Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 123

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 123
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 labor contracts, minimum wages, paying remuneration, determining the term of employees’ probation and unilaterally terminating labor contracts. Due to lack of detailed interpretative rules and uniform implementation practices and broad discretion of the local competent authorities, it is uncertain as to how the labor contract law and its implementation rules will affect VIWO’s current employment policies and practices. VIWO’s employment policies and practices may violate the labor contract law or its implementation rules, and VIWO may thus be subject to related penalties, fines or legal fees. Compliance with the labor contract law and its implementation rules may increase VIWO’s operating expenses, in particular VIWO’s personnel expenses. In the event that VIWO decides to terminate some of VIWO’s employees or otherwise change VIWO’s employment or labor practices, the labor contract law and its implementation rules may also limit VIWO’s ability to effect those changes in a desirable or cost-effective manner, which could adversely affect VIWO’s business and results of operations. According to the Social Insurance Law and the Regulations on the Management of Housing Fund, employees must participate in pension insurance, work-related injury insurance, medical insurance, unemployment insurance and maternity insurance and housing funds, and the employers must, together with their employees or separately, pay the social insurance premiums and housing funds for such employees.

As the interpretation and implementation of these laws and regulations are still evolving, VIWO cannot assure you that VIWO’s employment practice will at all times be deemed in full compliance with labor-related laws and regulations in China, which may subject VIWO to labor disputes or government investigations. If VIWO is deemed to have violated relevant labor laws and regulations, VIWO could be required to provide additional compensation to VIWO’s employees and VIWO’s business, financial condition and results of operations could be materially and adversely affected.

Further, labor disputes, work stoppages or slowdowns at VIWO’s operations or any of VIWO’s third-party service providers could significantly disrupt daily operation or VIWO’s expansion plans and have a material adverse effect on VIWO’s business.

The M&A Rules and certain other PRC regulations may make it more difficult for VIWO to pursue growth through acquisitions.

The Regulations on Mergers and Acquisitions of Domestic Companies by Foreign Investors, or the M&A Rules, adopted by six PRC regulatory agencies in 2006 and amended in 2009, and some other regulations and rules concerning mergers and acquisitions established complex procedures and requirements for acquisition of Chinese companies by foreign investors, including requirements in some instances that the Ministry of Commerce