Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 106

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 106
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 the territory of China; (3) the foreign investor makes investment to initiate a new project within the territory of China, independently or jointly with any other investor; and (4) the foreign investor makes investment in any other way stipulated by laws, administrative regulations or provisions of the State Council. The Foreign Investment Law leaves uncertainty with respect to whether Foreign Investors control PRC onshore variable interest entities via contractual arrangements will be recognized as “foreign investment.”.

On September 8, 2024, MOFCOM and the National Development and Reform Commission issued Special Management Measures for the Market Entry of Foreign Investment (Negative List) (2024 Version) (the “2024 Negative List”), and effected on November 1, 2024. PRC governmental authorities will administrate foreign investment by applying the principal of pre-entry national treatment together with a “negative list” (the “Negative List”, which shall be promulgated by or promulgated with approval by the State Counsel), to be specific, Foreign Investors are prohibited from making any investments in the fields which are catalogued into prohibited industries for foreign investment based on the Negative List, while Foreign Investors are allowed to make investments in the restricted industries provided that all the requirements and conditions as set forth in the Negative List have been satisfied; when Foreign Investors make investments in the fields other than those included in the Negative List, the national treatment principle shall apply. Besides, certain approval and/or filing requirements shall be fulfilled in accordance with applicable foreign investment laws and regulations. The business that VIWO conducts through its subsidiaries is not subject to 2024 Negative List.

The United States’ restrictions on investments in Chinese AI technology, effective since 2025, present potential challenges and uncertainties for VIWO’s AI initiatives in China. These restrictions, part of a broader US government effort to address national security concerns related to technological competition, may curtail US investment in VIWO’s projects, potentially hindering project financing and collaborative opportunities with US entities. Should VIWO have planned engagements with third parties or capital subject to such restrictions, then such restrictions could significantly impact VIWO’s ability to secure necessary cooperation or capital.

Furthermore, these policies may limit VIWO’s access to advanced AI technologies and collaborative ventures originating in the United States. This restricted access could impede VIWO’s ability to integrate cutting-edge advancements, potentially slowing the pace of their technological innovation and development. The ability to introduce, participate in, and benefit from international technical exchanges and cooperation projects may also be negatively affected.

The evolving regulatory landscape in the US,