---
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"
generated_at: "2026-06-01T05:35:22.724181+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-023091
- JSON: https://secwatch.observer/filing/0001493152-24-023091.json
- Plain text: https://secwatch.observer/filing/0001493152-24-023091.txt

## Key facts
- Executive change
  Yuwen Li was appointed as Chief Executive Officer at Fortune Valley Treasures, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Effective June 6, 2024, the Board appointed Mr. Li as the Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm
- Executive change
  Yumin Lin resigned as Chief Executive Officer and Director at Fortune Valley Treasures, Inc..
  - Action: resigned
  - Role: Chief Executive Officer and Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm
- Executive change
  Yuwen Li was elected as Director and Chairman at Fortune Valley Treasures, Inc..
  - Action: elected
  - Role: Director and Chairman
  source text: Effective June 6, 2024, the Board elected Mr. Yuwen Li to serve as a director and Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626745/000149315224023091/0001493152-24-023091-index.htm

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