Future FinTech Group Inc.

Future FinTech Group Inc. has filed its definitive proxy statement for the 2026 Annual Meeting of Shareholders, scheduled for November 19, 2026, in Hong Kong. Key proposals include the election of five directors, ratification of the independent auditor, an amendment to increase authorized common stock to 900,000,000 shares, an amendment to reduce the shareholder vote required for amending the Articles of Incorporation, and the approval of the 2026 Omnibus Equity Plan. The record date for shareholders entitled to vote is September 30, 2026, with 8,674,730 shares of common stock outstanding on that date.

Future FinTech Group Inc. announced it entered into Securities Purchase Agreements to issue and sell an aggregate of 30,000,000 shares of its common stock at $1.00 per share, generating gross proceeds of $30,000,000. Wealth Index Capital Limited (WICL), controlled by the company's former CEO and controlling shareholder, purchased 10,000,000 shares, increasing its beneficial ownership from 27.0% to 32.9%. The shares were sold in an unregistered offering, and purchasers waived all registration rights, meaning the shares remain restricted.

Future FinTech Group Inc. dismissed Fortune CPA Inc. as its independent registered public accounting firm on July 6, 2026, and simultaneously appointed Wei, Wei & Co., LLP, effective immediately. Fortune's audit reports for 2024 and 2025 contained an explanatory paragraph regarding the Company's ability to continue as a going concern and noted a material weakness in internal control over financial reporting. The Company stated there were no disagreements with Fortune on accounting principles or practices.

Future FinTech Group Inc. announced that its Board of Directors approved a 1-for-4 reverse stock split of the Company's common stock. The reverse stock split is expected to become effective on July 10, 2026, with trading on a split-adjusted basis commencing July 13, 2026. This action will reduce the number of outstanding shares from approximately 7.47 million to 1.87 million, with no change to the par value per share.

Future FinTech Group Inc., through its wholly-owned subsidiary Future Commercial Group Limited, entered into a Share Purchase Agreement to acquire a 20% equity interest in Xi’an Changshida Information Technology Co., Ltd. for approximately US$6.46 million. Changshida is focused on applying artificial intelligence technologies in the healthcare and smart city sectors. The payment consists of RMB 40 million in cash and 493,062 shares of Future FinTech common stock, valued at RMB 4 million.

Future FinTech Group Inc. entered into Pre-Paid Purchase #3 with Avondale Capital, LLC on May 20, 2026, securing $2,000,000 in cash proceeds. This is part of a larger Pre-Paid Securities Purchase Agreement for up to $10,000,000, previously approved by shareholders. The company issued a Pre-Paid Instrument with a principal amount of $2,160,000, reflecting an 8% original issue discount.

Future FinTech Group Inc. reported a significant reduction in net loss attributable to the company, decreasing to $1.28 million or $(0.25) per share for Q1 2026, compared to $4.57 million or $(7.48) per share in Q1 2025. This improvement occurred despite a revenue decline to $212,612 from $542,131 year-over-year. The company noted ongoing operating losses and negative cash flows, raising substantial doubt about its ability to continue as a going concern, while also highlighting its business transformation to financial technology services and the impact of discontinued operations in the prior year.