Fortune Valley Treasures, Inc. (FVTI): M&A transaction — Fortune Valley Treasures sells subsidiary DaXing for $250K promissory note

Fortune Valley Treasures, Inc.

Sold 100% of DaXingHuaShang Investment Group to Lin Yumin for $250K promissory note at 8% interest, due Dec 31, 2025.
Closing completed Dec 31, 2024; divestiture to focus on other business opportunities.
FVTI to provide DaXing financial records and 60-day post-closing assistance.

item 1.01 item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Fortune Valley Treasures, Inc. completed a disposition involving Lin Yumin for $250,000 (closed 2024-12-31).

Action: disposition
Counterparty: Lin Yumin
Consideration: $250,000
Closing: 2024-12-31

Exact text from the filing

Group Limited, a Seychelles corporation, including all of its subsidiaries (collectively, “DaXing” ). The purchase price under the DaXing SPA for 100% ownership of DaXing is $250,000, payable by Purchaser by delivery of a $250,000 principal amount promissory note (the “Lin Note” ). The Lin Note bears interest at eight percent (8%) per annum, with principal and

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Source: SEC EDGAR

accession 0001493152-25-001850

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