---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-028158"
form_type: "8-K"
ticker: "FVTI"
cik: "0001626745"
company_name: "Fortune Valley Treasures, Inc."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:14:12.437386+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Fortune Valley Treasures appoints Fang Li as independent director to fill vacancy after director resignation

## Summary
- Chaoping Chen resigned as director effective June 25, 2024.
- Fang Li elected as independent director effective July 17, 2024.
- Li will serve on the Audit Committee and Nominating and Corporate Governance Committee.
- Li is an auditor at Ernst & Young Huaming (Shenzhen) since 2021; holds Master of Finance from Shenzhen University.
- No reportable relationships or related transactions between Li and the Company.

## SEC filing metadata
- accession: 0001493152-24-028158
- form_type: 8-K
- ticker: FVTI
- cik: 0001626745
- company_name: Fortune Valley Treasures, Inc.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1626745/000149315224028158/0001493152-24-028158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1626745/000149315224028158/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-028158
- JSON: https://secwatch.observer/filing/0001493152-24-028158.json
- Plain text: https://secwatch.observer/filing/0001493152-24-028158.txt

## Key facts
- Executive change
  Fang Li was elected as independent director at Fortune Valley Treasures, Inc..
  - Action: elected
  - Role: independent director
  source text: Effective July 17, 2024, the Board elected Fang Li as an independent director of the Company to fill the vacancy created from Ms. Chen’s resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626745/000149315224028158/0001493152-24-028158-index.htm
- Executive change
  Chaoping Chen resigned as director at Fortune Valley Treasures, Inc..
  - Action: resigned
  - Role: director
  source text: As previously reported, Ms. Chaoping Chen resigned as a member of the board of directors (the “Board”) of Fortune Valley Treasures, Inc. (the “Company”), effectively June 25, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626745/000149315224028158/0001493152-24-028158-index.htm

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