FTFT.US announced the appointment of its blockchain division

A leading integrated financial and digital technology service provider, FTFT.US today announced the appointment of its blockchain division, which will continue to focus on computing power, web3, AI and other blockchain-related project cooperation, including planning, integration and management of the Group's existing blockchain business. Mr. Xue Kai has been appointed as the president of the blockchain division to oversee the overall work of the division. At present, the division's main work is to promote cooperation in the web3 direction and coordinate the Company's cryptocurrency asset management and digital currency big data and trading business. Mr. Xue has extensive experience in blockchain and cryptocurrency. He served as the Company's COO in March 2019, COO of the Company's wholly-owned subsidiary Chain Future Digital Technology (Beijing) Co., Ltd. from July 2018 to March 2019, and fully led the construction and operation of the Company's US mines in 2023. Mr. Peng Weiying has been appointed as the vice president of the blockchain division, mainly responsible for the Group's blockchain computing power and web3-related businesses, including overseas mine construction, mining machine recruitment and related cooperation around computing power and web3 businesses. Mr. Peng entered the bitcoin mining industry in September 2015 and has rich industry experience and resources. He was responsible for the Company's global mine recruitment business from 2021 to 2022. Mr. Li Hu, CEO of FTFT, said: "While actively planning and developing web3 digital financial services, the Company is constantly promoting the integration of digital asset management and AI, expanding its influence in the entire web3 industry. The blockchain division will further solidify the Company's commitment to becoming a leading company in the blockchain field."