Marwynn Holdings Signs LOI To Acquire A 51% Equity Interest In DJ Mex Corp

Marwynn Holdings, Inc. (NASDAQ:MWYN) ("Marwynn" or the "Company"), a scalable supply-chain, technology, and circular-economy platform, today announced the signing of a non-binding Letter of Intent ("LOI") to acquire a 51% equity interest in DJ Mex Corp. ("DJ Mex"), a U.S.-based company specializing in electronic-waste sourcing, logistics coordination, and recyclable materials trading.

The proposed transaction represents a strategic step toward expanding Marwynn's EcoLoopX platform, a non-operational "E-Waste Reverse Supply Chain" service that includes sourcing, logistics coordination, trading facilitation, documentation management, and commercial operations related to electronic waste and recyclable materials, without engaging in any physical processing, dismantling, recycling, or hazardous operations.

Proposed Acquisition Highlights

The proposed acquisition is expected to:

Strengthen Marwynn's circular-economy and recyclable-materials supply-chain network;

Expand sourcing and aggregation capabilities for electronic waste and recyclable materials;

Enhance logistics coordination and commercial trading facilitation;

Support cross-border supply-chain operations between the United States, Latin America, and Asia; and

Accelerate the growth of the Company's EcoLoopX asset-light platform.

"Signing this LOI is an important milestone in the expansion of our EcoLoopX platform, which enhances Marwynn's ability to reposition its portfolio toward higher-value, recurring-revenue activities," said Yin Yan, Chief Executive Officer of Marwynn. "DJ Mex brings a strong operating foundation, experienced management team, and established commercial network, which will serve us well as we continue to grow our business and create long-term value."

Jeff Yang, Chief Executive Officer of DJ Mex Corp., commented, "We are excited about the opportunity to partner with Marwynn, while becoming part of a Nasdaq-listed company. We expect this transaction to provide DJ Mex with additional resources, strategic support, and access to capital markets to accelerate our growth, while providing Marwynn with an expanded set of services for their customers."

Transaction Overview

Key elements of the proposed transaction include:

A non-binding LOI, under which Marwynn would acquire 51% of the issued and outstanding equity interests of DJ Mex, subject to due diligence, successful negotiation of definitive agreements, and customary closing conditions. There can be no assurance that a definitive agreement will be executed, or that the transaction will be completed on the proposed terms or at all;

Upon completion, DJ Mex is expected to operate as a majority-owned subsidiary within Marwynn's EcoLoopX platform;

Integration of DJ Mex into Marwynn's existing EcoLoopX platform;

Continuation of DJ Mex's existing management team and operations; and

Expansion of commercial and supply-chain collaboration.