Future FinTech sells Hainan subsidiary for RMB 10M; buyer assumes ~RMB 65.9M in intra-group liabilities

Future FinTech Group Inc.

Sold 100% of Future Commercial Management (Hainan) Co., Ltd. to Xi'an Yinshi Trading Co., Ltd. for RMB 10 million.
Buyer to assume and repay intra-group liabilities of RMB 65,872,300 owed to other FTFT subsidiaries.
Payment: RMB 2M due within 10 days of Nov 18 agreement; RMB 8M within 20 days after closing.
Company states disposition does not involve a significant amount of assets under Item 2.01.
Seller must settle intra-group liabilities within 3 years; overdue amounts accrue 5% interest.

item 2.01item 9.01

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