Fortune Valley Treasures CEO Yumin Lin resigns; Yuwen Li appointed as new CEO

Fortune Valley Treasures, Inc.

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.

item 5.02 item 9.01

Executive movements

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Appointed

Yuwen Li

Chief Executive Officer

FVTI · Fortune Valley Treasures, Inc.

Effective: 2024-06-06
Filed: June 7, 2024, 7:59 PM ET

Effective June 6, 2024, the Board appointed Mr. Li as the Chief Executive Officer of the Company.

Departed

Yumin Lin

Chief Executive Officer and Director

FVTI · Fortune Valley Treasures, Inc.

Effective: 2024-06-03
Successor: Yuwen Li
Filed: June 7, 2024, 7:59 PM ET

On June 3, 2024, Mr. Yumin Lin tendered his resignation as a member of the board of directors (the “Board”) and Chief Executive Officer of Fortune Valley Treasures, Inc. (the “Company”) due to personal reasons.

Appointed

Yuwen Li

Director and Chairman

FVTI · Fortune Valley Treasures, Inc.

Effective: 2024-06-06
Filed: June 7, 2024, 7:59 PM ET

Effective June 6, 2024, the Board elected Mr. Yuwen Li to serve as a director and Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yuwen Li was appointed as Chief Executive Officer at Fortune Valley Treasures, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Effective June 6, 2024, the Board appointed Mr. Li as the Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yumin Lin resigned as Chief Executive Officer and Director at Fortune Valley Treasures, Inc..

Action: resigned
Role: Chief Executive Officer and Director

Exact text from the filing

On June 3, 2024, Mr. Yumin Lin tendered his resignation as a member of the board of directors (the “Board”) and Chief Executive Officer of Fortune Valley Treasures, Inc. (the “Company”) due to personal reasons.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yuwen Li was elected as Director and Chairman at Fortune Valley Treasures, Inc..

Action: elected
Role: Director and Chairman

Exact text from the filing

Effective June 6, 2024, the Board elected Mr. Yuwen Li to serve as a director and Chairman of the Board.

View on SEC.gov

Fortune Valley Treasures, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-023091

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