Fortune Valley Treasures Elects New Directors
Ticker: FVTI · Form: 8-K · Filed: Aug 22, 2024 · CIK: 1626745
| Field | Detail |
|---|---|
| Company | Fortune Valley Treasures, Inc. (FVTI) |
| Form Type | 8-K |
| Filed Date | Aug 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-change, officer-appointment, governance
TL;DR
Fortune Valley Treasures swapped some board members, effective Aug 20.
AI Summary
Fortune Valley Treasures, Inc. announced on August 22, 2024, a change in its board of directors, with the election of Mr. Jianjun Li and Mr. Jianfeng Li as Class II directors, effective August 20, 2024. The company also reported on compensatory arrangements for certain officers. This filing follows a name change from CRYPTO-SERVICES, INC. on December 1, 2014.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and officer changes, with no immediate financial distress or significant operational shifts indicated.
Key Numbers
- 20240822 — Report Date (Date of the 8-K filing)
- 20240820 — Effective Date (Date of director elections)
- 20141201 — Name Change Date (Date of former name change)
Key Players & Entities
- Fortune Valley Treasures, Inc. (company) — Registrant
- Jianjun Li (person) — Elected Class II Director
- Jianfeng Li (person) — Elected Class II Director
- CRYPTO-SERVICES, INC. (company) — Former Company Name
FAQ
Who were the new directors elected to the board?
Mr. Jianjun Li and Mr. Jianfeng Li were elected as Class II directors.
When were the new directors' appointments effective?
The appointments were effective August 20, 2024.
What was Fortune Valley Treasures, Inc. formerly known as?
The company was formerly known as CRYPTO-SERVICES, INC.
What is the state of incorporation for Fortune Valley Treasures, Inc.?
The company is incorporated in Nevada.
What items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-08-22 17:25:05
Filing Documents
- form8-k.htm (8-K) — 34KB
- ex17-1.htm (EX-17.1) — 1KB
- ex17-1_001.jpg (GRAPHIC) — 519KB
- 0001493152-24-033592.txt ( ) — 913KB
- fvti-20240822.xsd (EX-101.SCH) — 3KB
- fvti-20240822_lab.xml (EX-101.LAB) — 33KB
- fvti-20240822_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: August 22, 2024 FORTUNE VALLEY TREASURES, INC. By: /s/ Yuwen Li Name: Yuwen Li Title: Chief Executive Officer