Marvion acquires UWMC for 148M shares plus $5.5M earn-out

Marvion Inc.

Issued 148,148,148 common shares to UWMC shareholders in exchange for all of UWMC's 4,000 outstanding shares.
Earn-out payments of up to $5.5M in interest-free promissory notes upon UWMC achieving net income milestones over nine 6-month periods.
CEO Chan Sze Yu is a selling shareholder; Young Chi Kin Eric (10M Series A Preferred shares, 200 votes each) also sells.
Closing expected on or before September 30, 2024, subject to conditions.

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