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