Business Description

2. ORGANIZATION AND BUSINESS BACKGROUND Marvion Inc. was incorporated in the State of Nevada on March 6, 2008. The Company and its subsidiaries are hereinafter referred to as (the “Company”). Currently, the Company is principally engaged in the logistic services, warehousing service and financial consulting services in Hong Kong. Description of subsidiaries Schedule of description of subsidiaries Name Place of incorporation and kind of legal entity Principal activities and place of operation Particulars of registered/paid up share capital Effective interest held United Warehouse Management Corp. (“UWMC”) British Virgin Islands Investment holding 50,000 ordinary shares at par value of US$1 each 100 % KSK Logistics Limited (“KSK”) Hong Kong Provision of logistic services 1 ordinary share for HK$1 100 % Propose Enterprise Limited (“PEL”) Hong Kong Provision of financing services 100 ordinary shares for HK$100 100 % United Warehouse Management Limited (“UWML”) Hong Kong Provision of warehousing and support activities for transportation 10,000 ordinary shares for HK$10,000 100 %