Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 51

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 51
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WO plans to retain future earnings to support business expansion and does not expect to pay any cash dividends in the foreseeable future. While New VIWO may consider paying dividends in the future, its ability to do so depends on receiving funds from VIWO and VIWO’s subsidiaries, which operate in China. This creates a significant risk because the Chinese government controls currency conversion and can impose restrictions on transferring cash between New VIWO and its subsidiaries, and investors.

See “Risk Factors—Risks Relating to Doing Business in the PRC—P RC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent VIWO from using the proceeds it receives from offshore financing activities to make loans to or make additional capital contributions to VIWO’s PRC subsidiaries, which could materially and adversely affect VIWO’s liquidity and its ability to fund and expand business”

Furthermore, any cash or assets held within China might be difficult to access for operations or use outside the country due to potential government intervention or restrictions on transfers. There’s no guarantee that the Chinese government won’t impose such restrictions.

See “Risk Factors—Risks Related to Our Corporate Structure—We are a holding company and will rely on dividends paid by our subsidiaries for our cash needs. Any limitation on the ability of our subsidiaries to make dividend payments to us, or any tax implications of making dividend payments to us, could limit our ability to pay our parent company expenses or pay dividends to holders of our ordinary shares.”

Mitigating the Risk:

To manage these challenges, VIWO has in effect, and New VIWO will implement similar cash management policies to ensure efficient and compliant fund transfers between the companies and their subsidiaries. These policies include:

Approval processes: Ensuring that only authorized personnel can initiate transactions.

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Proper record-keeping: Facilitating audits and financial reviews.

Compliance with regulations: Adhering to all applicable laws, including anti-money laundering and know-your-customer rules.

Despite these measures, the risk remains that Chinese government regulations could significantly hinder New VIWO’s ability to access funds and distribute dividends to its shareholders. Investors should carefully consider this risk before investing in New VIWO.

The Holding Foreign Companies Accountable Act

Pursuant to the HFCAA, if the SEC determines that we have filed audit reports issued by a registered public accounting firm that has not been subject to inspections by the PCAOB for two consecutive years, the SEC will prohibit our securities from being traded on a national securities