Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 339

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 339
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 RMB nil, RMB nil and RMB 46,560,000 were repaid, and RMB 3,020,000, RMB 74,640,000 and RMB 49,030,000 were outstanding, respectively. |
| (ii) | This balance was loan borrowing from related party, which were intended entirely as working capital support. This loan is unsecured and non-interest bearing and is payable on March 19, 2027. On December 19, 2024, the loan of USD 653,000 was paid off.                                                                                                                                                                       |

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| (iii) | This balance was nontrade payables arising from transactions between VIWO and the related party, this loan was intended entirely as capital expenditure support. This balance is unsecured and is payable with an interest rate at 4.72% on an installment ending January 31, 2027. As of September 30, 2024, the carrying amounts of the current portion and the non-current portion were RMB 181,992 and RMB 242,656, respectively. The interest expenses for the years ended September 30, 2022, 2023 and 2024 were approximately RMB 24,273, RMB 36,398 and RMB 36,398, respectively. |
| (iv)  | This balance was loan borrowing from related party, which was intended entirely as working capital support. This loan is unsecured and non-interest bearing and is payable on demand.                                                                                                                                                                                                                                                                                                                                                                                                     |

During the years ended September 30, 2022, 2023 and 2024, VIWO obtained approximately RMB 3,930,000, RMB 74,147,290 and RMB 27,085,832 from related parties and repaid RMB 121,368, RMB 181,992 and RMB 50,829,280, respectively.

The officers and directors of VIWO pre, or post-business combination are not officers and directors of MicroAlgo or any of the entities controlled by them.

Related Party Policy

Our Code of Ethics requires us to avoid, wherever possible, all related party transactions that could result in actual or potential conflicts of interests, except under guidelines approved by the Board of Directors (or the audit committee). Related-party transactions are defined as transactions in which (1) the aggregate amount involved will or may be expected to exceed $120,000 in any calendar