Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 111

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 111
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’s financial condition.

The
global macroeconomic environment is facing challenges. While China's economy reported year-over-year growth of 5.4% in the first quarter
of 2025, forecasts for the full year anticipate more moderate growth (potentially around 4-5%), influenced by both domestic factors and
the challenging global environment. There remains considerable uncertainty over the long-term effects of monetary and fiscal policies
adopted by major economies, and ongoing geopolitical instability in various regions continues to contribute to market volatility.

If VIWO plans to expand its
business internationally and do business cross-border in the future, any unfavorable government policies on international trade, such
as capital controls or tariffs, may affect the demand for VIWO’s services, impact VIWO’s competitive position, or prevent
VIWO from being able to conduct business in certain countries. If any new tariffs, legislation, or regulations are implemented, or if
existing trade agreements are renegotiated, such changes could adversely affect VIWO’s business, financial condition, and results
of operations. In particular, tensions in international economic relations between the United States and China have significantly escalated
in early 2025. The U.S. government imposed substantially higher tariffs on a wide range of products imported from China, citing justifications
characterized by the U.S. government as addressing unfair trade practices. China responded with significant retaliatory tariffs on products
imported from the United States. As of April 2025, these reciprocal tariffs have reached exceptionally high levels according to public
reports. While the direct impact of these heightened trade tensions on the Intelligent digital technology industry in China is uncertain,
the negative impact on general economic, political, and social conditions, as well as potential disruptions to supply chains and investment
flows, may adversely impact VIWO’s business, financial condition and results of operations.

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The Holding Foreign Companies
Accountable Act (HFCAA), enacted in December 2020 and subsequently amended, established a framework threatening the delisting of securities
if the Public Company Accounting Oversight Board (PCAOB) cannot inspect the company's auditor for a specified period. However, in late
2022, the PCAOB secured access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong
Kong, and inspections have been conducted in 2023 and 2024. As a result, the immediate risk of delisting under the HFCAA due specifically
to lack of inspection access has currently been mitigated. Nonetheless, uncertainties