Marvion Inc. issues 15.8M restricted shares to settle $3.95M subsidiary debt

Marvion Inc.

Issued 15,816,576 restricted common shares at $0.0321 per share to Ng Chun Man as full settlement of $3,950,000 debt owed by subsidiary United Warehouse Management.
Per-share price based on 7-day average closing price of MVNC common stock prior to December 30, 2025.
Shares are Rule 144 restricted; no anti-dilution or price adjustment mechanisms apply.
Debt arose from engineering and warehouse services provided by Star Warehouse Engineering Limited to the subsidiary.
Board approved agreement on December 30, 2025; settlement shares to be delivered within 30 business days.

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