Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 605

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 605
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 (184,168 | ) |     |      | (3,489,651 | ) |     |      | (486,146 | ) |

Uncertain tax positions

The
Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical
merits, and measure the unrecognized benefits associated with the tax positions. As of September 30, 2024 and March 31, 2025, the Company
did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related to potential
underpaid income tax expenses for the three and six months ended March 31, 2024 and 2025 and does not anticipate any significant increases
or decreases in unrecognized tax benefits in the next 12 months from March 31, 2025.

Value added taxes (“VAT”) and goods and services taxes (“GST”)

Revenue
represents the invoiced value of service, net of VAT or GST. The VAT and GST are based on gross sales price and VAT rates range up to
13% in China, depending on the type of service provided or product sold.

Taxes
payable consisted of the following:

|                      |     | September 30, |           |     | March 31, |           |     | March 31, |           |
|                      |     |          2024 |           |     |      2025 |           |     |      2025 |           |
|                      |     |           RMB |           |     |       RMB |           |     |       USD |           |
| VAT taxes payable    |     |               |    75,383 |     |           |   203,470 |     |           |    28,346 |
| Income taxes payable |     |               | 3,476,874 |     |           | 7,036,380 |     |           |   980,243 |
| Other taxes          
 payable              |     |               |     4,151 |     |           |     3,550 |     |           |       494 |
| Totals               |     |               | 3,556,408 |     |           | 7,243,400 |     |           | 1,009,083 |

<div align='center'>F-75</div>

Note 8 — Concentration of risk

Credit risk

Financialinstruments that potentially subject the Company to significant concentrations of