Future FinTech Group Inc. announced the resignation of Hongke Xue as the Chief Executive Officer of the Company and Chairman of the Board of the Directors of the Company, effective January 31, 2018. Hongke Xue will remain as a director of the Board. Hongke Xue's decision to resign was not a result of any disagreement with the Company, the Board or its management on any matter relating to the Company's operations, policies or practices.

The Board appointed Yongke Xue, a current board member of the Company, to serve as the Chief Executive Officer of the Company and Chairman of the Board, effective on January 31, 2018. Mr. Yongke Xue remains as a director of the Board of the Company.