Announcement • Jun 10
EcoLoopX Corporation Appoints Frank Xu as New Sales Director Marwynn Holdings, Inc. on 09 June 2026 announced that its wholly-owned subsidiary, EcoLoopX Corporation ("EcoLoopX") has hired Frank Xu as Sales Director. In this strategic role, Mr. Xu will oversee the expansion of EcoLoopX's commercial footprint, focusing on diversifying e-waste collection channels, building out corporate B2B electronics disposal networks, and accelerating business development initiatives across the United States. The appointment is intended to establish a high-efficiency framework to align EcoLoopX's sustainable e-waste processing and material recovery services with expanding market demand from enterprise technology sectors, recycling facilities, and corporate asset management pipelines. Proposed Operational Synergies; Mr. Xu intends to operate a high-velocity channel model by providing services and support related to corporate accounts acquisition and secondary commodity sourcing, in reliance on a deep network of industry manufacturers, technology partners, and processing vendors. Key areas of focus for the channel expansion include: Resources Support: Mr. Xu will act as the specialized procurement lead layer, utilizing his extensive sourcing networks and logistical expertise to link industrial electronics waste streams with optimized processing pipelines. Channel Distribution: Mr. Xu will deploy targeted regional acquisition strategies to onboard enterprise e-waste accounts, leveraging a proven history of managing complex raw material flows and executing high-volume commercial transactions. Frank Xu brings an extensive background in business development, corporate logistics, volume purchasing, and operational project management. Prior to joining EcoLoopX, he held key positions including Purchasing Manager at Flying Fish Recycling Technology Inc., and Project Manager at Zinwi Technology. Notably, during his tenure in the recycling technology and corporate business development spaces, Xu spearheaded strategic procurement pipelines in competitive markets and built end-to-end global supply chain relationships. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$6.2m free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (US$11.3m market cap). Reported Earnings • Mar 18
Third quarter 2026 earnings released: US$0.027 loss per share (vs US$0.002 profit in 3Q 2025) Third quarter 2026 results: US$0.027 loss per share (down from US$0.002 profit in 3Q 2025). Revenue: US$1.38m (down 49% from 3Q 2025). Net loss: US$548.3k (down US$571.8k from profit in 3Q 2025). 
