Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 200

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 200
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 conditioned on the satisfaction of certain closing conditions that are not within Future Vision’ control;                                                                                                                                                                                                                                                  |
| ● | the possibility of litigation challenging the Business Combination or that an adverse judgment granting permanent injunctive relief could indefinitely enjoin consummation of the Business Combination;                                                                                                                                                                                                            |
| ● | the inability to maintain the listing of VIWO’s securities on Nasdaq following the Business Combination;                                                                                                                                                                                                                                                                                                           |
| ● | the significant fees and expenses associated with completing the Business Combination and the substantial time and effort of management required to complete the Business Combination;                                                                                                                                                                                                                             |
| ● | the potential conflicts of interest of the Sponsor and Future Vision’s officers and directors in the Business Combination; and                                                                                                                                                                                                                                                                                     |
| ● | the other risks described in the “Risk Factors” section of this proxy statement                                                                                                                                                                                                                                                                                                                                    |

The Future Vision Board concluded that these risks could be managed or mitigated by VIWO or were unlikely to have a material impact on the Business Combination or VIWO, and that, overall, the potentially negative factors or risks associated with the Business Combination were outweighed by the potential benefits of the Business Combination to Future Vision and its shareholders. The Future Vision Board realized that there can be no assurance about future results, including results considered or expected as disclosed in the foregoing reasons. The foregoing discussion of the material factors considered by the Future Vision Board is not intended to be exhaustive, but does set forth the principal factors considered by the Future Vision Board. Accordingly, after considering the foregoing potentially negative and potentially positive reasons, the Future Vision Board unanimously determined that the Merger Agreement, and the transactions contemplated thereby, including the Business Combination, were advisable, fair to, and in the best interests of, Future Vision and its shareholders.

Valuation Report From King Kee

On November 18, 2024, Future Vision’s board of directors engaged King Kee Appraisal and Advisory Limited (“KKG”) to investigate VIWO and provide an independent analysis on the fair value of 100% equity interest of VIWO as at September 30, 2024. On November 25, 2024, KKG reported to the Future Vision board of directors on its valuation of 100% equity of VIWO. The valuation was carried out on a fair value basis. KKG was paid a fee of $35,000 upon engagement for its services.

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The valuation of the 100% equity interest in VIWO Technology Inc. was developed through the application of an income approach known as discount cash