Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 107

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 107
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 unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised.

In China, a company chop or seal serves as the legal representation of the company towards third parties even when unaccompanied by a signature. Each legally registered company in China is required to maintain a company chop, which must be registered with the local Public Security Bureau. In addition to this mandatory company chop, companies may have several other chops which can be used for specific purposes. The chops of VIWO’s PRC subsidiaries are generally held securely by personnel designated or approved by VIWO in accordance with its internal control procedures. To the extent those chops are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised and those corporate entities may be bound to abide by the terms of any documents so chopped, even if they were chopped by an individual who lacked the requisite power and authority to do so. In addition, if the chops are misused by unauthorized persons, VIWO could experience disruption to VIWO’s normal business operations. VIWO may have to take corporate or legal action, which could involve significant time and resources to resolve while distracting management from VIWO’s operations.

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The PRC government exerts substantial influence over the manner in which VIWO, its subsidiaries must conduct its business activities. In addition to filing with the CSRC in accordance with the Overseas Listing Filing Rules, as mentioned above, VIWO is currently not required to obtain approval from Chinese authorities to list on U.S. exchanges, however, if VIWO was required to obtain approval in the future and was denied permission from Chinese authorities to list on U.S. exchanges, VIWO will not be able to continue listing on U.S. exchange, which would materially affect the interest of the investors.

VIWO’s ability to operate in China may be affected by changes in its laws and regulations, including those relating to taxation, environmental regulations, land use rights, property and other matters. The central data security, anti-monopoly policies or local PRC governments may impose new, stricter regulations or interpretations of existing regulations that would require additional expenditures and efforts on VIWO’s part to ensure its compliance with such regulations or interpretations. Accordingly, government actions in the future, including any decision not to continue to support recent economic reforms and to return to a more centrally planned economy or regional or local variations in the implementation of economic policies, could have a significant effect on economic conditions