Company: MVNC
Filing Date: 2025-01-10
Form Type: PRE 14C
Source: 0001683168-25-000215
Chunk: 32

Company: Marvion Inc.
Filing Date: 2025-01-10
Form: PRE 14C
Chunk 32
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 to attract, retain and motivate highly qualified executives and employees. We further believe that the awards
granted under the 2023 Plan have provided an effective inducement to incentivize plan participants to pursue our goals and objectives,
including the creation of long-term value for our stockholders. The Board has determined that the 2023 Plan as amended by the Plan Amendment
is in the best interests of the Company and its stockholders.

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<div align='center'>STOCKHOLDER ACTION NO. 5

ADVISORY, NON-BINDING VOTE ON EXECUTIVE COMPENSATION (SAY-ON-PAY)</div>

The Dodd-Frank Wall Street Reform
and Consumer Protection Act, or the Dodd-Frank Act, requires us to periodically seek a non-binding advisory vote from our stockholders
to approve the compensation as disclosed in the Compensation Discussion & Analysis (CD&A), tabular disclosures and narrative
sections accompanying the tabular disclosures in this proxy statement. Since the required vote is advisory, the result of the vote is
not binding upon the Board. Accordingly, the Voting Stockholders approved the following advisory resolution December __, 2024:

“RESOLVED FURTHER, that the stockholders of Marvion Inc. approve, on an advisory basis, the compensation awarded by the company to the named executive officers, as disclosed in the Compensation Discussion and Analysis, tabular disclosures, and other narrative executive compensation disclosures in the information statement for the 2024 Stockholders Action as required by the rules of the Securities and Exchange Commission;”

The Board of Directors has created
a compensation program designed to attract, motivate and retain the qualified executives that help ensure the Company’s future success,
to provide incentives for increasing profits by awarding executives when individual and corporate goals are achieved and to align the
interests of executives and long-term stockholders.

The CD&A beginning on page
10 of this proxy statement describes in more detail how our executive compensation policies and procedures operate and are designed to
achieve our compensation objectives, as well as the accompanying Summary Compensation Table and other related compensation tables and
narrative which provide detailed information on the compensation of our named executive officers. The Board of Directors believes that
the policies and procedures articulated in the CD&A are effective in achieving our goals and that the compensation of our named executive
officers reported in this proxy statement reflects and supports these compensation policies and procedures.

Effect of Proposal

The proposal described above,
commonly known as a “Say-on-P