Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 278

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 278
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 of the industry and VIWO’s business and introduce new cutting -
edge technologies. VIWO’s current R & D efforts mainly focus on enhancing its business intelligence technology, image processing
technology, and application solutions to create new services and products. As of September 30, 2023, and September 30, 2024, VIWO invested
approximately RMB 78.4 million and RMB 65.4 million (USD 9.3 million) in R&D respectively. In addition, in 2023, VIWO applied for
5 patents and 15 software copyrights, and in 2024, it applied for 25 software copyrights.

Market demand and competition

Our financial performance largely depends on the demand in the Business intelligence digital technology markets. The changes in market demand depend on the interaction of various factors, including the global economic climate and China’s social, economic, and market conditions.

The competition in China’s streaming media and advertising industry is very fierce. Although we are a leader in the Chinese industry, especially in the Business intelligence digital technology services market, we may face competition from existing competitors or market newcomers who may be able to provide higher quality services at lower prices. If we are unable to maintain or enhance our competitiveness in the industry, it may lead to a decrease in gross profit margin and a loss of market share, which may have an adverse impact on our profitability and business performance.

Our ability to acquire and retain customers

The corporate clients we serve are relatively unique. We do not directly target individual consumers. Therefore, we will not promote our services on mass media such as television or radio advertisements. Most of our customer base directly contacts us through recommendations, reputation, and online search. We participated in exhibitions to showcase our technology and general brand promotion capabilities, and we did not engage in any sales driven marketing activities to attract new customers.

Difficulty in retaining and recruiting Intelligent digital technology and other skilled workers

Our operating subsidiary relies on a skilled R&D team, including programmers in the fields of Business intelligence technology, Software development and advertising. Recruiting these skilled professionals is challenging. We cannot determine whether our operating subsidiary can retain existing employees and other skilled workers and recruit more qualified professionals to support future operations and growth. Any failure to do so may have a negative impact on business and future growth. The number of professionals with the skills, knowledge, and experience required for our business is limited and competitive. As the quality and technical knowledge of R&D projects are crucial to our business, attracting and retaining talent is an important component of