Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 39

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 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 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 nine months ended September 30,
2025 and 2024:

    Nine Months ended September 30, 
  
    Types of segments/revenue sources 
    2025  
    2024 

    Supply chain segment: 

    Logistic services income 
    $1,212,610  
    $468,142 
  
    Warehousing services income 
     1,093,710  
     403,229 

     2,306,320  
     871,371 
  
    Financial segment: 

    Financial consulting services income