Company: MVNC
Filing Date: 2025-01-10
Form Type: PRE 14C
Source: 0001683168-25-000215
Chunk: 11

Company: Marvion Inc.
Filing Date: 2025-01-10
Form: PRE 14C
Chunk 11
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 will be forwarded
to our Board of Directors, the specified committee or the specified individual director, as appropriate.

Board Leadership Structure

We have designated CHAN Sze Yu
to serve as executive member of the Board upon re-election to the Board. As the Chief Executive Officer, Chief Financial Officer, Secretary
and Director of the Company, we believe that Mr. Chan will bring to the Board extensive experience and familiarity with our business in
particular and its industries generally. We believe this background enhances the role of executive members of the Board in the development
of long-term strategic plans and oversight of senior management in the implementation of those plans.

As our business operations and
processes mature, we expect to appoint independent directors as suitable candidates become available. We anticipate that these independent
directors will comprise and chair our future Compensation Committee, Audit Committee and the Nominating and Governance Committee as they
are established. Each such independent directors will have with opportunities to meet in executive sessions without management present
at the time of each regular Board meeting and additionally as deemed appropriate or necessary. Because Mr. Chan is not independent under
NASDAQ standards, the chair at these executive sessions will rotate among the chairman of the Compensation Committee, the Audit Committee
and the Nominating and Governance Committee. We believe that this structure will allow multiple directors to exercise important leadership
roles, and will also provide for focused engagement by the Board committees and their chairs in their respective areas of responsibility.
We believe that this structure, once established, will help facilitate clear and open communications between the Board of Directors and
senior management, while providing for active oversight by independent directors.

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Board’s Role in Risk Oversight

Our management team is primarily
responsible for the day-to-day assessment and management of the Company’s risk exposure. The Board of Directors provides oversight
in connection with these efforts, with a particular focus on the most significant risks facing us. The Board of Directors believes that
communication between the management team and the Board of Directors is essential for both effective risk management and for meaningful
oversight. To this end, the Board of Directors meets with our Chief Executive Officer and the other members of our senior management team
to discuss strategies, key challenges, and risks and opportunities for us. Management team members make themselves available to the Board
of Directors to answer questions regarding the Company’s most significant issues, including risks affecting the Company.

In order to help facilitate its
risk oversight responsibilities, the Board of Directors intends to utilize each of its committees when formed