Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 75

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 Stock.
    100% held by Lee Ying Chiu Herbert.

Young Chi Kin Eric and Chan Sze Yu will be entitled
to control approximately 91.61% and 0.81%, respectively, of our voting power on matters submitted to a vote of the shareholders. We do
not intend to utilize controlled company exemptions.

Current Revenue Generating Operation

BUSINESS SEGMENT INFORMATION

The following table summarizes revenue from contracts
with customers, disaggregated by revenue source and the related segments, for the three months ended March 31, 2025 and 2024:

    Three Months ended March 31, 
  
    Types of segments/revenue sources 
    2025  
    2024 

    Supply chain segment: 

    Logistic services 
    $288,770  
    $107,548 
  
    Warehousing services 
     286,944  
     134,271 

     575,714  
     241,819 
  
    Financial segment: 

    Financial consulting services 
     65,309  
     27,390 

    $641,023  
    $269,209 

 36 

Revenue Generating Operation in the Near Future
(Next 12 Months). 

We will be accelerating the
B2B logistics and warehousing expansion. Our newly operational warehouse is already delivering value to the group, with a major logistic
partner (which is a HKEX listed company) who is now utilizing our facilities for integrated warehousing and last-mile delivery services.
We have been appointed as the exclusive local delivery partner for SF Express in Yuen Long. – a high-growth district with increasing
e-commerce demand. This collaboration not only locks in recurring revenue but also positions us for further expansion with other logistics
leaders.

Our subsidiary, United Warehouse
Limited has signed a Service Partnership Agreement with Starwarehouse Engineering to install solar PV systems on the roof of our warehouses.
The generated power will be sold to China Light and Power (CLP) at the defined tariff scheme rate, creating an additional long term stable
revenue stream to the group, at the same time reducing our carbon footprint in the society. The partnership is expected to start generating
revenue for the group in mid 2025 and continue until December 31, 2033.

Revenue Generating Operation in the Farther
Future (Beyond the Next 12 Months)

In the future, we are looking
into expanding more into the Business to Consumer