Marvion announced the appointment of new CEO

Rhea-AI Summary

Marvion, a blockchain technology pioneer, has appointed Mr. Chan Sze Yu as its new CEO effective July 8, 2024. Mr. Chan, aged 39, brings over 20 years of experience in the furniture and logistics sectors. He founded Ocean Transportation Development in 2017 and KSK Logistics in 2023. His previous CEO roles include Furniture Station and M2 Home. Chan aims to drive Marvion's growth by expanding into profitable business opportunities and enhancing shareholder value. He emphasized the need for market adoption of Marvion’s DOT platform and plans to unveil new business development strategies soon.

Positive

• Appointment of a CEO with a strong background in operational management and entrepreneurship.
• Mr. Chan's extensive experience in furniture and logistics industries can bring new insights.
• Focus on expanding profitable business opportunities.
• Commitment to increasing shareholder value.
• Plans to announce new business development strategies shortly.

Negative

• Potential challenges in market adoption of the DOT platform.

SINGAPORE, July 8, 2024 /PRNewswire/ -- Marvion Inc., (OTC: MVNC), a leading innovator in blockchain technology, is excited to announce the appointment of Mr. Chan Sze Yu as the CEO of the group.

Mr. Chan has over 20+ years of practical experiences in the furniture and logistics industries.  At the age 39, while still young and energetic, Mr. Chan has been holding operational management position in local top home furniture and appliances sales and distributor DSC Direct Sale Centre and other furniture companies during his early career years.  Mr. Chan founded Ocean Transportation Development Ltd. in 2017 to start his entrepreneur journey, and later founded KSK Logistics Limited in 2023.  Before joining Marvion, Mr. Chan is also holding CEO positions at Furniture Station, M2 Home, Power King Cross Border Company Limited and a few other furniture and logistics companies.  Mr. Chan has extensive experience and knowledge in the consumer markets as well as cross-border logistics operations.

"I am excited to have this opportunity to join the Marvion group," said Mr. Chan Sze Yu.  "I am looking forward to contribute to the growth of the group in expanding into more profitable business opportunities.  DOT is a new technological platform and product which still need some more times for the market to understand and adopt, and be able to fully utilize its functions and values.  We will build up a company which include something which the market needs us today, while continue to develop business, technology and market for the future.  As the CEO, my goal is very simple, to increase the share values of our shareholders and investors.  We will be announcing a number of new business development plan and actions shortly which we believe they will be welcomed by our shareholders and the market.  We are doing something which the markets need to use and be serviced under the current market and economic conditions, both in the B2B and B2C scopes."

Forward Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Singapore and Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that MVNC is a holding company that may not realize the expected benefits of DOT's offered by Marvion™️. A further list and description of these risks, uncertainties and other risks can be found in MVNC's regulatory filings with the U.S. Securities and Exchange Commission, including in its annual report on Form 10-K filed on April 16, 2024. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MVNC undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

For media queries, please contact:
media@marvion.media

About Marvion Inc.

Marvion Inc. is a Nevada holding company that through its subsidiaries are engaged in the media distribution business. Specifically, we provide authentication, valuation and certification ("AVC") service, sale and purchase, hire purchase, financing, custody, security and exhibition ("CSE") services to buyers of movie and music media through traditional channels as well as through leveraging blockchain technology through the creation of digital ownership tokens ("DOTs").

The group is building an ecosystem and a metaverse for the media and entertainment industry that implements and adopts blockchain and NFT technologies, through mergers and acquisitions.

It is one of the first public-listed Web 3.0 group with market-leading technologies and ecosystem that aims to be the driver behind the world's transition into Web 3.0. We offer services, access and content and provide the necessary tools for creators to create unique content in the Web 3.0.

More Information about Marvion™️:

Website:          www.marvion.media
Facebook:       www.facebook.com/marvionmetaverse
Instagram:      www.instagram.com/marvion.media
Twitter:            www.twitter.com/marvion_media
LinkedIn:         www.linkedin.com/company/marvion
Telegram:        https://t.me/c/1714353647

View original content:https://www.prnewswire.com/news-releases/marvion-announced-the-appointment-of-new-ceo-302190404.html

SOURCE Marvion Inc.

FAQ

Who is the new CEO of Marvion?

Mr. Chan Sze Yu has been appointed as the new CEO of Marvion.

What experience does the new Marvion CEO have?

Mr. Chan Sze Yu has over 20 years of experience in furniture and logistics industries, including founding Ocean Transportation Development and KSK Logistics.

What are the new CEO's plans for Marvion?

Mr. Chan plans to expand into profitable business opportunities and enhance shareholder value. He will also focus on the market adoption of Marvion's DOT platform.

When was the new CEO of Marvion announced?

The appointment of Mr. Chan Sze Yu as CEO was announced on July 8, 2024.

What is the stock symbol for Marvion?

The stock symbol for Marvion is BONZ.