Company: MVNC
Filing Date: 2025-01-10
Form Type: PRE 14C
Source: 0001683168-25-000215
Chunk: 20

Company: Marvion Inc.
Filing Date: 2025-01-10
Form: PRE 14C
Chunk 20
---
 $ |            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

ADOPTION OF THE 2023 PLAN</div>

Background of and Reasons for Adopting 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,
an award). This summary is not a complete description of all provisions of the 2023 Plan and is qualified in its entirety by reference
to the 2023 Plan, which is filed as to this Information Statement.

The 2023 Plan was approved by
the Voting Stockholders on December 28, 2024, in order to ensure (i) favorable federal income tax treatment for grants of incentive stock
options under Section 422 of the United States Internal Revenue Code of 1986