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Loan Receivables
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
LOAN RECEIVABLES

3. LOAN RECEIVABLES

 

As of June 30, 2021, the balance of loan receivables was $5.41 million, which was from Shenzhen Tiantian Haodian Technology Co., Ltd. (“Tiantian Haodian”). On June 28, 2020, GuangChengJi (Shanghai) Industrial Co., Ltd. (“Guangchengji”), a wholly owned subsidiary of Future FinTech (Hong Kong) Limited, entered into a “Loan Agreement” with Tiantian Haodian. Pursuant to the Loan Agreement, Guangchengji loaned up to the amount of RMB 35 million (approximately $5.41 million) with Tiantian Haodian at the annual interest rate of 10% from June 28, 2020 to December 27, 2021.