{"url_path":"/sec/ftft/8-k/2026-06-15/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-15","source_url":"https://www.sec.gov/Archives/edgar/data/1066923/0001213900-26-068821-index.html","accession_number":"0001213900-26-068821","cik":"0001066923","ticker":"FTFT","issuer_name":"Future FinTech Group Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1066923/0001213900-26-068821-index.html","primary_entity_key":"0001066923","primary_entity_name":"Future FinTech Group Inc."},"word_count":353,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n \n\nOn\nJune 12, 2026, Future FinTech Group Inc. (the “Company”), through its wholly-owned subsidiary, Future Commercial Group Limited\n(the “Buyer”), entered into a Share Purchase Agreement (the “SPA”) with Zhang Shuge (the “Seller”)\nand the Company.\n\n \n\nPursuant to the SPA, the Buyer agreed to acquire\nfrom the Seller a 20% equity interest in Xi’an Changshida Information Technology Co., Ltd. (“Changshida”), a company\norganized under the laws of the People’s Republic of China. Changshida is committed to implementing artificial intelligence technologies\nin practical application scenarios across the healthcare and smart city sectors. The company has built up independent R&D capabilities\nin underlying technologies, including machine vision and natural language processing. It has completed the development and commercial\ndeployment of AI technologies covering facial recognition, OCR, image recognition, video understanding, natural language processing, and\nknowledge graph construction. Through partnerships with medical and healthcare institutions, as well as universities, the company has\nincubated a full suite of proprietary AI products.\n\n \n\nThe aggregate purchase price for the acquisition\nis RMB 44,000,000 (approximately US$6.46 million), consisting of (i) RMB 40,000,000 payable in cash; and (ii) 493,062 shares of the Company’s\ncommon stock, par value $0.001 per share, having an agreed value of RMB 4,000,000. The cash consideration and share consideration are\npayable within ten (10) days following completion of the transfer of the 20% equity interest in Changshida and completion of the applicable\nregistration and filing procedures in the PRC.\n\n \n\nThe\nshares to be issued as consideration will be issued in a private transaction in reliance upon the exemption from registration provided\nby Regulation S under the Securities Act of 1933, as amended.\n\n \n\nThe\nclosing of the acquisition remains subject to customary closing conditions, including completion of the transfer of the equity interest\nand satisfaction or waiver of the conditions set forth in the SPA.\n\n \n\nThe\nforegoing description of the SPA does not purport to be complete and is qualified in its entirety by reference to the full text of the\nSPA, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference."}