Company: MVNC
Filing Date: 2025-01-21
Form Type: DEF 14C
Source: 0001683168-25-000446
Chunk: 18

Company: Marvion Inc.
Filing Date: 2025-01-21
Form: DEF 14C
Chunk 18
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     | Fees earned or paid in cash 
 ($)                         |     | Stock awards 
 ($)          |     | Option awards 
 ($)           |     | Non-equity incentive plan compensation 
 ($)                                    |     | Change in pension value and nonqualified deferred compensation earnings |     | All other compensation 
                    ($) |   |     |   Total 
     ($) |
| Tan Tee Soo (1) |     | –                           |     | –            |     | –             |     | –                                      |     | –                                                                       |     |                126,000 | * |     | 126,000 |

(1) Tan Tee Soo served as
our director from August 26, 2021, to September 27, 2024. He received compensation in 2023 in connection with consulting services provided.

We currently have no formal plan
for compensating our directors for their services in their capacity as directors, but may elect to provide compensation to such persons
from time to time. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection
with attendance at meetings of our board of directors. Our board of directors may award special remuneration to any director undertaking
any special services on our behalf other than services ordinarily required of a director.

| 11 |

Compensation Risk Management

Our Board of directors and human
resources staff conducted an assessment of potential risks that may arise from our compensation programs. Based on this assessment, we
concluded that our policies and practices do not encourage excessive and unnecessary risk taking that would be reasonably likely to have
material adverse effect on the Company. The assessment included our cash incentive programs, which awards non-executives with cash bonuses
for punctuality. Our compensation programs are substantially identical among business units, corporate functions and global locations
(with modifications to comply with local regulations as appropriate). The risk-mitigating factors considered in this assessment included:

| · | the alignment of pay philosophy, peer group companies and compensation amounts relative to local competitive practices to support our business objectives; and                                    |
| · | effective balance of cash, short- and long-term performance periods, caps on performance-based award schedules and financial metrics with individual factors and Board and management discretion. |

Compensation Committee Interlocks and Insider Participation

We have not yet established a
Compensation Committee. Our Board of Directors performs the functions that would be performed by a compensation committee. During the
fiscal year ended December 31, 2023, none of our executive officers has