0001066923 2025-01-01 2025-12-31 0001066923 ftft:HuLiMember 2025-01-01 2025-12-31 0001066923 2024-01-01 2024-12-31 0001066923 ftft:HuLiMember 2024-01-01 2024-12-31 0001066923 ftft:ShanchunHuangMember 2024-01-01 2024-12-31 0001066923 2023-01-01 2023-12-31 0001066923 ftft:ShanchunHuangMember 2023-01-01 2023-12-31 0001066923 2023-11-15 2025-01-01 2025-12-31 0001066923 ftft:HuLiMember 2023-01-01 2023-12-31 0001066923 ftft:ShanchunHuangMember 2025-01-01 2025-12-31 iso4217:USD PRE 14A 0001066923 false Future FinTech Group Inc. true <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">The Board adopted a Clawback Policy on November 15, 2023, in compliance with the requirements of the Dodd-Frank Act, final SEC rules and applicable Nasdaq listing standards, which covers our current and former officers subject to Section 16 of the Exchange Act. Under the Clawback Policy, if there is a restatement of our financial results, the Company will recover any erroneously awarded incentive compensation from such officers during a three-year lookback period. A copy of the Clawback Policy has been filed as an Exhibit of our Annual Report of Form 10-K.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center;"><span style="font-weight: bold;">PAY VERSUS PERFORMANCE</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><span style="font-weight: bold;"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S- K, we are providing the following information about the relationship of “compensation actually paid” (“CAP”) to our principal executive officer (“PEO”) and other named executive officers (“Non-PEO NEOS”) and our performance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><span style="text-decoration:underline">Pay Versus Performance Table</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Customer Protection Act, and item 402(v) of Regulation S-K promulgated under the Exchange Act, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;">For purposes of the tables below, the principal executive officer (“PEO”) and non-PEO named executive officers for 2025, 2024 and 2023 are the following:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse;"> <tbody><tr style="vertical-align: top;"><td style="width: 32%; border-bottom: black 1.5pt solid;"><span style="font-size: 10pt;"><span style="font-weight: bold;">Year</span></span></td> <td style="width: 1%;"> </td> <td style="width: 33%; border-bottom: black 1.5pt solid; text-align: center;"><span style="font-size: 10pt;"><span style="font-weight: bold;">PEO</span></span></td> <td style="width: 1%;"> </td> <td style="width: 33%; border-bottom: black 1.5pt solid; text-align: center;"><span style="font-size: 10pt;"><span style="font-weight: bold;">Non-PEO named executive officers</span></span></td> </tr><tr style="vertical-align: top; background-color: rgb(204,238,255);"><td><span style="font-size: 10pt;">2025</span></td> <td> </td> <td><span style="font-size: 10pt;">Hu Li</span></td> <td> </td> <td><span style="font-size: 10pt;">Ming Yi, Peng Lei and Ting Ouyang</span></td> </tr><tr style="vertical-align: top; background-color: White;"><td><span style="font-size: 10pt;">2024</span></td> <td> </td> <td><span style="font-size: 10pt;">Shanchun Huang, Hu Li</span></td> <td> </td> <td><span style="font-size: 10pt;">Ming Yi, Peng Lei</span></td> </tr><tr style="vertical-align: top; background-color: rgb(204,238,255);"><td><span style="font-size: 10pt;">2023</span></td> <td> </td> <td><span style="font-size: 10pt;">Shanchun Huang</span></td> <td> </td> <td><span style="font-size: 10pt;">Ming Yi, Yongke Xue, Peng Lei</span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif;"> <tbody><tr style="vertical-align: bottom;"><td style="text-align: left;"> </td> <td style="font-weight: bold;"> </td> <td colspan="2" style="font-weight: bold; text-align: center;">SCT Total for PEO #1 (Shanchun Huang) (1)</td> <td style="font-weight: bold;"> </td> <td style="font-weight: bold;"> </td> <td colspan="2" style="font-weight: bold; text-align: center;">CAP to<br/> PEO #1 (2)</td> <td style="font-weight: bold;"> </td> <td style="font-weight: bold;"> </td> <td colspan="2" style="font-weight: bold; text-align: center;">SCT<br/> Total for<br/> PEO #2<br/> (Hu Li) (3)</td> <td style="font-weight: bold;"> </td> <td style="font-weight: bold;"> </td> <td colspan="2" style="font-weight: bold; text-align: center;">CAP to<br/> PEO #2 (4)</td> <td style="font-weight: bold;"> </td> <td> </td> <td colspan="2" style="text-align: center;"><span style="font-weight: bold;">Avg Summary</span> <span style="font-weight: bold;">Compensation Table for Non-PEO NEOs (5)</span></td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;"><span style="font-weight: bold;">Avg Compensation Actually Paid to Non-PEO</span> <span style="font-weight: bold;">NEOs (6)</span></td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;"><span style="font-weight: bold;">Value of Initial<br/> Fixed</span> <span style="font-weight: bold;">$100 Investment</span> <span style="font-weight: bold;">Based On Total Shareholder</span> <span style="font-weight: bold;">Return (7)</span></td> <td> </td> <td style="font-weight: bold;"> </td> <td colspan="2" style="font-weight: bold; text-align: center;">Net Income (Loss) (8)</td> <td style="font-weight: bold;"> </td> </tr><tr style="vertical-align: bottom;"><td style="text-align: left; font-weight: bold; border-bottom: Black 1.5pt solid;">Year</td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid;">($)</td> <td style="padding-bottom: 1.5pt; font-weight: bold;"> </td> </tr><tr style="vertical-align: bottom;"><td style="text-align: left;">(a)</td> <td> </td> <td colspan="2" style="text-align: center;">(b1)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(c1)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(b1)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(c2)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(d)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(e)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(f)</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center;">(g)</td> <td> </td> </tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255);"> <td style="width: 30%; text-align: left;">2023</td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;">248,001</td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;">248,001</td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;"><span style="-sec-ix-hidden:fc_251360211;">-</span></td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;"><span