FUTURE FINTECH SHAREHOLDER ACTION REMINDER

On January 11, 2024, the United Stated Securities and Exchange Commission posted an announcement on its website entitled "SEC Charges Future FinTech CEO Shanchun Huang with Fraud and Disclosure Failures." It further stated, "[t]he Securities and Exchange Commission today charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore account shortly before he became Future FinTech's CEO in 2020. The SEC also charged Huang with failing to disclose his beneficial ownership of Future FinTech stock as well as transactions in such stock."

On this news, the price of Future FinTech stock declined over 20% in after-hours trading.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Future FinTech's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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SOURCE Faruqi & Faruqi, LLP