Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 114

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 114
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 slowdown in the global or Chinese economy and the political tensions between the United States and China may materially and adversely affect VIWO’s business, financial condition, results of operations and prospects.

PCAOB’s Determinations on Public Accounting Firms Headquartered in Mainland China and in Hong Kong

The U.S. Holding Foreign
Companies Accountable Act (HFCAA), as amended, requires that the securities of companies be prohibited from trading on U.S. exchanges
if the Public Company Accounting Oversight Board (PCAOB) is unable to inspect the company's auditor for two consecutive years. While the
PCAOB historically faced restrictions inspecting audit firms in mainland China and Hong Kong, it secured inspection access following a
Statement of Protocol in August 2022. Consequently, in December 2022, the PCAOB vacated its prior determination that it was obstructed
from inspecting firms in these locations, and inspections have been ongoing since then. This currently mitigates the immediate risk of
delisting under the HFCAA that arises solely from lack of PCAOB inspection access to firms based in mainland China and Hong Kong.

Future Vision and VIWO’s
independent registered public accounting firms, ZH CPA and Simon & Edward LLP are respectively registered with the PCAOB and headquartered
in Denver, Colorado, and Rowland Heights, California, respectively. As such, they are subject to regular PCAOB inspections, and the PCAOB
currently has access to conduct these inspections. However, uncertainties persist regarding the broader regulatory environment. There
is no guarantee that the PCAOB's access to inspect firms in mainland China and Hong Kong will continue without restriction. Any future
determination by the PCAOB that it is obstructed could re-introduce delisting risks under the HFCAA for issuers using auditors that cannot
be fully inspected. Furthermore, findings from ongoing PCAOB inspections globally, including those of firms in China and Hong Kong, could
lead to enforcement actions or affect overall investor confidence in issuers with significant China operations. Although our auditors
are currently inspectable, broader market uncertainties related to these regulatory oversight issues, or any future inability of the
PCAOB to fully inspect our specific auditor for any reason, could negatively affect the trading price of our ordinary shares and potentially
lead to delisting under the HFCAA.

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Uncertainties in the promulgation, interpretation and enforcement of PRC laws and regulations could limit the legal protections available to you and VIWO.

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