Fortune Valley Treasures, Inc. Announces Board Changes
April 09, 2021 at 04:31 pm EDT
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Effective April 9, 2021, the Board of Directors of Fortune Valley Treasures, Inc. appointed Bulin Wang, Bin Li, Jianwei Lin, Yumei Liu, Chaoping Chen and Ramesh Ruben Louis to the Board of the Registrant as independent directors. In addition, the Board also appointed Minghua Cheng as a director of the Registrant. Mr. Lin, Ms. Liu and Mr. Louis will each serve on the Board's Audit Committee; Dr. Li, Ms. Liu and Mr. Wang will each serve on the Compensation Committee; and Dr. Li, Ms. Chen and Mr. Wang will each serve on the Nominating and Corporate Governance Committee. Each such director is independent under the rules of the SEC and NASDAQ. Mr. Lin will serve as the chair of the Audit Committee, Dr. Li will chair the Nominating and Corporate Governance Committee, and Mr. Wang will chair the Compensation Committee.
Fortune Valley Treasures Inc is a Canada-based company engaged in alcohol distribution business sector. The Company through its subsidiaries, engages in the business of retail and wholesale of a wide spectrum of wine products in China and Hong Kong. It offers a variety of wine products, including dry red wine, dry white wine, rose wine, sweet wine and more. The Company sells about 40 kinds of different brands of wine, most of which are imported from France and Spain. Its product portfolio is comprised of wines relevant particularly to Chinese customers, such as Le Petit Tour, Los Beceux, Sorlada, Lapso, Saint Martin, Seguelongue and Saint Emilion.