Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 287

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 287
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.6%, from RMB
78.4 million, for the year ended September 30, 2023 to RMB 65.4 million, for the year ended September 30, 2024, which was mainly
due to the slowdown in the progress of outsourced technical development services.

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Other income

Other income mainly
represents Income from short-term investment.

Income from finance
income primarily related to the bank interest settlement of the income from purchasing wealth management products. Our operating subsidiaries
received income from short-term investment totaling RMB 0.3 million and RMB 1.2 million (USD 0.2 million) for the years ended September 30,
2023 and 2024, respectively, and recognized as other income when they were received because they were not subject to any past or future
conditions.

Finance expenses primarily
related to interest expense on loans. Our operating subsidiaries accrued finance expenses totaling RMB 0.2 million and RMB 0.5 million
(USD 0.07 million) for the years ended September 30, 2023 and 2024, respectively.

Provision for income taxes

Our operating subsidiaries
are subject to income taxes within PRC at the applicable tax rate on taxable income. Our income tax expenses increase RMB 3.4 million
or 3809.9%, from RMB 0.09 million, for the year ended September 30, 2023 to RMB 3.5 million, for the year ended September 30,
2024.

As a result of the
foregoing, we reported a net profit of RMB 1.6 million for the year ended September 30, 2023, as compared to a net profit of RMB
19.2million for the year ended September 30, 2024.

Foreign currency translation
adjustment amounted to RMB (5,985) and RMB (262,603) for the years ended September 30, 2023 and 2024, respectively. The balance
sheet amounts, with the exception of equity, on September 30, 2024 were translated at $1.00 to RMB 7.0074, as compared to $1.00
to RMB 7.1798 on September 30, 2023. The equity accounts were stated at their historical rate. The average translation rates applied
to the income statements accounts for the