Marvion Inc. Announces CEO Conversion of US$500,000 Performance Bonus into Equity, Signaling Strong Long-Term Confidence

Rhea-AI Summary

Marvion (OTCQB:MVNC) announced that CEO Chan Sze Yu will convert US$500,000 of outstanding receivables into restricted common shares under a Debt-to-Equity Conversion Agreement dated Dec 3, 2025. The conversion price was set at US$0.03335 per share (15-day average), resulting in issuance of 14,992,504 restricted common shares to the CEO.

The company said the conversion reduces liabilities by US$500,000, strengthens the balance sheet, enhances capital flexibility, and aligns management and shareholder interests. The newly issued shares are restricted and subject to applicable U.S. securities laws including Rule 144 resale restrictions.

Positive

• Converted US$500,000 liability into equity
• Issued 14,992,504 restricted common shares to CEO
• Conversion price set at US$0.03335 per share
• Company states improved balance sheet and capital flexibility

Negative

• Issuance of 14,992,504 shares may dilute existing shareholders
• Restricted shares subject to Rule 144 resale limitations

HONG KONG, Dec. 3, 2025 /PRNewswire/ -- Marvion Inc. (OTCQB:MVNC) is pleased to announced that its Chief Executive Officer, Mr. Chan Sze Yu, has entered into a definitive Debt-to-Equity Conversion Agreement, under which he will convert US$500,000 of outstanding receivables owed by the Company into restricted common shares.

Under the terms of the agreement, the conversion price is based on the 15-day average closing price immediately prior to the signing date, calculated as US$0.03335 per share, resulting in the issuance of 14,992,504 restricted common shares to the CEO.

The receivable relates to consideration owed upon the acquired subsidiaries achieving pre-agreed performance milestones. Instead of claiming cash repayment, the CEO has voluntarily chosen to receive shares, further aligning management's interests with shareholders and demonstrating confidence in the Company's future value.

Mr. Chan Sze Yu, CEO of Marvion Inc., commented,

"Choosing equity over cash is a reflection of my strong belief in Marvion's long-term growth trajectory. I am fully aligned with our shareholders, and I want my compensation to reflect my commitment to the Company's future."

The Company stated that the conversion strengthens its balance sheet, reduces liabilities, and enhances capital flexibility as Marvion continues to expand its warehousing, logistics, and consulting operations in Asia and the United States.

The newly issued shares are classified as restricted securities and will comply with all applicable U.S. securities laws, including Rule 144 resale restrictions.

About Marvion

Mavion Inc. (OTCQB: MVNC) is a group provides logistics and warehousing services in the Hong Kong market. The group provides one-stop transport and storage solutions to business clients.

Website: http://www.unitedksk.com

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SOURCE Marvion Inc.

FAQ

What did Marvion (MVNC) announce on December 3, 2025 about the CEO conversion?

Marvion announced CEO Chan Sze Yu will convert US$500,000 of receivables into 14,992,504 restricted common shares at US$0.03335 per share.

How many shares will MVNC issue to the CEO under the Dec 3, 2025 agreement?

The company will issue 14,992,504 restricted common shares to the CEO as part of the conversion.

What is the conversion price used in MVNC's CEO debt-to-equity deal on Dec 3, 2025?

The conversion price was based on the 15-day average closing price and calculated as US$0.03335 per share.

How does the MVNC CEO conversion affect the company's balance sheet?

The conversion reduces liabilities by US$500,000 and, according to the company, strengthens the balance sheet and capital flexibility.

Are the shares issued to the CEO of MVNC immediately tradable?

No; the newly issued shares are classified as restricted securities and will comply with U.S. securities laws, including Rule 144 resale restrictions.