Item 5. Market for Registrant’s Common Equity
Item
5. Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
Information
There
is a limited public market for our common stock. Prior to trading on the OTC Pink Market quotation system under the symbol “FVTI,”
our common stock had traded on the OTCQB marketplace (“OTCQB”) under the symbol “FVTI.”
OTC
Pink Market securities are not listed or traded on the floor of an organized national or regional stock exchange. Instead, OTC Pink Market
securities transactions are conducted through a telephone and computer network connecting dealers in stocks. OTC Pink Market issuers
are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange.
Stockholders
of Record
As
of March 30, 2023, there were 402 stockholders of record of our issued and outstanding shares of common stock.
Dividends
We
have never declared or paid any cash dividends on our common stock. We anticipate that we will retain any earnings to support operations
and to finance the growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future.
Any future determination relating to our dividend policy will be made at the discretion of our board of directors and will depend on
a number of factors, including future earnings, capital requirements, financial conditions and future prospects and other factors the
board of directors may deem relevant.
We
are a holding company incorporated in the State of Nevada. We may rely on dividends from our subsidiaries in China for our cash requirements,
including any payment of dividends to our shareholders. PRC regulations may restrict the ability of our PRC subsidiaries to pay dividends
to us. Our subsidiaries in China are required to set aside at least 10% of after-tax profits each year, if any, to fund statutory reserve
funds until the accumulative amount of such statutory reserve funds reaches 50% of its registered capital. Upon contribution to the statutory
reserve funds using its post-tax profits, a PRC company may also make further contribution to the discretionary reserve funds using its
post-tax profits in accordance with a resolution of the shareholders meeting. Where the shareholders or the board of directors of a PRC
company violates the provisions of the preceding paragraphs to distribute profits to the shareholders before making up for the losses
and contributing to the statutory reserve funds, the shareholders are required to return such distributed profits to the company.
Securities
Authorized for Issuance under Equity Compensation Plans
We
have not adopted or approved an equity compensation plan. No options, warrants or other convertible securities have been granted outside
of an approved equity compensation plan.
Transfer
Agent and Registrar
The
transfer agent and registrar for our common stock is TranShare Corporation, with an address at Bayside Center 1, 17755 North US Highway
19 Suite 140, Clearwater, FL 33764, telephone number is (303) 662-1112.
Recent
Sales of Unregistered Securities
None.
Purchase
of Equity Securities by the Issuer and Affiliated Purchasers
None.
Item
6. [Reserved]
89
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