Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 577

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 577
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     |       |       - |     |       |      - |
| Total undiscounted cash flows   |     |       | 226,321 |     |       | 31,484 |
| Discounted (present value):     |     |       |         |     |       |        |
| Lease liabilities - current     |     |       | 223,647 |     |       | 31,112 |
| Lease liabilities - non current |     |       |       - |     |       |      - |
| Total lease liabilities         |     |       | 223,647 |     |       | 31,112 |

Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used its incremental borrowing rate based on the information available at the lease commencement date. As of December 31, 2024, the weighted average remaining lease term is 4.0 months, and the weighted average discount rate used to determine the operating lease liabilities is 3.70%.

Note 9 — Shareholders’ equity

Ordinary shares

TheCompany was established under the laws of Cayman Islands. To complete the reorganization, the Company issued 55,000,000 and 45,000,000 ordinary shares of par value USD 0.00005 to its original shareholders on June 27, 2023 and December 1, 2023, respectively. The shares and per share information are presented on a retroactive basis for the periods presented, to reflect the reorganization completed on December 1, 2023.

The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiary. Relevant PRC statutory laws and regulations permit payments of dividends by VIWO PRC entities only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying unaudited consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of VIWO PRC entities.

As a result of the foregoing restrictions, VIWO PRC entities are restricted in their ability to transfer their assets to the Company. Foreign exchange and other regulation in the PRC may further restrict VIWO PRC entities from transferring funds to the Company in the form of dividends, loans and advances. As of December 31, 2024, amounts restricted are the paid-in-capital and