Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 564

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 564
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 total purchases, respectively.

As of September 30, 2023, four vendors accounted for 54%, 13%, 11% and 10% of the Company’s accounts payable, respectively. As of September 30, 2024, three vendors accounted for 65%, 18%, and 13% of the Company’s accounts payable, respectively.

<div align='center'>F-55</div>

Note 12 —Leases

Lease commitments

For operating leases, we calculated right of use assets and lease liabilities based on the present value of the remaining lease payments as of the date of adoption using the incremental borrowing rate, in accordance with ASC 842, Leases.

As of September 30, 2024, the Company had two non-cancellable lease contracts.

Supplemental balance sheet information related to operating lease was as follows:

|                                           |     |     | September 30, 
          2023 |     |     | September 30, 
          2024 |     |     | September 30, 
          2024 |
|:------------------------------------------|:----|:----|--------------:|:----|:----|--------------:|:----|:----|--------------:|
|                                           |     | RMB |               |     | RMB |               |     | USD |               |
| Operating lease right-of-use assets       |     |     |       413,206 |     |     |       143,014 |     |     |        20,409 |
| Operating lease liabilities - current     |     |     |       392,105 |     |     |       127,135 |     |     |        18,143 |
| Operating lease liabilities - non-current |     |     |             - |     |     |             - |     |     |             - |
| Total operating lease liabilities         |     |     |       392,105 |     |     |       127,135 |     |     |        18,143 |

A summary of operating lease expenses recognized in the Company’s consolidated statements of income is as follows:

|                                |     | For the years ended | September 30, 
          2023 |     |     | September 30, 
          2024 |     |     | September 30, 
          2024 |
|:-------------------------------|:----|:--------------------|--------------:|:----|:----|--------------:|:----|: