Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 579

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 579
---
determine the operating lease liabilities is 3.70%.

Note 9 — Shareholders’ equity

Ordinary shares

TheCompany was established under the laws of Cayman Islands. To complete the reorganization, the Company issued 55,000,000 and 45,000,000 ordinary shares of par value USD 0.00005 to its original shareholders on June 27, 2023 and December 1, 2023, respectively. The shares and per share information are presented on a retroactive basis for the periods presented, to reflect the reorganization completed on December 1, 2023.

The
Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiary.
Relevant PRC statutory laws and regulations permit payments of dividends by VIWO PRC entities only out of its retained earnings, if any,
as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying unaudited
consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements
of VIWO PRC entities.

As
a result of the foregoing restrictions, VIWO PRC entities are restricted in their ability to transfer their assets to the Company. Foreign
exchange and other regulation in the PRC may further restrict VIWO PRC entities from transferring funds to the Company in the form of
dividends, loans and advances. As of December 31, 2024, amounts restricted are the paid-in-capital and statutory reserve of VIWO PRC
entities, which amounted to RMB 2,538,542 (USD 353,144).

<div align='center'>F-64</div>

Note 10 — Commitments and contingencies

In
the normal course of business, we are subject to loss contingencies, such as legal proceedings and claims arising out of its business,
that cover a wide range of matters, including, among others, government investigations and tax matters. In accordance with ASC No. 450-20,
“Loss Contingencies”, we will record accruals for such loss contingencies when it is probable that a liability has been incurred
and the amount of loss can be reasonably estimated.

We
are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal
proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect