Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 115

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 115
---
 it may take much more time for the relevant regulatory authorities to approve new applications for permits and licenses,
and complete or update registrations and VIWO cannot assure you that VIWO will be able to comply with these laws and regulations promptly
or at all. The failure to comply with these laws and regulations may delay, or possibly prevent, VIWO to conduct business, accept foreign
investments, or be listed overseas.

The occurrence of any of these events may materially and adversely affect VIWO’s business and prospects and may result in a material change in VIWO’s operations and/or the value of VIWO’s ordinary shares or could significantly limit or completely hinder VIWO’s ability to offer or continue to offer securities to investors.

<div align='center'>63</div>

Under the PRC enterprise income tax law, VIWO may be classified as a “PRC resident enterprise”, which could result in unfavorable tax consequences to VIWO and its shareholders and have a material adverse effect on VIWO’s results of operations and the value of your investment.

Under the PRC enterprise income tax law that became effective on January 1, 2008, an enterprise established outside the PRC with “de facto management bodies” within the PRC is considered a “resident enterprise” for PRC enterprise income tax purposes and is generally subject to a uniform 25% enterprise income tax rate on its worldwide income. On April 22, 2009, the State Administration of Taxation, or the SAT, issued the Notice Regarding the Determination of Chinese-Controlled Overseas Incorporated Enterprises as PRC Tax Resident Enterprise on the Basis of De Facto Management Bodies, or SAT Circular 82, which provides certain specific criteria for determining whether the “de facto management body” of a PRC-controlled enterprise that is incorporated offshore is located in China. Further to SAT Circular 82, on August 3, 2011, the SAT issued the Administrative Measures of Enterprise Income Tax of Chinese-Controlled Offshore Incorporated Resident Enterprises (Trial), or SAT Bulletin 45, which became effective on September 1, 2011.

According to SAT Circular 82, an offshore incorporated enterprise controlled by a PRC enterprise or a PRC enterprise group will be considered a PRC tax resident enterprise by virtue of having its “de facto management body” in China and will be subject to PRC enterprise income tax on its worldwide income only if all of the following conditions are met: (a) the senior management and core management departments in charge of its daily operations function have their presence mainly