Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 576

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 576
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2023, three customers accounted for 24%, 14% and 11% of the Company’s total revenues, respectively.

As of December 31, 2024, four customers accounted for 35%, 34%, 20% and 11% of the Company’s accounts receivable, respectively. As of September 30, 2024, three customers accounted for 39%, 36% and 25% of the Company’s accounts receivable, respectively.

Vendor concentration risk

For the three months ended December 31, 2024, five vendors accounted for 23%, 22%, 12%, 10% and 10% of the Company’s total purchases, respectively. For the three months ended December 31, 2023, two vendors accounted for 19% and 19% of the Company’s total purchases, respectively.

As of December 31, 2024, three vendors accounted for 57%, 17% and 11% of the Company’s accounts payable, respectively. As ofSeptember 30, 2024, three vendors accounted for 65%, 18% and 13% of the Company’s accounts payable, respectively.

<div align='center'>F-62</div>

Note 8 —Leases

Lease commitments

Foroperating 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 December 31, 2024, the Company had two non-cancellable lease contracts.

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

|                                           |     | September 30, |         |     | December 31, |         |     | December 31, |        |
|                                           |     |          2024 |         |     |         2024 |         |     |         2024 |        |
|                                           |     |           RMB |         |     |          RMB |         |     |          USD |        |
| Operating lease right-of-use assets       |     |               | 143,014 |     |              | 325,647 |     |              | 45,302 |
| Operating lease liabilities - current     |     |               | 127,135 |     |              | 223,647 |     |              | 31,112 |
| Operating lease liabilities - non-current |     |