Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 113

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 113
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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 remain. There is no guarantee that the PCAOB will
continue to have sufficient access for inspections or investigations in the future; any future determination by the PCAOB that it is obstructed
could re-introduce delisting risks under the HFCAA. Moreover, ongoing PCAOB inspections may result in findings or enforcement actions
against audit firms operating in China and Hong Kong, potentially leading to sanctions, required changes in auditors, or generally impacting
investor confidence in China-based issuers listed in the United States. Economic conditions in China are sensitive to global economic
conditions, as well as changes in domestic economic and political policies and the expected or perceived overall economic growth rate
in China. Any severe or prolonged 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.

Furthermore, as part of a continued regulatory focus in the United States on access to audit and other information currently protected by national law, in particular China’s, on December 18, 2020, U.S. President Donald J. Trump signed the Holding Foreign Companies Accountable Act into law, which requires the SEC to propose rules within 90 days after its enactment to prohibit securities of any registrant from being listed on any of the U.S. securities exchanges or traded “over the counter” if the auditor of the registrant’s financial statements is not subject to PCAOB inspection for three consecutive years after the law becomes effective. The Holding Foreign Companies Accountable Act and any proposed SEC rules may have a material and adverse impact on the stock performance of China-based companies listed in the United States. Economic conditions in China are sensitive to global economic conditions, as well as changes in domestic economic and political policies and the expected or perceived overall economic growth rate in China. Any severe or prolonged