Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 92

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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 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 (B2C) business opportunities.

Based on the market expertise
of our management team in the furniture industry, and the cross-border ecommerce growth from China to Hong Kong, we are seeking to develop
a furniture online ecommerce platform which can provide a one-stop furniture shopping experience for consumers. According to Statista,
Hong Kong consumers prefer online shopping and the percentage of consumers choosing to shop online will reach 84.1% by 2027. China has
a mature online furniture ecommerce market, with 50% of consumers in China already purchasing their furniture online. We plan to provide
a rich selection of furniture from the already mature China ecommerce market to the consumers in Hong Kong, with integrated logistics,
delivery and furniture assembly services with a simple press of a button on our future furniture ecommerce platform.

We are also looking into servicing
the cross-border furniture delivery services, providing furniture e-commerce players in mainland China with cost effective services to
deliver their products to customers in Hong Kong. With our extensive experience in handling local furniture delivery, our logistic services
can generate higher-margin storage, delivery, and assembly contracts, as a one-stop service. Leveraging existing e-commerce platforms’
markets reduce our costs to get more orders while giving us exposure to 84% of Hong Kong’s online shoppers. (Statista 2027 Forecast).
We are deferring our previous E-Commerce platform plan due to the near-term market volatility due to the global tariff war. We will retain
the infrastructure built and the efforts spent to look for the opportunity to re