Marvion subsidiary signs 3-year storage lease worth HKD 420K/month (~$53.8K)

Marvion Inc.

UWML, a Marvion subsidiary, entered a 3-year Storage Service Agreement with Lei Tat Trading, starting Nov 16, 2024.
Monthly fee HKD 420,000 (~USD $53,846) for 30,000 sq ft warehouse space; deposit HKD 1,260,000.
Agreement automatically renews for one year unless terminated with 3 months' notice; early termination restrictions within first 33 months.
Marvion's subsidiary must apply for change of use to 'Proposed Temporary Storage of Construction Materials' within 2 months.

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