{"filings":[{"id":156971,"accession_number":"0001641172-25-011034","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Fortune Valley Treasures appoints CEO Yuwen Li as CFO following Lin Kaihong's resignation","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lin Kaihong resigned as CFO, effective May 15, 2025.","CEO Yuwen Li appointed as new CFO, adding responsibilities.","No reason for resignation given in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175346,"accession_number":"0001493152-25-001916","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2025-01-13T23:59:59+00:00","items":["4.02","9.01"],"status":"ready","headline":"Fortune Valley Treasures restates Q1 and Q2 2024 financials due to accounting errors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Errors found in trial balances for subsidiary Dongguan Fusheng Drinking Water Co., affecting undistributed profits.","Company will restate quarterly reports for March 31 and June 30, 2024; those statements should no longer be relied upon.","Restatement expected to materially impact previously reported balance sheets and income statements.","Management continues to report material weakness in internal control over financial reporting related to the errors.","Discussed matters with independent auditor Astra Audit & Advisory LLC."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175345,"accession_number":"0001493152-25-001850","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2025-01-13T23:59:59+00:00","items":["1.01","2.01","9.01"],"status":"ready","headline":"Fortune Valley Treasures sells subsidiary DaXing for $250K promissory note","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sold 100% of DaXingHuaShang Investment Group to Lin Yumin for $250K promissory note at 8% interest, due Dec 31, 2025.","Closing completed Dec 31, 2024; divestiture to focus on other business opportunities.","FVTI to provide DaXing financial records and 60-day post-closing assistance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192283,"accession_number":"0001493152-24-039482","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-10-04T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Fortune Valley Treasures dismisses auditor YCM CPA, appoints Astra Audit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit Committee approved dismissal of YCM CPA as independent auditor effective August 16, 2024.","YCM CPA's 2023 audit report included going concern doubt about company's viability.","No disagreements with former auditor; material weakness previously reported in 10-K.","New auditor Astra Audit & Advisory LLC appointed effective September 25, 2024.","Company provided YCM CPA with disclosures and received letter of agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208780,"accession_number":"0001493152-24-033592","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-08-22T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Jianwei Lin resigns from Fortune Valley Treasures board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jianwei Lin resigned as board member on August 20, 2024, for personal reasons.","Resignation was not due to any disagreement with the company or management.","Board accepted resignation; no successor has been announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208779,"accession_number":"0001493152-24-031113","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-08-12T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Anthony S. Chan resigns; Fang Li appointed Audit Committee Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Anthony S. Chan resigned from Board of Directors on August 7, 2024, citing personal reasons; no disagreement with Company.","Board accepted resignation and appointed Director Fang Li as Chairman of the Audit Committee.","Resignation letter filed as Exhibit 17.1 to the Form 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208778,"accession_number":"0001493152-24-028158","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-07-17T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Fortune Valley Treasures appoints Fang Li as independent director to fill vacancy after director resignation","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Chaoping Chen resigned as director effective June 25, 2024.","Fang Li elected as independent director effective July 17, 2024.","Li will serve on the Audit Committee and Nominating and Corporate Governance Committee.","Li is an auditor at Ernst & Young Huaming (Shenzhen) since 2021; holds Master of Finance from Shenzhen University.","No reportable relationships or related transactions between Li and the Company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208777,"accession_number":"0001493152-24-025785","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-07-01T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Fortune Valley Treasures: directors Chen and Lin resign; Lin stays CFO, Hong appointed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Directors Chaoping Chen and Kaihong Lin resigned effective June 25, 2024 for personal reasons; Lin remains CFO.","Board accepted resignations on June 28, 2024 and elected Haibo Hong as director to fill the vacancy.","Haibo Hong previously served as GM of Dongguan Kedao Catering Culture (2020-2024) and Dongguan Xishun Energy Investment (2010-2020).","Mr. Hong holds an Associate degree in Pharmacy; no family relationships or reportable transactions with the Company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226521,"accession_number":"0001493152-24-023091","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-06-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Fortune Valley Treasures CEO Yumin Lin resigns; Yuwen Li appointed as new CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Yumin Lin resigned as CEO and director effective June 3, 2024, due to personal reasons; no disagreement with the company.","Board elected Yuwen Li as director, Chairman, and CEO effective June 6, 2024.","Yuwen Li previously served as chairman of subsidiary Dongguan Xixingdao Technology and