Marvion Inc. Announces CEO Conversion of US$500,000 Performance Bonus into Equity, Signaling Strong Long-Term Confidence

Core Viewpoint - Marvion Inc. has announced a Debt-to-Equity Conversion Agreement where CEO Mr. Chan Sze Yu will convert US$500,000 of receivables into restricted common shares, aligning management's interests with shareholders and demonstrating confidence in the company's future value [1] Group 1: Debt-to-Equity Conversion Agreement - The CEO will convert US$500,000 of outstanding receivables into 14,992,504 restricted common shares at a conversion price of US$0.03335 per share, based on the 15-day average closing price prior to the signing date [1] - The receivable is related to performance milestones achieved by acquired subsidiaries, and the CEO opted for shares instead of cash repayment [1] - This move is intended to strengthen the company's balance sheet, reduce liabilities, and enhance capital flexibility as Marvion expands its operations in Asia and the United States [1] Group 2: Company Overview - Marvion Inc. provides logistics and warehousing services in the Hong Kong market, offering one-stop transport and storage solutions to business clients [1] - The newly issued shares will comply with U.S. securities laws, including Rule 144 resale restrictions, as they are classified as restricted securities [1]