Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 55

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 55
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 engaged in artificial intelligence
development. Such investment activities are not explicitly delineated within existing and relevant regulatory restrictions, such as the
negative list of the Ministry of Commerce. However, those engaged in artificial intelligence development in China must strictly abide
by Chinese laws and regulations on data security and privacy protection. Notably, cross-border transmission of user data will require
mandatory security assessment carried out in accordance with relevant regulations such as the Cybersecurity Law to ensure the legality
and security of the data. However, VIWO’s business does not implicate cross-border transmission of user data.

In addition, the PRC government has recently sought to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers. The PRC subsidiaries and the affiliated entities may also experience adverse publicity arising from such non-compliance with government regulations that negatively impact us. For more detailed information, see “Risk Factors — Risks Relating to Doing Business in China — The approval of and filing with the CSRC or other PRC government authorities is required in connection with this Business Combination of our listing under laws of mainland China. However, we cannot predict whether or when we will be able to obtain such approval or complete such filing, and even if we obtain such approval, it could be rescinded. Any failure to or delay in obtaining such approval or complying with such filing requirements in relation to offering, or a rescission of such approval, could subject us to sanctions imposed by the CSRC or other PRC government authorities.”

Cash and Asset Flows through New VIWO’s Organization

New VIWO is a holding company with no operations of its own. VIWO currently conducts its operations through its subsidiaries in China. As a result, following consummation of the Business Combination, New VIWO’s ability to pay dividends to the shareholders and to service any debt it may incur may depend upon dividends paid by its subsidiaries. If any of its subsidiaries incurs debt on its own behalf in the future, the instruments governing such debt may restrict its ability to pay dividends to New VIWO. In addition, its PRC subsidiaries are permitted to pay dividends to New VIWO only out of their accumulated after-tax-profits upon satisfaction of relevant statutory conditions and procedures, if any, as determined in accordance with PRC accounting standards and regulations. Further, its PRC subsidiaries are required to make appropriations to certain statutory reserve funds or may make appropriations to certain discretionary funds, which are not distributable as cash dividends except in the event of a solvent liquidation of the