Bonanza Goldfields Corp. (OTCPK:BONZ) singed a memorandum of understanding to acquire Marvion Media Limited on September 18, 2021. When the acquisition is completed, Bonanza Goldfields Corp would be renamed to Marvion™ Media Limited.

Bonanza Goldfields Corp. (OTCPK:BONZ) completed the acquisition of Marvion Holdings Limited from Lee Ying Chiu Herbert and So Han Meng Julian on October 18, 2021. Post completion, Herbert Lee, the Bonanza Goldfields director, will become the majority shareholder of BONZ. The Company acquired all of the issued and outstanding shares of MHL from its shareholders, in exchange for 139,686,481,453 shares of the issued and outstanding common stock.