Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 282

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 282
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 to RMB 76.0 million for the three months
ended December 31, 2024, primarily because of we have expanded our market share and increased Software development services for enterprise
customers. The Martech services revenue for the three months ended December 31, 2024 was RMB 43.8 million (USD 6.1 million), a decrease
of RMB 11.3 million or 20.6% from the RMB 55.1 million for the three months ended December 31, 2023, mainly due to the uncertain global
economy and our strategic adjustment. Many enterprises prioritized cutting their digital marketing budgets during periods of uncertain
global economy, which results in a decline in customer demand. Moreover, in order to optimize the business structure, we actively adjusted
our customer base in 2024, reducing our reliance on some low-quality customers and focusing on high-value customers, which has led to
the decline in the revenue of the Martech. The Software development services revenue for the three months ended December 31, 2024 was
RMB 32.2 million (USD 4.5 million), an increase of RMB 17.2 million or 114.7% from the RMB 15.0 million for the three months ended December
31, 2023, primarily because of we increased more Software development services for enterprise customers.

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Cost of revenue

The following table sets forth the breakdown of our cost of revenue for the three months ended December 31, 2023 and 2024:

|                      |     | For the three months ended December 
                                 31, |             |   |     |         |       |   |     |      |             |   |     |         |       |   |     |          |            |   |     |   |       |    |
|                      |     |                                2023 |             |   |     |         |       |   |     | 2024 |             |   |     |         |       |   |     | Variance |            |   |     |   |       |    |
|                      |     |                                -RMB |             |   |     | % of    
 cost of 
 revenue |       |   |     | -RMB |             |   |     | % of    
 cost of 
 revenue |       |   |     | Amount   |            |   |