Marwynn Holdings, Inc. Completes Asset Disposition and Amends Articles of Incorporation

Marwynn Holdings, Inc. has completed the sale of all 70,000 shares of its wholly owned subsidiary, Grand Forest Cabinetry Inc., to Reli Home Décor Inc. for $550,000 in cash. This transaction, effective December 22, 2025, constitutes a significant disposition of assets. Concurrently, the Company amended its Articles of Incorporation to increase the authorized number of common shares from 45,000,000 to 500,000,000. Pro forma financial information reflecting these changes has been filed. The company is classified as an emerging growth company and has elected not to use the extended transition period for new or revised financial accounting standards.