Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 567

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 567
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 rate of USD 1.00 to RMB 7.1884, representing the mid-point reference rate set by Peoples’ Bank of China
on December 31, 2024. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or
settled into USD at that rate, or at any other rate.

Cash
and cash equivalents primarily consists of bank deposits with original maturities of three months or less, which are unrestricted as
to withdrawal and use.

The
accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and
requires disclosure of the fair value of financial instruments held by the Company.

The
accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance
disclosure requirements for fair value measures. The three levels are defined as follow:

| ● | Level                                                                                     
 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets 
 or liabilities in active markets.                                                         |

| ● | Level                                                                                          
 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities 
 in active markets, and inputs that are observable for the assets or liability, either directly 
 or indirectly, for substantially the full term of the financial instruments.                   |

| ● | Level                                                                                     
 3 inputs to the valuation methodology are unobservable and significant to the fair value. |

Financial instruments included in current assets and current liabilities are reported in the unaudited consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.

The Company adopted Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC Topic 606). The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identifies the contract with the customer, (ii) identifies the performance obligations in the contract, (iii) determines the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocates the transaction price to the respective performance obligations in the contract, and (v) recognizes revenue when (or as) the Company satisfies the performance obligation.

(i)
Martech services

Martech service is a marketing strategy based on intelligent technology and data analysis. For the Martech Services,the