Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 264

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 264
---
 or approvals needed to engage in the businesses currently conducted in China, and no permission or approval has been denied.

Permissions Required from the PRC Authorities for New VIWO’s Operations

VIWO currently conducts its business in the People’s Republic of China (PRC) primarily through its subsidiaries, specifically in mainland China and Hong Kong. New VIWO will conduct, its business in mainland China and Hong Kong primarily through its subsidiaries. Its operations in mainland China are governed by laws and regulations of mainland China. Many aspects of VIWO’s business depend on obtaining and maintaining licenses, approvals, permits or qualifications from PRC regulators. Obtaining such approvals, licenses, permits or qualifications depends on VIWO’s or New VIWO’s compliance with regulatory requirements, as applicable. PRC regulatory authorities also have relatively broad discretion to grant, renew and revoke licenses and approvals and to implement laws and regulations. Based on the legal advice of our PRC legal counsel and the PRC laws and regulations currently in effect, and subject to different interpretations of these laws and regulations that may be adopted by PRC authorities, as of the date of this proxy statement/prospectus, VIWO’s PRC subsidiaries have each obtained their respective PRC Business License. The PRC Business License is a fundamental license that legally authorizes the license holding entity to conduct business activities within the scope defined in the license. It specifies the nature of the business, the industries it can operate in, and serves as the basic proof of the company’s legal existence and operation rights in the mainland Chinese market. As of the date of this proxy statement/prospectus, other than each Business License, PRC subsidiaries of VIWO are not required to obtain any other license or permits issued by relevant governmental agencies or authorities within the course of their business. VIWO’s Hong Kong subsidiaries are each duly incorporated under the laws of Hong Kong and each possess a Business Registration Certificate issued pursuant to the Hong Kong Business Registration Ordinance (Chapter 310) and Business Registration Regulations.

In the People’s Republic of China (PRC), the legal and operational risks for VIWO and VIWO Inc. (New VIWO) are not limited to mainland China but also extend to Hong Kong and Macau. Hong Kong and Macao each have their own legal systems. While they are part of the PRC, their legal framework for business operations differs from that of mainland China. Pursuant to the Basic Law of the Hong Kong Special Administrative Region (the “Basic Law”), which is a national law of the PRC and the constitutional