- Business
- Lvpai Group Limited operates as a shell company with no significant current operations, seeking business combinations through mergers, acquisitions, reverse mergers, or asset purchases with operating businesses primarily in the United States; it previously offered liquidity provision, technology solutions, and brokerage services to professional traders, FX brokers, and partners. Incorporated in 1987 and headquartered at 50 West Liberty Street, Suite 880, Reno, Nevada 89501, the company changed its name from Finotec Group, Inc. in March 2021 and has remained dormant since November 2011. Recent developments include a change of control on December 1, 2023, via private transactions where Chen Yuanhang acquired 2,000,000 Series A Preferred shares and 20,000,000 common shares for $89,000 from Yang Fuzhu, granting Chen approximately 65.36% voting control; appointment of Wei Zurui as Chief Financial Officer and Director on December 1, 2023, following Zhang Wenmin's resignation; appointment and subsequent resignation of Xu Ni as director in July and October 2024, respectively; custodianship by Custodian Ventures LLC in March 2020 resolved prior to these changes; and ongoing funding through interest-free demand loans from related parties Chen Yuanhang and Yang Fuzhu to cover operating expenses amid zero revenues and accumulated losses exceeding $19.7 million as of July 31, 2025. The company trades on OTC Pink Sheets under ticker LVPA with 100,103,103 common shares and 8,000,000 Series A Preferred shares outstanding.