SCHEDULE: Future FinTech Group Inc. Ownership Update

Wealth Index Capital Limited and Shanchun Huang report a combined beneficial ownership of 2,640,625 shares, representing 32.5% of Future FinTech Group Inc. following recent share issuances.

Summary

• Wealth Index Capital Limited (WICL) and Shanchun Huang (collectively, Reporting Persons) have filed an amendment to their Schedule 13D.
• The filing details WICL's beneficial ownership of 2,640,625 shares of Future FinTech Group Inc. common stock, representing 32.5% of the outstanding shares as of August 25, 2026.
• This ownership percentage is based on 8,115,223 outstanding shares.
• WICL acquired 10,000,000 shares on July 29, 2026, at $1.00 per share for $10,000,000, using working capital, pursuant to a 2026 Securities Purchase Agreement (2026 SPA).
• These shares were adjusted to 2,500,000 shares due to a 1-for-4 reverse stock split on August 31, 2026.
• Shanchun Huang is the sole member and owner of WICL, thus may be deemed beneficial owner of these shares.
• The filing also references a prior purchase of 9,000,000 shares on September 16, 2025, at $2.00 per share for $18,000,000, which was adjusted to 140,625 shares after multiple reverse stock splits.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to the significant dilution from recent share issuances and the resulting decrease in ownership percentage, despite the capital raised.

Positives

• The company successfully raised $10,000,000 on July 29, 2026, through the 2026 SPA.
• The company also raised $18,000,000 on September 16, 2025, through a prior SPA.
• WICL, a significant shareholder, maintains a substantial ownership stake of 32.5%.

Negatives

• The ownership percentage of WICL has significantly decreased from approximately 48.107% after the September 2025 issuance to 32.5% after the July 2026 issuance, indicating substantial dilution.
• The effective purchase price for the shares acquired in July 2026 was $1.00 per share, a decrease from the $2.00 per share in September 2025.
• Multiple reverse stock splits (1-for-4 on Jan 20, 2026, 1-for-4 on July 13, 2026, and 1-for-4 on Aug 31, 2026) have significantly reduced the number of shares held from the initial issuances.

Risks

• Potential for further dilution if additional shares are issued under the 2026 SPA (up to 30,000,000 shares).
• The decrease in ownership percentage could impact the influence of WICL and Shanchun Huang.
• The company's reliance on equity financing through SPAs may indicate ongoing capital needs or financial pressures.

Future Outlook

The 2026 SPA allows for the purchase of up to an aggregate of 30,000,000 additional shares of common stock at $1.00 per share. The filing does not provide specific guidance on future plans beyond this potential for further capital raise.

Management Comments

• Shanchun Huang, sole member of Wealth Index Capital Limited, may be deemed a beneficial owner of the shares held by WICL.
• The Reporting Persons have entered into a Joint Filing Agreement to jointly file Schedule 13D statements.

Industry Context

StockSavvy.ai notes that frequent equity issuances at decreasing prices, coupled with reverse stock splits, are often indicative of a company facing financial challenges or seeking to maintain exchange listing requirements. This pattern can lead to significant dilution for existing shareholders.

Related Party Transactions

• The acquisition of shares by Wealth Index Capital Limited (WICL) from Future FinTech Group Inc. is a transaction involving a significant shareholder and its controlling party, Shanchun Huang.

Stakeholder Impact

• Shareholders may experience dilution of their ownership percentage and potential decrease in share value due to the significant number of shares issued.
• The company's ability to raise capital through equity issuances may be viewed positively by creditors, but the terms of the issuances (lower price, dilution) could be a concern.
• Management's strategy of issuing shares at decreasing prices and implementing reverse splits may impact investor confidence.

Next Steps

• Potential for further share issuances under the 2026 SPA, up to an additional 20,000,000 shares.
• Reporting Persons will continue to file Schedule 13D amendments as required.

Key Dates

Recommendation

The filing indicates significant dilution and a decrease in the effective purchase price of shares, which are negative indicators. However, the company has successfully raised capital, and a major shareholder maintains a substantial stake. Given the mixed signals and the potential for further capital raises, a 'hold' recommendation is prudent pending further operational and financial developments.

Keywords

Schedule 13D, Future FinTech Group Inc., Wealth Index Capital Limited, Shanchun Huang, Beneficial Ownership, Securities Purchase Agreement, Common Stock, Dilution