Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 74

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 on the rooftops which
can generate solar power and sell to CLP Power Hong Kong Limited under the Feed-in Tariff scheme. This will provide us with a long-term,
stable revenue stream while further reducing its carbon footprint.

Our corporate structure is described
below:

 35 

We are authorized to issue up
to 270,000,000,000 shares of our common stock, par value $0.0001. Our Board has also designated the following classes of preferred stock:
(i) the Series A Preferred Stock,” par value $0.0001, with 10,000,000 authorized shares, all of which are issued and outstanding;
(ii) “Series B Preferred Stock,” par value $0.0001, with 1,000,000 authorized shares, 366,346 of which are issued and outstanding;
and (iii) the “Series C Convertible Preferred Stock,” par value $0.001, with 1 authorized share, all of which are issued and
outstanding. The voting and conversion rights of each series of preferred stock and the beneficial ownership of such securities by insiders
are summarized below:

    Stock 
    Voting Rights 
    Ownership 
  
    Common Stock 
    One vote per share 
    
    4.26% held by Lee Ying Chiu Herbert.
    5.35% held by Young Chi Kin Eric.
    5.22% held by Chan Sze Yu.
  
    Series A Preferred Stock 
    Holders of Series A Preferred Stock are entitled to vote on matters submitted to a vote of the shareholders with each one share having 200 votes. Series A Preferred Stock do not convert into Common Stock.
    100% held by Young Chi Kin Eric. 
  
    Series B Preferred Stock 
    Holders of Series B Preferred Stock have no voting rights, and Series B Preferred Stock do not convert into Common Stock. 
    Approximately 92% held by Lee Ying Chiu Herbert. 
  
    Series C Convertible Preferred Stock 
    
    Holders of Series C Convertible Preferred Stock are generally not allowed
    to vote on an “as converted” basis on matters submitted to holders of the common stock, or any class thereof.
     
    Each one share of Series C Convertible Preferred Stock converts into 9.99%
    of the outstanding shares of common stock less the number of shares of common stock held by the holder; provided that any such optional
    conversion must involve the conversion of all of the holder’s shares of Series C Convertible Preferred