Proxy Results Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

On December 6, 2024, Future FinTech Group Inc. (the "Company" or "Seller") and FTFT SuperComputing Inc. a wholly owned subsidiary of the Company ("FTFT SuperComputing") entered into a Stock Purchase Agreement (the "Agreement") with DDMM Capital LLC (the "Buyer"). Pursuant to the terms of the Agreement, the Company agreed to sell all of the issued and outstanding shares of FTFT SuperComputing to the Buyer for a purchase price that equals to: (i) $1,000,000 and (ii) the assumption of the obligations of FTFT SuperComputing totaling $973,072.24 (collectively, the "Closing Purchase Price"). The Closing Purchase Price shall be paid on the closing date in immediately available funds by wire transfer to an account at Olshan Frome Wolosky LLP to satisfy, in part, the right of payment held by FT Global Capital, Inc. ("FT Global") arising from the judgment entered in favor of FT Global and against the Company registered in the Southern District of New York and all matters pertaining to such litigation. The closing of the transactions contemplated by the Agreement (the "Closing") took place on December 9, 2024.

The Agreement contains customary representations and warranties and pre- and post-closing covenants of each party and customary closing conditions. Breaches of the representations and warranties will be subject to customary indemnification provisions.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached hereto as Exhibits 10.1 and is incorporated herein by reference.