Marwynn Holdings Signs Letter of Intent to Acquire Majority Stake in DJ Mex Corp., Expanding EcoLoopX Circular Supply-Chain Platform

Rhea-AI Summary

Marwynn Holdings (Nasdaq:MWYN) signed a non-binding Letter of Intent on February 10, 2026 to acquire a 51% equity interest in DJ Mex Corp., a U.S. electronic-waste sourcing, logistics, and recyclable-materials trading company.

The proposed deal would fold DJ Mex into Marwynn's EcoLoopX asset-light platform, expanding sourcing, logistics coordination, cross-border operations (U.S., Latin America, Asia), and commercial trading facilitation. The LOI is subject to due diligence, negotiation of definitive agreements, and customary closing conditions; there is no assurance the transaction will close as proposed.

Positive

• LOI to acquire 51% equity interest in DJ Mex (majority stake)
• Asset-light expansion of EcoLoopX into e-waste sourcing and trading
• Cross-border operations support between United States, Latin America, and Asia

Negative

• Transaction is a non-binding LOI and may not be completed as proposed
• EcoLoopX is non-operational for physical processing, limiting control over recycling/dismantling activities

Key Figures

Stake in DJ Mex: 51% equity interest Share price: $0.8167 52-week high: $11.20 +2 more

5 metrics

Stake in DJ Mex 51% equity interest Proposed majority acquisition per non-binding LOI

Share price $0.8167 Pre-news current price on 2026-02-10

52-week high $11.20 52-week high level before this LOI

52-week low $0.671 52-week low level before this LOI

Today’s volume 24,729 shares Roughly 50% of 20-day average volume 49,531

Market Reality Check

Price: $0.8372 Vol: Volume 24,729 is 50% of t...

low vol

$0.8372 Last Close

Volume Volume 24,729 is 50% of the 20-day average 49,531, suggesting muted pre‑news activity. low

Technical Shares at $0.8167 are trading below the 200-day MA of $1.95 and far under the $11.20 52-week high.

Peers on Argus

MWYN showed a small move of -0.34% while only one scanned peer (FGI) appeared in...

1 Up

MWYN showed a small move of -0.34% while only one scanned peer (FGI) appeared in momentum data, up 4.24% without news, indicating this LOI looks stock-specific rather than part of a coordinated sector move.

Historical Context

2 past events · Latest: Nov 24 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 24	E-waste expansion	Positive	-1.0%	Announced launch of asset-light E-Waste Reverse Supply Chain service offering.
Sep 26	Underwriter update	Positive	-1.7%	Underwriter highlighted IPO success including Marwynn, signaling capital markets profile.

Pattern Detected

Recent E‑Waste expansion headlines were followed by modest negative 24h reactions despite strategic positioning language.

Recent Company History

Over the past several months, Marwynn has been repositioning toward an asset-light e‑waste reverse supply‑chain model. On November 24, 2025, it announced expansion into an E‑Waste Reverse Supply Chain business, focusing on sourcing, logistics, trading facilitation, documentation, and commercial operations without physical processing; shares fell 0.99% over 24 hours. A September 2025 article highlighted its IPO underwriter’s growth and referenced Marwynn’s listing, with MWYN down 1.74% after that news. Today’s LOI to acquire 51% of DJ Mex fits this ongoing strategic shift toward the EcoLoopX platform.

Market Pulse Summary

This announcement outlines a non-binding LOI for Marwynn to acquire a 51% stake in DJ Mex, deepening...

Analysis

This announcement outlines a non-binding LOI for Marwynn to acquire a 51% stake in DJ Mex, deepening its EcoLoopX E‑Waste Reverse Supply Chain platform. It follows the November 24, 2025 expansion into asset-light e‑waste services and fits the strategy of avoiding physical processing while focusing on sourcing, logistics, and trading. Investors may watch for definitive transaction terms, expected financial impact, progress on Nasdaq minimum bid compliance, and execution milestones within EcoLoopX.

Key Terms

letter of intent, loi, circular-economy

3 terms

letter of intent financial

"today announced the signing of a non-binding Letter of Intent ("LOI") to acquire a 51% equity"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

loi financial

"signing of a non-binding Letter of Intent ("LOI") to acquire a 51% equity interest in DJ Mex"

A letter of intent (LOI) is a short, nonbinding written note that outlines the basic terms two parties expect to follow when pursuing a deal such as an acquisition, partnership, or major contract. Like a handshake that records the main points before lawyers write the formal agreement, an LOI signals deal intent, timelines and key conditions — information investors use to gauge potential changes to a company’s value, while remembering the agreement can still change.

circular-economy technical

"a scalable supply-chain, technology, and circular-economy platform, today announced the signing"

A circular economy is an approach that keeps products, materials and components in use for as long as possible through reuse, repair, remanufacturing and recycling instead of discarding them. For investors it matters because companies that adopt these practices can lower input and waste costs, create new revenue streams from services and refurbished goods, and reduce regulatory, supply and reputational risks—think of it like a lending library or repair shop that stretches the life of every item.

AI-generated analysis. Not financial advice.

