Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 281

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 281
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970    | ) |     |      | (598,235    | ) |     |          |    40,735 |   |     |          |  (6.4 | )% |
| General                     
 and administrative expenses |     |                                  | (2,143,523  | ) |     |      | (2,546,512  | ) |     |          |  (402,989 | ) |     |          |  18.8 | %  |
| Research                    
 and development expenses    |     |                                  | (15,574,998 | ) |     |      | (13,123,404 | ) |     |          | 2,451,594 |   |     |          | (15.7 | )% |
| Total                       
 operating expenses          |     |                                  | (18,357,491 | ) |     |      | (16,268,151 | ) |     |          | 2,089,340 |   |     |          | (11.4 | )% |

Our general and administrative expenses mainly represented payroll expenses, amortization of operating lease right-of-use assets, and service costs. Our general and administrative expenses increased by RMB 0.4 million, or 18.8%, from RMB 2.1 million for the three months ended March 31, 2024 to RMB 2.5 million, for the three months ended March 31, 2025, which was mainly due to the increase of our legal and professional fees for the business combination. We expect our general and administrative expenses, including, but not limited to, staff costs, to increase in the foreseeable future, as our business further grows. We expect our amortization of operating lease right-of-use assets to remain consistent unless we need to further expand our office spaces due to the expansion of our business. We expect our legal and professional fees for legal, audit, and consulting services will increase as we will incur audit, legal and advisory fees for the business combination.

Our research and development expenses mainly represented salaries and other compensation-related expenses to the Company’s research and product development personnel, as well as office rental, depreciation and related expenses for the Company’s research and product development team, and outsourced subcontractors’ expenses. Our research and development expenses decreased by RMB 2.5 million, or 15.7%, from RMB 15.6 million, for the three months ended March 31, 2024