Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 594

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 594
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. The functional currency of the Company and its subsidiaries which
are incorporated in Hong Kong and PRC are USD and RMB, respectively, which are their respective local currencies based on the criteria
of ASC 830, “Foreign Currency Matters”.

In
the unaudited consolidated financial statements, the financial information of the Company and other entities located outside of the PRC
has been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are
translated at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period.

Translation
adjustments included in accumulated other comprehensive (loss) income amounted to RMB (268,588) and RMB 168,191 (USD 23,431) as of September
30, 2024 and March 31, 2025, respectively. The balance sheet amounts, with the exception of shareholders’ equity for at September
30, 2024 and March 31, 2025, were translated at USD 1.00 to RMB 7.0074 and to RMB 7.1782, respectively. The average translation rates
applied to statement of income accounts for the three months ended March 31, 2024 and 2025 were USD 1.00 to RMB 7.1028 and to RMB 7.1759,
for the six months ended March 31, 2024 and 2025 were USD 1.00 to RMB 7.1243 and to RMB 7.1670, respectively. The shareholders’
equity accounts were stated at their historical rate. Cash flows are also translated at average translation rates for the periods, therefore,
amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated
balance sheets.

Translations
of balances in the unaudited consolidated balance sheets, unaudited consolidated statements of income and unaudited consolidated statements
of cash flows from RMB into USD as of and for the three and six months ended March 31, 2025 are solely for the convenience of the reader
and were calculated at the rate of USD 1.00 to RMB 7.1782, representing the mid-point reference rate set by Peoples’ Bank of China
on March 31, 2025. No representation is made that the RMB amounts represent or could have been, or could be,