Current Report Filing (8-k)
December 19 2017 - 4:53PM
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): December 18, 2017
Fortune
Valley Treasures, Inc.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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333-200760
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32-0439333
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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19F,
Lianhe Tower, 1069 Nanhai Ave,
Nanshan
District, Shenzhen, 518000, China
(Address
of Principal Executive Offices) (Zip Code)
(86)
75586961406
Registrant’s
telephone number, including area code
(Former Name or Former Address
if
Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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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Item
8.01
Other Events
On
October 13, 2017 Fortune Valley Treasures, Inc. (the “Company”) filed an Amended Preliminary Schedule 14A with the
US Securities and Exchange Commission (the “SEC”). Subsequently, on October 23, we received a comment letter from
the SEC and proceeded to prepare our response to the SEC comment letter and an Amended Preliminary Schedule 14A (the “Schedule
14A”) as required. However, on November 29, 2017, Fortune Valley Treasures, Inc. (the “Company”) received notification
from the SEC that the Public Company Accounting Oversight Board (“PCAOB”) had revoked the registration of our independent
registered public accounting firm, Anthony Kam & Associates Ltd. (“AKAM”) As a result of AKAM’s registration
revocation, effective December 1 2017 and as disclosed in our Form 8-K filed December 6, 2017, the Company dismissed AKAM as the
Company’s auditor.
The
revoking of the auditor’s registration with the PCAOB has rendered the consolidated financial statements audited by Anthony
Kam & Associates Ltd. for the Amended Schedule 14A unusable. We have therefore requested the SEC to withdraw our Schedule
14A.
Additionally,
as reported via a Form 8-K dated December 14, 2016, FVTI executed a Sale and Purchase Agreement (the Agreement”) to acquire
100% of the shares and assets of DaXingHuaShang Investment Group Limited, (“DIGL”) a company incorporated under the
laws of Republic of Seychelles. Pursuant to the Agreement, Fortune Valley Treasures, Inc. has agreed to issue three hundred million
shares of FVTI to DIGL to acquire 100% of the shares and assets of DIGL. Both parties to the Agreement are fully appraised of
the situation regarding AKAM and the subsequent request for the withdrawal of the Schedule 14A and have agreed to proceed with
the Agreement. FVTI and DIGL management are working together to modify the agreement and finalize the acquisition. As result,
the closing has been delayed until March 31, 2018,
Item
9.01
Financial Statements and Exhibits
Exhibit No.
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Description
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None
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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:
December 19, 2017
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Fortune
Valley Treasures, Inc.
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/
s/
Lin Yumin
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Lin
Yumin
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President,
Secretary, Chief Executive Officer, Director
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