Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 113

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 113
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 it secured inspection access following a
Statement of Protocol in August 2022. Consequently, in December 2022, the PCAOB vacated its prior determination that it was obstructed
from inspecting firms in these locations, and inspections have been ongoing since then. This currently mitigates the immediate risk of
delisting under the HFCAA that arises solely from lack of PCAOB inspection access to firms based in mainland China and Hong Kong.

Future Vision and VIWO’s
independent registered public accounting firms, ZH CPA and Simon & Edward LLP are respectively registered with the PCAOB and headquartered
in Denver, Colorado, and Rowland Heights, California, respectively. As such, they are subject to regular PCAOB inspections, and the PCAOB
currently has access to conduct these inspections. However, uncertainties persist regarding the broader regulatory environment. There
is no guarantee that the PCAOB's access to inspect firms in mainland China and Hong Kong will continue without restriction. Any future
determination by the PCAOB that it is obstructed could re-introduce delisting risks under the HFCAA for issuers using auditors that cannot
be fully inspected. Furthermore, findings from ongoing PCAOB inspections globally, including those of firms in China and Hong Kong, could
lead to enforcement actions or affect overall investor confidence in issuers with significant China operations. Although our auditors
are currently inspectable, broader market uncertainties related to these regulatory oversight issues, or any future inability of the
PCAOB to fully inspect our specific auditor for any reason, could negatively affect the trading price of our ordinary shares and potentially
lead to delisting under the HFCAA.

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Uncertainties in the promulgation, interpretation and enforcement of PRC laws and regulations could limit the legal protections available to you and VIWO.

The PRC legal system is a civil law system based on written statutes. Unlike the common law system, prior court decisions under the civil
law system may be cited for reference but have limited precedential value. Since these laws and regulations are relatively new and the
PRC legal system continues to rapidly evolve, the promulgation of new rules and explanations and interpretations of many laws, regulations,
which could result in a material change in VIWO’s operations and/or the value of VIWO’s ordinary shares.

In 1979, the PRC government began to promulgate a comprehensive system of laws and regulations governing economic matters in general.
The overall effect of legislation over the past three decades