Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 543

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 543
---
 revenue recognition
may differ from the timing of invoicing to customers. Accounts receivable represent revenue recognized for the amounts invoiced and/or
prior to invoicing when the Company has satisfied its performance obligation and has unconditional right to the payment. Contract assets
represent the Company’s right to consideration in exchange for goods or services that the Company has transferred to a customer.
The Company has no contract assets as of September 30, 2023 and 2024.

The contract liability represents
the billings or cash received for services in advance of revenue recognition which is recognized as revenue when all the Company’s
revenue recognition criteria are met. The Company’s contract liabilities amounted to RMB 265,080 and RMB 1,176,621 (USD 167,911)
as of September 30, 2023 and 2024, respectively. The Company expects to recognize this balance as revenue over the next 12 months.

<div align='center'>F-32</div>

Cost of revenue for Martech
Services comprised of costs paid to channel distributors based on the sales agreements. There are no incentives or commissions paid to
channel distributors.

For Software development services,
the cost of revenue consists primarily of the third-party software development costs.

There are no selling and marketing
expenses or general and administrative expenses that are directly attributable to fulfilling our performance obligations under contractual
service agreements.

The Company computes earnings
per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic
and diluted EPS. Basic EPS is measured as net income divided by the weighted average ordinary shares outstanding for the period. Diluted
EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants)
as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have
an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of
diluted EPS. During the years ended September 30, 2023 and 2024, there were no dilutive shares.

Operating lease ROU assets and
lease liabilities are recognized at the adoption date or the commencement date, whichever is earlier, based on the present value of lease
payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company use its
incremental borrowing rate