COO/CTO of subsidiary Qianhai DaXingHuaShang.","Initial annual base salary for new CEO set at RMB 120,000 (approx. $16,500) per employment agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245521,"accession_number":"0001493152-24-005476","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-02-08T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Fortune Valley Treasures dismisses MaloneBailey as auditor, appoints YCM CPA","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["MaloneBailey, LLP dismissed as independent accountant effective January 25, 2024.","YCM CPA Inc. appointed as new independent registered public accounting firm effective February 7, 2024.","No disagreements or reportable events occurred during fiscal years 2022 and 2021.","MaloneBailey's audit reports for those periods were unqualified and unmodified.","Company provided MaloneBailey with disclosures and filed their letter as Exhibit 16.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245520,"accession_number":"0001493152-24-003628","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2024-01-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Fortune Valley director resigns; board size reduced to six","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Ramesh Ruben Louis resigned effective Jan 23, 2024, not due to any disagreement.","Board reduced size from seven to six directors following resignation.","Director Chaoping Chen appointed to fill Audit Committee vacancy left by Louis."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":298716,"accession_number":"0001493152-23-018094","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Bulin Wang resigns from Fortune Valley Treasures board due to retirement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bulin Wang resigned as director effective May 18, 2023, citing retirement; no disagreement with management or board.","Board reduced from eight to seven directors following Wang's resignation.","Director Jianwei Lin appointed as Chair of Compensation Committee and member of Corporate Governance and Nominating Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":354514,"accession_number":"0001493152-22-018885","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2022-07-08T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Fortune Valley Treasures terminates agreement to acquire 70% of Valley Holdings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Termination agreement effective July 8, 2022; no equity had been transferred under the deal.","Parties waived claims and have no further obligations under the original equity transfer agreement dated January 6, 2021.","The target, Valley Holdings, owns ~88% of Valley Foods Holdings (Guangzhou) Co., Ltd., a food wholesale and additives company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":372493,"accession_number":"0001493152-22-010616","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2022-04-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Minghua Cheng resigns from Fortune Valley Treasures board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Minghua Cheng resigned as director on April 21, 2022 effective immediately.","Resignation was for personal reasons, not due to any disagreement with company.","Board accepted resignation; no replacement named as of the filing date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":409503,"accession_number":"0001493152-21-027846","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2021-11-10T23:59:59+00:00","items":["2.02","4.02"],"status":"ready","headline":"Fortune Valley Treasures to restate Q3 2020 results after omitting acquisition; net income turns to loss","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Previously issued Q3 2020 financials omitted acquisition of Dongguan Xixingdao Technology Co., Ltd. completed August 31, 2020.","Purchase consideration was $9,773,989 in 4,862,681 shares of common stock not yet issued as of September 30, 2020.","Total assets adjusted from $420,198 to $11,087,032 (up 2,539%); liabilities from $1,376,142 to $11,507,775 (up 736%).","Revenue for three months ended Sep 30, 2020 adjusted from $156,340 to $283,560 (up 81%); net income swung from $2,425 profit to $77,140 loss.","Adjustments are preliminary; company will file amended Form 10-Q/A for the quarter ended September 30, 2020."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":409502,"accession_number":"0001493152-21-026879","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2021-11-01T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Yumei Liu resigns; Anthony S. Chan appointed as independent director and Audit Committee Chair","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Yumei Liu resigned from the board effective Oct 26, 2021, not due to any disagreement with the company.","Anthony S. Chan appointed as independent director, Audit Committee Chair, and Compensation Committee member same date.","Chan is a CPA with over 30 years experience; previously CFO of SPI Energy (Nasdaq: SPI) and Helo Corp.","Jianwei Lin steps down as Audit Committee Chair but remains a member of the Audit Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":409501,"accession_number":"0001493152-21-025936","cik":1626745,"company_name":"Fortune Valley Treasures, Inc.","ticker":"FVTI","form_type":"8-K","filed_at":"2021-10-21T23:59:59+00:00","items":["3.03","5.03","9.01"],"status":"ready","headline":"Fortune Valley Treasures implements 1-for-20 reverse stock split to pursue NASDAQ listing","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved 1-for-20 reverse stock split effective October 21, 2021.","Authorized shares reduced from 3B to 150M; outstanding from ~313M to ~15.65M shares.","Trading symbol changes to FVTID for 20 business days, then reverts to FVTI.","Split aims to meet NASDAQ Capital Market initial listing standards; stock currently on OTC Pink.","No shareholder approval required; fractional shares rounded up to nearest whole share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":947130.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}