FTFT Appoints New Leadership for Blockchain Division to Boost Web3 and AI Initiatives

Dec 02, 2024

Future FinTech Group Inc. (FTFT, Financial), a leading provider of financial and digital technology services, has announced new appointments within its blockchain division. The division will focus on enhancing its capabilities in computing power, Web3, AI, and other blockchain-related projects. These efforts include planning, coordinating, and managing the company's existing blockchain operations.

Mr. Xu Kai has been appointed as the President of the blockchain division. He will oversee Web3 collaborations and coordinate the company's cryptocurrency asset management and digital currency data and trading operations. Mr. Xu brings extensive experience in blockchain and digital currencies, having served as COO of the company and its subsidiary in Beijing.

Mr. Peng Weifang is appointed as the Vice President, responsible for blockchain computing power and Web3-related operations, including overseas mining farm construction and collaborations. He has been in the Bitcoin mining industry since 2015 and previously led FTFT's global mining farm business.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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