FTFT.US, a wealth management company, announced the appointment of Li Hu as its new CEO.
FTFT.US, a leading integrated financial and digital technology solutions provider, today announced the appointment of Mr. Li Hu as the Group's Chief Executive Officer (CEO), President and Board Member. Mr. Li will be responsible for the overall management and operation of the Group, and will help the Company expand internationally through M&A, investment and financing activities, and promote the sustainable strategic transformation and development of FTFT. Mr. Li will succeed Mr. Huang Shanchun as CEO effective August 5, 2024. Mr. Huang stepped down from the position of CEO, President and Board Member due to personal reasons and there is no disagreement between Mr. Huang, the Company, its management or its board.
Mr. Li has been the Director and CEO of FTFT's wholly-owned subsidiary FTFT International Securities & Futures Co., Ltd. since January 2024, and has served as the Company's Board Secretary since June 2019; he has been an independent director of SISI Inc. (NASDAQ:SISI) since September 2021; he served as the Vice President of Asset Securitization and Leasing Business of HuiPu Financial Leasing Co., Ltd. from September 2015 to February 2018, and obtained a master's degree in business administration from Xi'an University of Finance and Economics in 2008.
Mr. Li Ruoyou, Chairman of the Board of Directors of FTFT, said, "Mr. Li is an excellent manager. He has been with the Company for 5 years and has been deeply involved in the financial technology industry for many years, and has accumulated rich management experience. I am very happy that he can serve as the CEO of the Group, and believe that Mr. Li will take on greater responsibilities and serve the Company, further fulfilling the Company's mission."
Mr. Li said, "I attach great importance to this new appointment and opportunity. Firstly, I would like to express my sincere gratitude to Mr. Huang Shanchun for his great contribution to FTFT over the years. The success and development of FTFT cannot be separated from Mr. Huang's leadership and guidance. Mr. Huang has made a significant contribution to the establishment of the Company's structure and the position of the financial technology industry. I will continue to work closely with the FTFT team to help the Company achieve sustainable development and accelerate the implementation of the Company's global plan. As the CEO of FTFT, my mission is to leverage my financial management experience to provide our customers with better solutions. Our ultimate goal is to create higher value for our global customers, employees and shareholders."