Bonanza Goldfields Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

Marvion Inc., formerly Bonanza Goldfields Corp., is a holding company. The Company operates through its subsidiaries, which are engaged in the lifestyle, media and entertainment creation and distribution, and technology businesses. Using Web3 technologies (including blockchain and metaverse technologies), the Company seeks to provide an end-to-end one-stop solution for brands and content creators. Its segments include Media & Entertainment and Business Consulting. Its Media & Entertainment Segment mainly operates an online platform to sell and distribute the licensed intellectual property (IP) rights and media products to end-users. It sells digital ownership tokens (DOTs) on its MetaStudio, which is operated through its subsidiary, Marvion Group Limited. Its Business Consulting Segment mainly provides financing, business development solutions and related professional services to the customers. It offers business consulting services through Marvion Studio Limited (Marvion Studio).