style="-sec-ix-hidden:fc_113027996;">-</span></td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;">49,924</td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;">49,924</td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;">(3.76</td> <td style="width: 0.25%; text-align: left;">)</td> <td style="width: 0.25%;"> </td> <td style="width: 0.25%; text-align: left;"> </td> <td style="width: 8%; text-align: right;">(34,124,499</td> <td style="width: 0.25%; text-align: left;">)</td> </tr><tr style="vertical-align: bottom; background-color: White;"> <td style="text-align: left;">2024</td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">90,740</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">90,740</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">49,389</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">49,389</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">48,967</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">48,967</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">(83.43</td> <td style="text-align: left;">)</td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">(32,995,434</td> <td style="text-align: left;">)</td> </tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255);"> <td style="text-align: left;">2025</td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;"><span style="-sec-ix-hidden:fc_152327800;"> </span></td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;"><span style="-sec-ix-hidden:fc_137216227;"> </span></td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">91,254</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">91,254</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">32,707</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">32,707</td> <td style="text-align: left;"> </td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">(75.32</td> <td style="text-align: left;">)</td> <td> </td> <td style="text-align: left;"> </td> <td style="text-align: right;">(3,341,365</td> <td style="text-align: left;">)</td> </tr></tbody></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 33.7pt; text-align: justify;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="width: .25in;"><span style="font-size: 10pt;">(1)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported in column (b1) represent the amounts of total compensation reported for PEO #1 (Mr. Shanchun Huang) for each corresponding year in the “Total” column of the Summary Compensation Table.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 33.75pt; text-align: justify;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="text-align: justify; width: 0.25in;"><span style="font-size: 10pt;">(2)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported in column (c1) represent the amount of “compensation actually paid” to PEO #1 (Mr. Shanchun Huang), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 33.75pt; text-align: justify;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="text-align: justify; width: 0.25in;"><span style="font-size: 10pt;">(3)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported in column (b2) represent the amounts of total compensation reported for PEO #2 (Mr. Hu Li) for each corresponding year in the “Total” column of the Summary Compensation Table.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 33.75pt; text-align: justify;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="width: .25in;"><span style="font-size: 10pt;">(4)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported in column (c2) represent the amount of “compensation actually paid” to PEO #2 (Mr. Hu Li), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="width: .25in;"><span style="font-size: 10pt;">(5)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="width: .25in;"><span style="font-size: 10pt;">(6)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-PEO named executive officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO named executive officers as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"> </p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="width: .25in;"><span style="font-size: 10pt;">(7)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.</i></span></td> </tr></tbody> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><i> </i></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%;"> <tbody><tr style="vertical-align: top;"><td style="width: .25in;"><span style="font-size: 10pt;">(8)</span></td> <td style="text-align: justify;"><span style="font-size: 10pt;"><i>The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year.</i></span></td> </tr></tbody> </table> Hu Li Shanchun Huang, Hu Li Shanchun Huang 248001 248001 49924 49924 -3.76 -34124499 90740 90740 49389 49389 48967 48967 -83.43 -32995434 91254 91254 32707 32707 -75.32 -3341365 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><span style="font-weight: bold;"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0;"><img alt="" src="ea030804701_img2.jpg"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><span style="font-weight: bold;"> </span></p><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0;"><img alt="" src="ea030804701_img3.jpg"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0;"><span style="font-weight: bold;"> </span></p><p style="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0;"><img alt="" src="ea030804701_img4.jpg"/></p> The dollar amounts reported in column (b2) represent the amounts of total compensation reported for PEO #2 (Mr. Hu Li) for each corresponding year in the “Total” column of the Summary Compensation Table. The dollar amounts reported in column (c2) represent the amount of “compensation actually paid” to PEO #2 (Mr. Hu Li), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K. The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year. The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-PEO named executive officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO named executive officers as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K. Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year. The dollar amounts reported in column (b1) represent the amounts of total compensation reported for PEO #1 (Mr. Shanchun Huang) for each corresponding year in the “Total” column of the Summary Compensation Table. The dollar amounts reported in column (c1) represent the amount of “compensation actually paid” to PEO #1 (Mr. Shanchun Huang), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.