Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 279

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 279
---
 customers and increase the average revenue per customer will depend on the development of the intelligent digital technology service market and its continuous improvement of the quality and capabilities of its intelligent digital technology algorithm services, enabling VIWO to provide better services to customers.

Investment in Technology and Talent

VIWO invests a large amount of capital and energy in researching and developing business intelligence digital technology use cases and product solutions to maintain its competitiveness in the computer and internet industries. In order to retain existing customers and attract potential customers, VIWO must continuously innovate to keep up with the development of the industry and VIWO’s business and introduce new cutting - edge technologies. VIWO’s current R & D efforts mainly focus on enhancing its business intelligence technology, image processing technology, and application solutions to create new services and products. As of September 30, 2023, and September 30, 2024, VIWO invested approximately RMB 78.4 million and RMB 65.4 million (USD 9.3 million) in R&D respectively. In addition, in 2023, VIWO applied for 5 patents and 15 software copyrights, and in 2024, it applied for 25 software copyrights.

Market demand and competition

Our financial performance largely depends on the demand in the Business intelligence digital technology markets. The changes in market demand depend on the interaction of various factors, including the global economic climate and China’s social, economic, and market conditions.

The competition in China’s streaming media and advertising industry is very fierce. Although we are a leader in the Chinese industry, especially in the Business intelligence digital technology services market, we may face competition from existing competitors or market newcomers who may be able to provide higher quality services at lower prices. If we are unable to maintain or enhance our competitiveness in the industry, it may lead to a decrease in gross profit margin and a loss of market share, which may have an adverse impact on our profitability and business performance.

Our ability to acquire and retain customers

The corporate clients we serve are relatively unique. We do not directly target individual consumers. Therefore, we will not promote our services on mass media such as television or radio advertisements. Most of our customer base directly contacts us through recommendations, reputation, and online search. We participated in exhibitions to showcase our technology and general brand promotion capabilities, and we did not engage in any sales driven marketing activities to attract new customers.

Difficulty in retaining and recruiting Intelligent digital technology and other skilled workers

Our operating subsidiary relies on a skilled R&D team, including programmers in