Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 285

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 285
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Operating Activities

Net cash used in operating activities amounted to RMB 10.9 million for the year ended September 30, 2023, mainly derived from (i) advance to suppliers with the amount of approximately RMB 10.8 million; (ii) accounts receivables with the amount of approximately RMB 9.6 million, (iii) contract liabilities with the amount of approximately RMB 6.4 million and (iv) accounts payable with the amount of approximately RMB 11.4 million.

Net cash provided by operating activities amounted to RMB 19.0 million for the year ended September 30, 2024, mainly derived from (i) increased net income with the amount of approximately RMB 19.2 million and (ii) accounts receivables with the amount of approximately RMB 5.8 million; (iii) advance to suppliers with the amount of approximately RMB 1.2 million and (iv) accounts payable with the amount of approximately RMB 6.8 million.

Investing Activities

Net cash used in investing activities amounted to RMB 65,704 and RMB 3,294 for the years ended September 30, 2023 and 2024, respectively, mainly derived from cash received from acquisition subsidiaries and the purchases of property and equipment.

Financing Activities

Net cash provided by financing activities amounted to RMB 83.5 million for the year ended September 30, 2023, which included mainly derived from loans from parent and proceeds from banking facility.

Net cash used in financing activities amounted to RMB 23.5 million for the year ended September 30, 2024, which included mainly derived from loans from parent and proceeds from banking facility.

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<div align='center'>IMPLICATIONS OF BEING AN EMERGING GROWTH COMPANY</div>

New VIWO will qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other burdens that are otherwise applicable generally to public companies. These provisions include:

| ● | The ability to include only two years of audited financial statements and only two years of related management’s discussion and analysis of financial condition and results of operations disclosure; and |
| ● | An exemption from the auditor attestation requirement in the