Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 121

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 121
---
 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 of the PRC be notified in advance of any change-of-control transaction in which a foreign investor takes control of a PRC domestic enterprise. Moreover, the Anti-Monopoly Law promulgated by the Standing Committee of the National People’s Congress, which became effective in 2008 and amended in 2022, requires that transactions which are deemed concentrations and involve parties with specified turnover thresholds must be cleared by anti-monopoly law enforcement agency under the State Council before they can be completed. In addition, the Implementation of Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors issued by the Ministry of Commerce and became effective in September 2011 specify that mergers and acquisitions by foreign investors that raise “national defense and security” concerns and mergers and acquisitions through which foreign investors may acquire de facto control over domestic enterprises that raise “national security” concerns are subject to strict review by the Ministry of Commerce, and the rules prohibit any activities attempting to bypass a security review, including by structuring the transaction through a proxy or contractual control arrangement.

<div align='center'>66</div>

In the future, VIWO may pursue potential strategic acquisitions that are complementary to VIWO’s business and operations. Complying
with the requirements of the above-mentioned regulations and other rules to complete such transactions could be time-consuming, and any
required approval processes, including obtaining approval or clearance from the Ministry of Commerce, may delay or inhibit VIWO’s
ability to complete such transactions, which could affect VIWO’s ability to expand its business or maintain VIWO’s market
share. Furthermore, according to the M&A Rules, if a PRC entity or individual plans to merger or acquire its related P