Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 551

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 551
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 loss of RMB 2,475,000 and RMB nil for the years ended September 30, 2023 and 2024, respectively. Due to the full recoveries of the allowance for credit loss, the Company reversed credit loss of RMB 2,475,000 for the year ended September 30, 2024.

Note 7 — Property and equipment, net

Property and equipment, net consist of the following:

|                                |     | September 30, |           |   |     | September 30, |           |   |     | September 30, |          |   |
|                                |     |          2023 |           |   |     |          2024 |           |   |     |          2024 |          |   |
|                                |     |           RMB |           |   |     |           RMB |           |   |     |           USD |          |   |
| Office electronic equipment    |     |               |   121,999 |   |     |               |   125,293 |   |     |               |   17,880 |   |
| Vehicles                       |     |               | 1,201,452 |   |     |               | 1,201,452 |   |     |               |  171,455 |   |
| Subtotal                       |     |               | 1,323,451 |   |     |               | 1,326,745 |   |     |               |  189,335 |   |
| Less: accumulated depreciation |     |               |  (499,351 | ) |     |               |  (824,741 | ) |     |               | (117,696 | ) |
| Total                          |     |               |   824,100 |   |     |               |   502,004 |   |     |               |   71,639 |   |

Depreciation expenses for the years ended September 30, 2023 and 2024 amounted to RMB 305,844 and RMB 325,390 (USD 46,435), respectively. No impairment expenses were recorded for the years ended September 30, 2023 and 2024.

Note 8 — Short-term borrowings

The balance of short-term borrowings consisted of the following:

|                             |     | September 30, |            |     | September 30, |            |     | September