On June 23, 2021, the Board of Directors of Future FinTech Group Inc. received a resignation letter from Mr. Yongke Xue to resign as the Chairman and a member of the Board, effective on June 24, 2021. Mr. Xue resigned for personal reason and not for any disagreements with the Company, its management or its other directors. On June 23, 2021, the Board appointed Mr. Fuyou Li, a current Board member to serve as the Chairman of the Board and Ms. Ying Li as a new member of the Board, effective on June 24, 2021, to fill the vacancies following the resignation of Mr. Yongke Xue. Ms. Ying Li, has served as a director of Alpha International Securities (HONG KONG) Limited since September 9, 2020 and as a director of Alpha International Financial Holdings Limited since February 5, 2020. On June 23, 2021, the Board appointed Mr. Yongke Xue as the President of the Company, effective on June 24, 2021. Mr. Yongke Xue, age 54, served as a member of the Board from February 26, 2008 to June 24, 2021. Mr. Xue also served as the Chairman of the Board from January 31, 2018 to June 24, 2021 and from February 26, 2008 to September 2, 2016.