Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 290

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 290
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 client contracts, and the timing for collecting accounts receivable, and repayment of accounts payable.

As reflected in our audited consolidated financial statements, we had net profit of RMB 1.6 million for the year ended September 30, 2023, as compared to net profit of RMB 19.2 million for the year ended September 30, 2024. As of September 30, 2023, we had cash and cash equivalents in aggregate of RMB 73.2 million compared to RMB 68.3 million as of September 30, 2024. We had working capital that amounted to RMB 79.2 million and RMB 75.1 million as of September 30, 2023 and 2024, respectively. Our working capital requirements are influenced by the size of our operations, the volume and value of our client contracts, and the timing for collecting accounts receivable, and repayment of accounts payable.

We believe that our current cash and cash flows provided by operating activities, loans from banks, and the estimated net proceeds from the business combination will be sufficient to meet our working capital needs in the next 12 months from the date the audited financial statements were issued. If we experience an adverse operating environment or incur unanticipated capital expenditure requirements, or if we determine to accelerate our growth, then additional financing may be required. No assurance can be given, however, that additional financing, if required, would be available at all or on favorable terms. Such financing may include the use of additional debt or the sale of additional equity securities. Any financing which involves the sale of equity securities or instruments that are convertible into equity securities could result in immediate and possibly significant dilution to our existing shareholders.

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We do not plan to pay any dividends out of our retained earnings in the foreseeable future.

The following table sets forth a summary of our cash flows for the years ended September 30, 2023 and 2024, and for the three months ended December 31, 2023 and 2024 :

|                                                      |     |       For the 
   Years Ended 
 September 30, |             |   |     |      |             |   |     |            For the 
 three months ended 
       December 31, |            |   |     |      |            |   |
|                                                      |     |          2023 |             |   |     | 2024 |             |   |     |