Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 545

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 545
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 adopting ASU 2023-09.

Except as mentioned above, the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.

Note 3 — Business combination

On December 23, 2022, the
Company entered into Acquisition Framework Agreement to acquire 100% equity interests of Beijing Younike Information Technology Co.,
Ltd. (“Younike”), a provider of Martech Service. The aggregate purchase price is RMB 0, and the transaction consummated on
January 1, 2023.

The Company’s acquisition
of Younike was accounted for as business combination in accordance with ASC 805. The Company then allocated the fair value of consideration
of Younike based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. The Company
estimated the fair values of the assets acquired and liabilities assumed at the acquisition date in accordance with the Business Combination
standard issued by the FASB with the valuation methodologies using level 3 inputs, except for other current assets and current liabilities
were valued using the cost approach. The management of the Company is responsible for determining the fair value of assets acquired,
and liabilities assumed as of the acquisition date. Acquisition-related costs incurred for the acquisitions are not material and have
been expensed as incurred in general and administrative expenses.

The following table summarizes
the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date, which represents the net purchase
price allocation on the date of the acquisition of Younike and translated the fair value from RMB to USD using the exchange rate on January 1,
2023 at the rate of USD 1.00 to RMB 6.9646.

|                                  |     | Fair value |            |   |     | Fair value |          |   |
|                                  |     | RMB        |            |   |     | USD        |          |   |
| Cash                             |     |            |     21,936 |   |     |            |    3,150 |   |
| Accounts                         
 receivable                       |     |            |  5,264,830 |   |     |            |  755,943 |   |
| Advance                          
 to suppliers                     |     |            |    220,000 |   |     |            |   31,588 |   |