Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 123

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 123
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 or contractual control arrangement.

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In the future, VIWO may pursue potential strategic acquisitions that are complementary to VIWO’s business and operations. Complying
with the requirements of the above-mentioned regulations and other rules to complete such transactions could be time-consuming, and any
required approval processes, including obtaining approval or clearance from the Ministry of Commerce, may delay or inhibit VIWO’s
ability to complete such transactions, which could affect VIWO’s ability to expand its business or maintain VIWO’s market
share. Furthermore, according to the M&A Rules, if a PRC entity or individual plans to merger or acquire its related PRC entity through
an overseas company legitimately incorporated or controlled by such entity or individual, such a merger and acquisition will be subject
to examination and approval by the Ministry of Commerce. If M&A Rules requiring that VIWO obtain approval of the Ministry of Commerce
for VIWO’s completed or ongoing mergers and acquisitions. There is no assurance that VIWO can obtain such approval from the Ministry
of Commerce for VIWO’s mergers and acquisitions, and if VIWO fails to obtain those approvals, VIWO may be required to suspend VIWO’s
acquisition and be subject to penalties. Any uncertainties regarding such approval requirements could have a material adverse effect on
VIWO’s business, results of operations and corporate structure.

Furthermore, the M&A Rules, among other things, purport to require that an offshore special purpose vehicle controlled directly or
indirectly by PRC domestic companies or individuals and formed for purposes of overseas listing through acquisition of PRC domestic interests
obtain the approval of the CSRC prior to the listing and trading of such special purpose vehicle’s securities on an overseas stock
exchange. In the opinion of VIWO’s PRC counsel, VIWO is not required to obtain approvals from the CSRC under the M&A Rules for
listing and trading of the securities, because VIWO established a WFOE utilizing foreign direct investment that is not through a merger
or acquisition of the equity or asset of a “PRC domestic company” as defined under the M&A Rules.

PRC regulations relating to offshore investment activities by PRC residents may limit VIWO’s PRC subsidiaries’ ability to increase their registered capital or distribute profits to VIWO or otherwise expose VIWO to liability and penalties under PRC law.

The State Administration of Foreign Exchange (“SAFE”) promulgated the Circular on Relevant Issues Relating to PRC Resident’s Investment and