Company: FVN
Filing Date: 2025-04-14
Form Type: DRS/A
Source: 0001829126-25-002616
Chunk: 55

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-04-14
Form: DRS/A
Chunk 55
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However, licensing requirements in China are constantly evolving, and New VIWO and the PRC subsidiaries may be subject to more stringent regulatory requirements due to changes in the political or economic policies in the relevant jurisdictions. We cannot assure you that the PRC subsidiaries will be able to satisfy such regulatory requirements, and as a result, the PRC subsidiaries may be unable to retain, obtain or renew relevant licenses, permits or approvals in the future.

Furthermore, the government authorities may subsequently require the PRC subsidiaries and the affiliated entities to obtain additional licenses, permits and approvals. If (i) VIWO (or New VIWO) does not receive or maintain any required permissions or approvals, (ii) VIWO (or New VIWO) inadvertently concluded that certain permissions or approvals have been acquired or are not required, or (iii) applicable laws, regulations or interpretations thereof change and VIWO (or New VIWO) becomes subject to the requirement of additional permissions or approvals in the future, there is no assurance that such permissions or approvals will be able to be obtained in a timely manner, or at all, and such approvals may be rescinded even if obtained. Any such circumstance could subject VIWO (or New VIWO) to sanctions imposed by the PRC regulatory authorities, which could include fines and penalties, proceedings against it, and other forms of sanctions, and VIWO’s (or New VIWO’s) business, financial condition and results of operations may be materially and adversely affected. For more detailed information, see “Risk Factors — Risks Relating to Doing Business in China.”

Even though VIWO does not engage in artificial intelligence development, as advised by VIWO’s PRC counsel, currently, China (including Hong Kong in the current context) does not impose specific restrictive measures for foreign investment in domestic companies 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 P