Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 523

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1
Chunk 523
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 January
2018. From January 2013 to February 2016, Mr. Chen was Chief Executive Officer of Beijing Galloping Horse Film & TV Production Co.,
Ltd. From January 2010 to March 2013, Mr. Chen was the head of sales in the Beijing Office of Star Jet Co., Ltd. Prior to his Star Jet
experience, Mr. Chen was the executive board member and head of sales in Asia Jet Partners Limited, a privately-owned holding company
specializing in general aviation and aircraft leasing. Mr. Chen joined Asia Jet after his service as Chief Executive Officer at ABC International
Inc., a business consulting company based in Cleveland, Ohio. Mr. Chen attended business and marketing courses at Cleveland State University
from September 1991 to June 1995.

Our
Business Strategy and Acquisition Criteria

We
focused our search for an initial business combination on private companies that have either positive operating cash flow or compelling
technology or concept combined with a clear path to positive operating cash flow, tangible or intangible assets with significant barriers
to entry, and experienced incentivized management teams. We believed that biomedical life science, artificial intelligence (“AI”)
and robotics sectors are evolving quickly and will experience substantial growth in the coming years. Our selection process allowed us
to leverage a unique set of relationships with proven deal-sourcing capabilities to provide us with a strong pipeline of potential targets.
We expect to distinguish ourselves with our ability to:

The
focus of our management team to create stockholder value has been by leveraging its experience to improve the efficiency of the business,
while implementing strategies to grow revenue and profits organically and/or through acquisitions. Consistent with our strategy, we have
identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. While
we intend to use these criteria and guidelines in evaluating prospective businesses, we may decide to enter into our initial business
combination with a target business that does not meet these criteria and guidelines.

    ●
    Market
    trend and focus

We
will continue to focus on hardware technology companies that have large market potentials, mainly in areas of biomedical life science,
AI and Robotics. Based on the factors discussed elsewhere in this report, robots are becoming the underlying operating system of our
society. Integrated with AI, robots can perform complex tasks that require rich human experience.

    ●
    Opportunity
    for operational improvements

We
will seek to identify businesses that we believe are stable but at an inflection point and would benefit from our