UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 18, 2023, Mr. Bulin Wang tendered his resignation as a member of the board of directors (the “Board”) of Fortune Valley Treasures, Inc. (the “Company”) due to his retirement, effective immediately. Ms. Wang’s resignation was not the result of any disagreement with the Company, the Company’s management or the Board.
On May 18, 2023, the Board accepted the resignation of Bulin Wang. Following Mr. Wang’s resignation, the Board reduced the size of the Board from eight directors to seven directors. The Board appointed director Jianwei Lin to fill the vacancies on the Compensation Committee and the Corporate Governance and Nominating Committee that were created by Mr. Wang’s resignation from the Board. Effective May 18, 2023, Mr. Jianwei Lin will serve as the Chair of the Compensation Committee and a member of the Corporate Governance and Nominating Committee.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: May 18, 2023
| FORTUNE VALLEY TREASURES, INC. | ||
| By: | /s/ Yumin Lin | |
| Name: | Yumin Lin | |
| Title: | Chief Executive Officer | |