Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 122

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 122
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 preferential tax treatment under applicable tax treaties or similar arrangements, and the party who is obligated to make the transfer payments has the withholding obligation. SAT Bulletin 7 does not apply to transactions of sale of shares by investors through a public stock exchange where such shares were acquired from a transaction through a public stock exchange.

There is uncertainty as to the application of SAT Bulletin 7. VIWO faces uncertainties as to the reporting and other implications of certain past and future transactions where PRC taxable assets are involved, such as offshore restructuring, sale of the shares in VIWO’s offshore subsidiaries or investments. VIWO may be subject to filing obligations or taxed if VIWO is transferor in such transactions, and may be subject to withholding obligations if VIWO is transferee in such transactions under SAT Bulletin 7. For transfer of shares in VIWO by investors that are non-PRC resident enterprises, VIWO’s PRC subsidiaries may be requested to assist in the filing under SAT Bulletin 7. As a result, VIWO may be required to expend valuable resources to comply with SAT Bulletin 7 or to request the relevant transferors from whom VIWO purchase taxable assets to comply with these circulars, or to establish that VIWO should not be taxed under these circulars, which may have a material adverse effect on VIWO’s financial condition and results of operations.

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Certain judgments obtained against VIWO by its shareholders may not be enforceable.

VIWO is a Cayman Islands exempted company and substantially all of VIWO’s current operations are conducted in China. In addition, most of VIWO’s current directors and officers are nationals and residents of countries other than the United States. As a result, it may be difficult or impossible for you to bring an action against VIWO or against these individuals in the United States in the event that you believe that your rights have been infringed under the U.S. federal securities laws or otherwise. Even if you are successful in bringing an action of this kind, the laws of the Cayman Islands and of China may render you unable to enforce a judgment against VIWO’s assets or the assets of VIWO’s directors and officers.

Implementation of labor laws and regulations in China may adversely affect VIWO’s business and results of operations.

Pursuant to the labor contract law that took effect in January 2008, its implementation rules that took effect in September 2008 and its amendment that took effect in July 2013, employers are subject to stricter requirements in terms of signing