Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 580

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 580
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            |   |     | USD        |          |   |
| Cash                                   |     |            |     21,936 |   |     |            |    3,150 |   |
| Accounts receivable                    |     |            |  5,264,830 |   |     |            |  755,943 |   |
| Advance to suppliers                   |     |            |    220,000 |   |     |            |   31,588 |   |
| Other current assets                   |     |            |     39,623 |   |     |            |    5,689 |   |
| Short-term borrowing                   |     |            |   (385,000 | ) |     |            |  (55,280 | ) |
| Accounts payable                       |     |            | (4,891,943 | ) |     |            | (702,401 | ) |
| Contract liabilities                   |     |            |    (58,828 | ) |     |            |   (8,447 | ) |
| Other payables and accrued liabilities |     |            |   (207,974 | ) |     |            |  (29,862 | ) |
| Taxes payable                          |     |            |     (2,644 | ) |     |            |     (380 | ) |
| Total consideration                    |     |            |          - |   |     |            |        - |   |

<div align='center'>F-53</div>

Note 4 — Discontinued operation

On January 1, 2023, the Company entered into an Equity Transfer Agreement (the “Agreement”) with one unrelated individual (the “Buyer”). Pursuant to the Agreement, the Company transferred 100% of the equity interest of Bimai to the Buyer at RMB 0.

In accordance with ASU 2014-08 and ASC 205-20, the Company assessed the strategic shift test, which satisfied that the disposal of Bimai represented a strategic shift and had a major effect on the Company’s operation. Thus, the disposal of Bimai was treated as a discontinued operation during the year ended September 30, 2023.

The followings are the financial details from discontinued operation:

|                                                               |     | For the       
 year ended    
 September 30, 
 2023          |            |   |     | For the       
 year ended    
 September 30, 
 2024