Fortune Valley Treasures terminates agreement to acquire 70% of Valley Holdings

Fortune Valley Treasures, Inc.

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.

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