Bonanza Goldfields swaps 218.6M shares for 5.15% stake in China Information Technology

Marvion Inc.

BONZ to acquire 26,520,386 ordinary shares (5.15%) of Hong Kong-listed CITD (8178.HK).
Consideration: 218,574,609 BONZ shares, representing 11.25% of BONZ's outstanding common stock.
Transaction expected to close 90 days from Oct 25, 2022, subject to regulatory approvals and FINRA authorization.
BONZ must increase authorized shares to 2.7 billion, pending FINRA approval.
Share swap structured via SPV (King Vision Group); no cash involved.

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