Bonanza Goldfield Corps Transforms into Marvion Inc.: Ticker Change to MVNC, Marks New Era of Innovation

SINGAPORE, Aug. 31, 2023

Marvion Inc. is a Metaverse Blockchain company that is dedicated to redefining digital ownership and engagement. This strategic evolution reflects the company's commitment to embracing emerging technologies and shaping the future of digital assets and virtual experiences. The change in the company's name and ticker symbol is a significant milestone that highlights Marvion's focus on innovation and its aspiration to lead the way in the dynamic world of blockchain and digital asset advancements.

"We are thrilled to introduce Marvion Inc. to the world," stated Chan Man Chung, CEO of Marvion. "This evolution is more than just a name change; it represents our dedication to pushing the boundaries of digital ownership and engagement. The name change to Marvion Inc. reflects the company's evolving focus on Metaverse Blockchain technology and its dedication to creating a seamless and immersive digital ecosystem. Marvion Inc. will continue to provide cutting-edge solutions that enable individuals and businesses to thrive and interact with digital assets in the rapidly growing metaverse landscape."

For more information about Marvion Inc. and its transformative Metaverse Blockchain solutions, please visit www.marvion.media.

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 17, 2023. 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.

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