Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 105

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 105
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9, 2023.
The Final Rule became effective on January 2, 2025. The Final Rule targets investments involving persons and entities associated
with “countries of concern,” including China, and it imposes investment prohibition and notification requirements on a wide
range of investments in companies engaged in certain types of activities relating to three sectors: (1) advanced microchips and microelectronics,
(2) quantum computing, and (3) artificial intelligence systems (“Covered Activities”), with persons from countries of concern
engaged in these Covered Activities included in the definition of “Covered Foreign Persons.” Investments by U.S. persons
subject to the Final Rule, which are defined as “covered transactions,” include acquisitions of equity interests, certain
debt financing, joint ventures, and certain investments as a limited partner in a non-U.S. person pooled investment fund. The Final Rule
excludes some investments from the scope of covered transactions, including those in publicly traded securities listed on a national
stock exchange. The Final Rule is aimed at exerting greater U.S. government oversight over U.S. direct and indirect investments involving
China, and may introduce new hurdles and uncertainties for cross-border collaborations, investments, and funding opportunities of China-based
issuers including us. We do not believe we are a Covered Foreign Person under the Final Rule. However, to the extent that we are deemed
a Covered Foreign Person engaged in the development of Covered Activities, the Final Rule could limit our ability to raise capital from
U.S. investors generally, in which case our ability to raise such capital may be significantly and negatively affected, which could be
detrimental to our capital raising capacity and our business, financial condition and prospects.

If the chops of VIWO’s PRC subsidiaries and their respective subsidiaries, are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised.

In China, a company chop or seal serves as the legal representation of the company towards third parties even when unaccompanied by a signature. Each legally registered company in China is required to maintain a company chop, which must be registered with the local Public Security Bureau. In addition to this mandatory company chop, companies may have several other chops which can be used for specific purposes. The chops of VIWO’s PRC subsidiaries are generally held securely by personnel designated or approved by VIWO in accordance with its internal control procedures. To the extent those chops are not kept safely, are stolen or