Current Report Filing (8-k)
September 10 2020 - 5:01AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 9, 2020 (August 31, 2020)
FORTUNE
VALLEY TREASURES, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-55555
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32-0439333
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
Number)
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13th
Floor, Building B1, Wisdom Plaza
Qiaoxiang
Road, Nanshan District
Shenzhen,
Guangdong, China
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518000
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (86) 755-86961405
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[
]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act: None.
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
8.01 Other Events.
As
previously disclosed on the Current Report on Form 8-K, on June 22, 2020, Fortune Valley Treasures, Inc. (“FVTI”),
along with Qianhai DaXingHuaShang Investment (Shenzhen) Co., Ltd., a company incorporated in China and a wholly-owned subsidiary
of FVTI (“QHDX”), entered into an equity interest transfer agreement (the “Agreement”) with Dongguan Xixingdao
Technology Co., Ltd. (“Xixingdao”), a company incorporated in China, and the two shareholders of Xixingdao, who collectively
own 100% equity interest of Xixingdao (the “Sellers”). Xixingdao is engaged in the business of drinking water distribution
and delivery in Dongguan City, Guangdong Province, China.
Pursuant
to the Agreement, QHDX agreed to purchase 90% of Xixingdao’s equity interest (the “Equity Transfer”) from the
Sellers in consideration of shares of FVTI’s common stock.
On
August 31, 2020, Xixingdao registered the Equity Transfer with local government authorities in China. The closing of the Equity
Transfer remains subject to additional closing conditions, including the issuance of shares by FVTI to the Sellers.
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:
September 9, 2020
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FORTUNE
VALLEY TREASURES, INC.
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By:
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/s/
Yumin Lin
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Name:
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Yumin
Lin
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Title:
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Chief
Executive Officer, President and Secretary
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Fortune Valley Treasures (PK) (USOTC:FVTI)
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