Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 264

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 264
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RC subsidiaries have each obtained their respective PRC Business License. The PRC Business License is a fundamental license that legally authorizes the license holding entity to conduct business activities within the scope defined in the license. It specifies the nature of the business, the industries it can operate in, and serves as the basic proof of the company’s legal existence and operation rights in the mainland Chinese market. As of the date of this proxy statement/prospectus, other than each Business License, PRC subsidiaries of VIWO are not required to obtain any other license or permits issued by relevant governmental agencies or authorities within the course of their business. VIWO’s Hong Kong subsidiaries are each duly incorporated under the laws of Hong Kong and each possess a Business Registration Certificate issued pursuant to the Hong Kong Business Registration Ordinance (Chapter 310) and Business Registration Regulations.

In the People’s Republic of China (PRC), the legal and operational risks for VIWO and VIWO Inc. (New VIWO) are not limited to mainland
China but also extend to Hong Kong and Macau. Hong Kong and Macao each have their own legal systems. While they are part of the PRC, their
legal framework for business operations differs from that of mainland China. Pursuant to the Basic Law of the Hong Kong Special Administrative
Region (the “Basic Law”), which is a national law of the PRC and the constitutional document for Hong Kong, national laws
of the PRC shall not be applied in Hong Kong except for those listed in Annex III of the Basic Law (which is confined to laws relating
to defense and foreign affairs, as well as other matters outside the autonomy of Hong Kong), VIWO does not believe there will be material
effects on its Hong Kong Subsidiaries’ operations and financial results resulting from the legal and operational risks relating
to the PRC regulations. As such, the legal and operational risks associated with VIWO’s operations in the PRC apply to its operations
in Hong Kong only to the extent applicable. VIWO currently does not have plans to conduct business in Macao.

Even though VIWO is not engaged in artificial intelligence development, as advised by VIWO’s PRC counsel, currently, China (including
Hong Kong in the current context) does not impose specific restrictive measures for foreign investment in domestic companies engaged in
artificial intelligence development. Such investment activities are not explicitly delineated within existing and relevant regulatory
restrictions, such as the negative list of the Ministry of Commerce. However, those engaged in artificial intelligence