Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 287

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 287
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 | ) |     |      | (72,900,276 | ) |     |          | 14,765,333 |   |     |          | (16.8 | )% |

Our selling and marketing expenses mainly represented the salary of marketing personnel. Our selling and marketing expenses increased by RMB 0.4 million, or 22.1%, from RMB 1.7 million, for the year ended September 30, 2023 to RMB 2.0 million, for the year ended September 30, 2024, which was mainly due to we have expanded our sales team.

Our general and administrative expenses mainly represented payroll expenses, amortization of operating lease right-of-use assets, and service costs. Our general and administrative expenses decreased by RMB 2.1 million, or 28.0%, from RMB 7.6 million, for the year ended September 30, 2023 to RMB 5.4 million, for the year ended September 30, 2024, which was mainly due to the reverse of bad debt allowance. We expect our general and administrative expenses, including, but not limited to, staff costs, to increase in the foreseeable future, as our business further grows. We expect our amortization of operating lease right-of-use assets to remain consistent unless we need to further expand our office spaces due to the expansion of our business. We expect our legal and professional fees for legal, audit, and consulting services will increase as we will incur audit, legal and advisory fees for the business combination.

Our research and development expenses mainly represented salaries and other compensation-related expenses to the Company’s research and product development personnel, as well as office rental, depreciation and related expenses for the Company’s research and product development team, and outsourced subcontractors’ expenses. Our research and development expenses decreased by RMB 13.0 million, or 16.6%, from RMB 78.4 million, for the year ended September 30, 2023 to RMB 65.4 million, for the year ended September 30, 2024, which was mainly due to the slowdown in the progress of outsourced technical development services.

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Other income

Other income mainly represents Income from short-term investment.

Income from finance income primarily related to the bank interest settlement of the income from purchasing wealth management products. Our operating subsidiaries received income from short-term investment totaling RMB 0.3 million and R