Company: MVNC
Filing Date: 2025-01-21
Form Type: DEF 14C
Source: 0001683168-25-000446
Chunk: 21

Company: Marvion Inc.
Filing Date: 2025-01-21
Form: DEF 14C
Chunk 21
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 review of our financial statements and that are not reported as audit fees, services rendered in connection with tax compliance, tax
advice and tax planning, and all other fees for services rendered.

|                    |     |   | December 31, 2023 |     |   | December 31, 2022 |
|:-------------------|:----|:--|------------------:|:----|:--|------------------:|
| Audit fees         |     | $ |            75,000 |     | $ |            45,000 |
| Audit related fees |     |   |                 – |     |   |                 – |
| Tax fees           |     |   |                 – |     |   |                 – |
| All other fees     |     |   |                 – |     |   |                 – |
| Total              |     | $ |            75,000 |     | $ |            45,000 |

Report of the Board Performing the Duties of the Audit Committee

Our Board of Directors has reviewed
and discussed the audited financial statements with management. The Board has discussed with the independent auditors the matters required
to be discussed by the statement on Auditing Standards No. 61, as amended and adopted by the Public Company Accounting Oversight Board
in Rule 3200T. It has received the written disclosures and the letter from the independent accountant required by applicable requirements
of the Public Company Accounting Oversight Board regarding the independent accountant’s communications with the Audit Committee
concerning independence and has discussed with the independent accountant the independent accountant’s independence. Based upon
the foregoing review and discussions, the Board recommended that the audited consolidated financial statements be included in the company’s
Annual Report on Form 10K for the year ended December 31, 2023.

| 14 |

<div align='center'>STOCKHOLDER ACTION NO. 3

RATIFICATION OF THE 2023 PLAN</div>

Background of and Reasons for Ratifying the Adoption of the 2023 Plan

On September 19, 2023, the
board of directors of the Company approved the Marvion Inc. 2023 Stock Incentive Plan (the “2023 Plan”). The 2023 Plan provides
for the grant of awards to eligible employees, directors, consultants, independent contractors, and advisors in the form of options,
restricted stock, restricted stock units, stock appreciation rights, performance awards, other stock-based awards or dividend equivalents
(each,