Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 14

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 14
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 be affected by these measures at this time.

In summary, investing in VIWO carries inherent risks associated with the complexities and uncertainties of the Chinese regulatory environment. These risks could materially impact VIWO’s business operations, financial performance, and ability to access international capital markets. For more information, please refer to “Risk Factors – Risk Factors Relating to Doing Business in China”.

Under the Holding Foreign Companies Accountable Act (HFCAA), New VIWO’s securities could be prohibited from trading on U.S. exchanges if the SEC determines that its auditor hasn’t been subject to PCAOB inspections for two consecutive years. However, although VIWO operates its business via Chinese subsidiaries, VIWO’s auditor is, and following consummation of the Business Combination New VIWO’s auditor will be, headquartered in Rowland Heights, California and is, and will be, subject to PCAOB inspections to assess its compliance with the applicable professional standards. The PCAOB currently has access to inspect the working papers of VIWO’s, and New VIWO’s, auditor and VIWO’s, and New VIWO’s, auditor was not subject to the determinations announced by the PCAOB on December 16, 2021.

Please refer to “Risk Factor — Risks Factors Relating to Doing Business in China — PCAOB’s Determinations on Public Accounting Firms Headquartered in Mainland China and in Hong Kong.” on page [62] of this prospectus.

As a holding company, New VIWO will rely on dividends from its subsidiaries to meet its cash needs, including any potential dividend payments to shareholders. However, there are risks associated with this structure. Chinese authorities could disallow the holding company structure, hindering New VIWO’s ability to operate through VIWO, receive dividends, transfer funds, or list on U.S. or other foreign exchanges. This could seriously harm New VIWO’s business and significantly devalue its securities.

New VIWO’s board of directors will have complete discretion as to whether to distribute dividends, subject to certain requirements of Cayman Islands law. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our directors. Under Cayman Islands law, a Cayman Islands company may pay a dividend out of either profit or share premium account, provided that in no circumstances may a dividend be paid if this would result in the company being unable to pay its debts as they fall due in the ordinary course of business.

Several factors will influence New VIWO dividend decisions, including financial performance, growth prospects