Company: MVNC
Filing Date: 2025-01-21
Form Type: DEF 14C
Source: 0001683168-25-000446
Chunk: 32

Company: Marvion Inc.
Filing Date: 2025-01-21
Form: DEF 14C
Chunk 32
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 attract, retain and motivate the talent that is critical to driving our success. Payment of cash
incentives would then reduce the cash available for product development, marketing, operations, and other corporate purposes.

We believe that our continued
ability to offer equity incentive awards under the 2023 Plan are critical to our ability to continue to attract, motivate, and retain
highly qualified executives and employees. We believe that the 2023 Plan has been an effective component of our compensation program and
has heightened our ability to attract, retain and motivate highly qualified executives and employees. We further believe that the awards
granted under the 2023 Plan have provided an effective inducement to incentivize plan participants to pursue our goals and objectives,
including the creation of long-term value for our stockholders. The Board has determined that the 2023 Plan as amended by the Plan Amendment
is in the best interests of the Company and its stockholders.

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<div align='center'>STOCKHOLDER ACTION NO. 5

ADVISORY, NON-BINDING VOTE ON EXECUTIVE COMPENSATION (SAY-ON-PAY)</div>

The Dodd-Frank Wall Street Reform
and Consumer Protection Act, or the Dodd-Frank Act, requires us to periodically seek a non-binding advisory vote from our stockholders
to approve the compensation as disclosed in the Compensation Discussion & Analysis (CD&A), tabular disclosures and narrative
sections accompanying the tabular disclosures in this proxy statement. Since the required vote is advisory, the result of the vote is
not binding upon the Board. Accordingly, the Voting Stockholders approved the following advisory resolution December 28, 2024:

“RESOLVED FURTHER, that the stockholders of Marvion Inc. approve, on an advisory basis, the compensation awarded by the company to the named executive officers, as disclosed in the Compensation Discussion and Analysis, tabular disclosures, and other narrative executive compensation disclosures in the information statement for the 2024 Stockholders Action as required by the rules of the Securities and Exchange Commission;”

The Board of Directors has created
a compensation program designed to attract, motivate and retain the qualified executives that help ensure the Company’s future success,
to provide incentives for increasing profits by awarding executives when individual and corporate goals are achieved and to align the
interests of executives and long-term stockholders.

The CD&A beginning on page
10 of this proxy statement describes in more detail how our executive compensation policies and procedures operate and are