Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 284

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 284
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 months ended December 31, 2023 to RMB 25.0 million for the
three months ended December 31, 2024. The increase in total gross profit was mainly due to we have expanded our market share, improved
our marketing technology and service methods, and reduced service costs. Our total gross profit margin increased by 5.8% from 27.1% for
the three months ended December 31, 2023 to 32.9% for the three months ended December 31, 2024, mainly due to the business volume of
Software development services has improved to some extent, resulting in an increase in the gross profit margin.

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Operating expenses

Our operating expenses consist of the following:

|                                     |     |                         For the 
 three months ended December 31, |             |   |     |      |             |   |     |          |            |   |     |             |        |    |
|                                     |     |                            2023 |             |   |     | 2024 |             |   |     | Variance |            |   |     | %           
 of variance |        |    |
| Selling and marketing               
 expenses                            |     |                                 |    (593,164 | ) |     |      | (519,234    | ) |     |          |     73,930 |   |     |             | (12.5  | )% |
| General and administrative expenses |     |                                 |     341,231 |   |     |      | (2,797,708  | ) |     |          | (3,138,939 | ) |     |             | (919.9 | )% |
| Research                            
 and development expenses            |     |                                 | (17,129,823 | ) |     |      | (13,189,633 | ) |     |          |  3,940,190 |   |     |             | (23.0  | )% |
| Total operating                     
 expenses                            |     |                                 | (17,381,756 | ) |     |      | (16,506,575 | ) |     |          |    875,181 |   |     |             | (5.0   | )% |

Our general and administrative
expenses mainly represented payroll expenses, amortization of operating lease right-of-use assets, and service costs. Our general and
administrative