IRVINE, CA / ACCESS Newswire / February 10, 2026 / Marwynn Holdings, Inc. (Nasdaq:MWYN) ("Marwynn" or the "Company"), a scalable supply-chain, technology, and circular-economy platform, today announced the signing of a non-binding Letter of Intent ("LOI") to acquire a 51% equity interest in DJ Mex Corp. ("DJ Mex"), a U.S.-based company specializing in electronic-waste sourcing, logistics coordination, and recyclable materials trading.

The proposed transaction represents a strategic step toward expanding Marwynn's EcoLoopX platform, a non-operational "E-Waste Reverse Supply Chain" service that includes sourcing, logistics coordination, trading facilitation, documentation management, and commercial operations related to electronic waste and recyclable materials, without engaging in any physical processing, dismantling, recycling, or hazardous operations.

Proposed Acquisition Highlights

The proposed acquisition is expected to:

• Strengthen Marwynn's circular-economy and recyclable-materials supply-chain network;

• Expand sourcing and aggregation capabilities for electronic waste and recyclable materials;

• Enhance logistics coordination and commercial trading facilitation;

• Support cross-border supply-chain operations between the United States, Latin America, and Asia; and

• Accelerate the growth of the Company's EcoLoopX asset-light platform.

"Signing this LOI is an important milestone in the expansion of our EcoLoopX platform, which enhances Marwynn's ability to reposition its portfolio toward higher-value, recurring-revenue activities," said Yin Yan, Chief Executive Officer of Marwynn. "DJ Mex brings a strong operating foundation, experienced management team, and established commercial network, which will serve us well as we continue to grow our business and create long-term value."

Jeff Yang, Chief Executive Officer of DJ Mex Corp., commented, "We are excited about the opportunity to partner with Marwynn, while becoming part of a Nasdaq-listed company. We expect this transaction to provide DJ Mex with additional resources, strategic support, and access to capital markets to accelerate our growth, while providing Marwynn with an expanded set of services for their customers."

Transaction Overview

Key elements of the proposed transaction include:

• A non-binding LOI, under which Marwynn would acquire 51% of the issued and outstanding equity interests of DJ Mex, subject to due diligence, successful negotiation of definitive agreements, and customary closing conditions. There can be no assurance that a definitive agreement will be executed, or that the transaction will be completed on the proposed terms or at all;

• Upon completion, DJ Mex is expected to operate as a majority-owned subsidiary within Marwynn's EcoLoopX platform;

• Integration of DJ Mex into Marwynn's existing EcoLoopX platform;

• Continuation of DJ Mex's existing management team and operations; and

• Expansion of commercial and supply-chain collaboration.

About Marwynn Holdings, Inc.

Marwynn Holdings, Inc. is a Nasdaq-listed company focused on developing scalable platforms across supply-chain management, technology, and circular-economy sectors. Through its EcoLoopX platform, the Company aims to build an asset-light global network connecting sourcing, logistics, and commercial operations within the recyclable-materials and reverse supply-chain ecosystem. Learn more at https://www.marwynnholdings.com/.

About DJ Mex Corp.

DJ Mex Corp. is a U.S.-based company engaged in electronic-waste sourcing, logistics coordination, and recyclable-materials trading. The company provides supply-chain and commercial support services connecting upstream suppliers with licensed downstream processors, and maintains established relationships across North American and international markets.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; the risk that a definitive agreement may not be executed or that the proposed transaction may not be completed to successfully acquire 51% of DJ Mex; and, if completed, that the transaction may not generate the anticipated synergies; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigations; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 10-K, filed with the SEC on August 8, 2025, and as revised or updated in subsequent filings, including current reports on Form 8-K. The forward-looking statements are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Investor Relations Contact:
PondelWilkinson Inc.
Judy Lin or Laurie Berman
310-279-5980
info@marwynnholdings.com

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SOURCE: Marwynn Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

What did Marwynn (MWYN) announce on February 10, 2026 regarding DJ Mex?

Marwynn announced a non-binding LOI to acquire a 51% equity interest in DJ Mex. According to the company, the deal would integrate DJ Mex into EcoLoopX pending due diligence and definitive agreements, with no assurance the transaction will close as proposed.

How will the proposed DJ Mex acquisition affect Marwynn's EcoLoopX platform (MWYN)?

The acquisition is intended to expand EcoLoopX's sourcing and trading capabilities for e-waste and recyclable materials. According to the company, DJ Mex would add logistics coordination and commercial networks to support cross-border supply chains across the U.S., Latin America, and Asia.

Is the Marwynn (MWYN) agreement to buy DJ Mex final and binding?

No, the agreement is a non-binding Letter of Intent and is not final. According to the company, completion depends on due diligence, negotiation of definitive agreements, and customary closing conditions, so the transaction may not occur as described.

Will DJ Mex continue operating after the proposed Marwynn (MWYN) acquisition?

Yes, DJ Mex is expected to operate as a majority-owned subsidiary and retain its management team. According to the company, operations and commercial collaboration would continue under integration into the EcoLoopX platform, subject to closing conditions.

What parts of the e-waste value chain will Marwynn (MWYN) gain from DJ Mex?

Marwynn would gain e-waste sourcing, aggregation, logistics coordination, and recyclable-materials trading facilitation. According to the company, EcoLoopX remains asset-light and will not engage in physical processing, dismantling, or hazardous operations as part of this expansion.