Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 275

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 275
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 adverse effect on our business, financial condition, or results of operations.

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<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF VIWO</div>

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our consolidated financial statements and the related notes included elsewhere in this proxy statement/prospectus. This discussion contains forward-looking statements that involve risks and uncertainties about our business and operations. Our actual results and the timing of selected events may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those we describe under “Risk Factors” and elsewhere in this proxy statement/prospectus. Unless the context otherwise requires, references in this section to “we”, “us”, “our”, “Company” and similar first-person references are intended to mean the business and operations of VIWO and its consolidated subsidiaries taken as a whole prior to the Business Combination.

Overview

VIWO is a holding company with no business operation. Through our wholly owned subsidiary Beijing Viwotong Technology Co., Ltd and its subsidiaries, we engage in Business intelligence digital technology services in China. It is a holding company, is a professional Business intelligence digital technology provider, through its subsidiaries, mainly engaged in Business intelligence digital technology services in Mainland China and Hong Kong.

On November 28, 2024, we entered into a Merger Agreement with Future Vision and the Merger Sub. Upon the consummation of the Business Combination, we will be a wholly owned subsidiary of Future Vision and Future Vision’s name will be changed to “VIWO Inc”.

For the three months
ended March 31, 2025, our revenue was RMB 80.8 million (USD 11.3 million), an increase of RMB 12.1 million or 17.6% from the RMB 68.7
million for the three months ended March 31, 2024. The revenue mainly comes from Martech services and Software development services.
For the three months ended March 31, 2025, our gross profit was RMB 27.2 million (USD 3.8 million), an increase of RMB 9.1 million or
49.9% from the RMB 18.2 million for the three months ended March 31, 2024. For the three months ended March 31, 2025, our operating