---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-027846"
form_type: "8-K"
ticker: "FVTI"
cik: "0001626745"
company_name: "Fortune Valley Treasures, Inc."
filed_at: "2021-11-10T23:59:59+00:00"
generated_at: "2026-06-28T09:58:42.172308+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fortune Valley Treasures to restate Q3 2020 results after omitting acquisition; net income turns to loss

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-027846
- form_type: 8-K
- ticker: FVTI
- cik: 0001626745
- company_name: Fortune Valley Treasures, Inc.
- filed_at: 2021-11-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1626745/000149315221027846/0001493152-21-027846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1626745/000149315221027846/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-027846
- JSON: https://secwatch.observer/filing/0001493152-21-027846.json
- Plain text: https://secwatch.observer/filing/0001493152-21-027846.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.