NEW YORK , Aug. 9, 2024 /PRNewswire/ -- Future Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as "Future FinTech", "FTFT" or the "Company"), a comprehensive financial and digital technology service provider, today announced that its Board of Directors (the "Board") approved the appointment of Mr. Hu Li as Chief Executive Officer ("CEO"), President and a member of the Board of the Company, effective August 5, 2024.
NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Future FinTech Group Inc. (NASDAQ: FTFT) on behalf of long-term stockholders following a class action complaint that was filed against Future FinTech on January 16, 2024 with a Class Period from March 10, 2020 to January 11, 2024. Our investigation concerns whether the board of directors of Future FinTech have breached their fiduciary duties to the company.
Future FinTech Group's shares fell as much as 20% in Friday premarket trading after the US Securities and Exchange Commission (SEC) charged CEO Shanchun Huang with manipulative trading and failure to disclose beneficial ownership. The allegations stem from Huang's suspicious activities in the stock market just before assuming the role of CEO in 2020.
Shares of Future FinTech Group FTFT, -3.07% fell after the Securities and Exchange Commission charged Shanchun Huang with allegedly inflating the company's share price just before he took over as chief executive.