Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 572

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 572
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 ) |     |              |   (181,992 | ) |     |              |   (25,317 | ) |
| Total amount due to related parties, non-current       |     |               | 53,848,488 |   |     |              | 53,912,158 |   |     |              | 7,499,883 |   |

| (i)   | The Company borrowed from SZ Weiyixin for three years, which were subject to an interest-free term and were intended entirely as working capital support. For the three months ended December 31, 2023 and 2024, the Company obtained approximately RMB 450,000 and RMB 42,200,000 and repaid RMB nil and RMB 37,515,000, respectively.                                                                                                                                                                                                                                           |
| (ii)  | This balance was loan borrowing from related party, which were intended entirely as working capital support. This loan is unsecured and non-interest bearing and is payable on March 19, 2027. On December 19, 2024, the loan of USD 653,000 was paid off.                                                                                                                                                                                                                                                                                                                        |
| (iii) | This balance was nontrade payables arising from transactions between the Company and the related party, this loan was intended entirely as capital expenditure support. This balance is unsecured and is payable with an interest rate at 4.72% on an installment ending January 31, 2027. As of December 31, 2024, the carrying amounts of the current portion and the non-current portion were RMB 181,992 and RMB 197,158, respectively. The interest expenses for the three months ended December 31, 2023 and 2024 were approximately RMB 9,100 and RMB 9,100, respectively. |

During the three months ended December 31, 2023 and 2024, the Company obtained approximately RMB 450,000 and RMB 4,685,001 from related parties and repaid RMB 45,498 and RMB 4,720,129, respectively.

Note 6 — Taxes

Income tax

Cayman Islands

Under the current laws of the Cayman Islands, VIWO is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

Hong Kong

VIWOTech are incorporated in Hong Kong and are subject