Current Report Filing (8-k)
03 December 2020 - 8:16AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 26, 2020
Future
FinTech Group Inc.
(Exact
name of registrant as specified in its charter)
Florida
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001-34502
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98-0222013
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(State or other jurisdiction
of incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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Room
2302, South Tower T1, Kaisa Plaza
No.
86 Jianguo Avenue, Chaoyang District
Beijing,
China 100025
(Address
of principal executive offices, including zip code)
(86-10)
8353-0888
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange
on which registered
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Common Stock, par
value $0.001 per share
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FTFT
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Nasdaq Stock Market
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Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
November 26, 2020, Future FinTech Group Inc. (the “Company”) received a resignation letter from Ms. Jing (Veronica)
Chen to resign from her position as the Chief Financial Officer (“CFO”) of the Company, effective on November 30,
2020. Ms. Chen was appointed as the Vice President of the Company on November 30, 2020.
On
November 30, 2020, the Company appointed Mr. Ming Yi as the CFO of the Company, effective immediately.
Mr.
Yi, age 40, has served as an independent director of Hudson Capital Inc. (Nasdaq: HUSN) since March 31, 2020. Mr. Yi was
the Chief Financial Officer of SSLJ.com Limited from July 2018 to July 2019. From June 2011 to August 2018, Mr. Yi was the Chief
Financial Officer and a board member of Wave Sync Corp. (formerly known as China Bio-Energy Corp). From September 2009 to April
2011, he served as a senior manager at Qi He Certified Public Accountants Co. Ltd. Form July 2007 to August 2010, Mr. Yi was a
senior auditor at Ernst & Young. Mr. Yi received his Bachelor of Science degree in Accounting from School of Business Administrations
of Liaoning University in 2004 and his Master of Science degree in Accounting and Finance from Victory University, Australia in
2006. Mr. Yi is a Certified Public Accountant in Australia.
In
connection with his appointment as CFO, the Company entered into an employment agreement (the “Agreement”) with Mr.
Yi on December 1, 2020. The Agreement provides that Mr. Yi will receive compensation in the amount of $4,000 per month before
tax and the term of the Agreement is for one (1) year.
Mr. Yi was not selected pursuant to any arrangement
or understanding between him and any other person. There are no family relationships between Mr. Yi and the directors, nor between
Mr. Yi and any executive officer of the Company. Mr. Yi is not a party to any transaction that would require disclosure under Item
404(a) of Regulation S-K promulgated under the Securities Act of 1933, as amended.
The
foregoing description of the Agreement is only a summary of the terms of the Agreement and does not purport to be a complete description
of such document, and is qualified in its entirety by reference to the Agreement, a copy of which is attached as an exhibit hereto
and which is incorporated by reference into this Item 5.02
Item
9.01 Financial Statements and Exhibits
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#
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Indicates
management contract or compensatory plan, contract or arrangement.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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Future FinTech Group Inc.
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Date: December 2, 2020
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By:
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/s/
Shanchun Huang
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Name:
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Shanchun Huang
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Title:
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Chief Executive Officer
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2
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