{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-023091","form_type":"8-K","ticker":"FVTI","cik":"0001626745","company_name":"Fortune Valley Treasures, Inc.","filed_at":"2024-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.309141+00:00","generated_at":"2026-06-01T05:35:22.724181+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Fortune Valley Treasures CEO Yumin Lin resigns; Yuwen Li appointed as new CEO","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-023091","json":"https://secwatch.observer/filing/0001493152-24-023091.json","markdown":"https://secwatch.observer/filing/0001493152-24-023091.md","text":"https://secwatch.observer/filing/0001493152-24-023091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T05:35:22.724181+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"027361800c","claim":"Yuwen Li was appointed as Chief Executive Officer at Fortune Valley Treasures, Inc..","evidence_excerpt":"Effective June 6, 2024, the Board appointed Mr. Li as the Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"93c820fed8","claim":"Yumin Lin resigned as Chief Executive Officer and Director at Fortune Valley Treasures, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer and Director"}],"fact_type":"executive_change"},{"claim_id":"da08288ba0","claim":"Yuwen Li was elected as Director and Chairman at Fortune Valley Treasures, Inc..","evidence_excerpt":"Effective June 6, 2024, the Board elected Mr. Yuwen Li to serve as a director and Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director and Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}