Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 552

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 552
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 credit quality, it also continually monitors their credit
worthiness.

Most of the Company’s
expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities
are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are
required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China
(“PBOC”). Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China
foreign exchange regulatory bodies which require certain supporting documentation to affect the remittance.

To the extent that the Company
needs to convert U.S. dollars into RMB for capital expenditures and working capital and other business purposes, appreciation of RMB
against U.S. dollar would have an adverse effect on the RMB amount the Company would receive from the conversion. Conversely, if the
Company decides to convert RMB into U.S. dollar for the purpose of making payments for dividends, strategic acquisition or investments
or other business purposes, appreciation of U.S. dollar against RMB would have a negative effect on the U.S. dollar amount available
to the Company.

For the year ended September 30,
2023, one customer accounted for 13% of the Company’s total revenues. For the year ended September 30, 2024, three customers
accounted for 21%, 15% and 14% of the Company’s total revenues, respectively.

As of September 30, 2023,
two customers accounted for 58% and 40% of the Company’s accounts receivable, respectively. As of September 30, 2024, three
customers accounted for 39%, 36% and 25% of the Company’s accounts receivable, respectively.

For the year ended September 30,
2023, one vendor accounted for 19% of the Company’s total purchases. For the year ended September 30, 2024, four vendors accounted
for 22%, 17%, 15% and 15% of the Company’s total purchases, respectively.

As of September 30, 2023,
four vendors accounted for 54%, 13%, 11% and 10% of the Company’s accounts payable, respectively. As of September 30, 2024,
three vendors accounted for 65%, 18%, and 13% of