Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 520

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 520
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 redemption in accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity”
(ASC 480). Ordinary shares subject to mandatory redemption (if any) were classified as a liability instrument and will be measured at
fair value. Conditionally redeemable ordinary shares (including ordinary shares that features redemption rights that are either within
the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control)
were classified as temporary equity. At all other times, ordinary shares were classified as stockholders’ equity. In accordance
with ASC 480-10-S99, the Company classified the ordinary shares subject to redemption outside of permanent equity as the redemption provisions
are not solely within the control of the Company.

Given that the 5,750,000 ordinary shares sold
as part of the units in the IPO were issued with other freestanding instruments (i.e., rights), the initial carrying value of ordinary
shares classified as temporary equity has been allocated to the proceeds determined in accordance with ASC 470-20. If it is probable
that the equity instrument will become redeemable, the Company has the option to either (i) accrete changes in the redemption value over
the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later)
to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust
the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize
the changes in redemption value as a charge against retained earnings or, in the absence of retained earnings, as a charge against additional
paid-in-capital over an expected 18-month period, which is the initial period that the Company has to complete a Business Combination.

For the period from January 30, 2024 (inception)
through December 31, 2024, the Company recorded accretion of ordinary share subject to redemption value of $1,332,947.

<div align='center'>F-13</div>

<div align='center'>FUTURE VISION II ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

December 31, 2024</div>

Ordinary shares subject to possible redemption
reflected in the balance sheet are recorded in the following table:

| Gross proceeds                                                    |     | $ | 57,500,000 |   |
|