Fortune Valley Treasures implements 1-for-20 reverse stock split to pursue NASDAQ listing

Fortune Valley Treasures, Inc.

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.

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