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Loan Receivables
3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
LOAN RECEIVABLES

6. LOAN RECEIVABLES

 

As of March 31, 2022, the balance of loan receivables was US$5 million, which was from a third party. On March 10, 2022, Future FinTech (Hong Kong) Limited (“FTFT HK”), a wholly owned subsidiary of the Company, entered into a “Loan Agreement” with a third party. Pursuant to the Loan Agreement, FTFT HK loaned up to the amount of US$5 million to the third party at the annual interest rate of 10% from March 10, 2022 to September 9, 2022.