Company: FVN
Filing Date: 2025-01-07
Form Type: DRS/A
Source: 0001829126-25-000092
Chunk: 273

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-01-07
Form: DRS/A
Chunk 273
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2023 to 28.8% for the year ended September 30, 2024, mainly due to the business volume of AI+Martech services has declined to some extent, resulting in a decrease in the gross profit margin.

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Operating expenses

Our operating expenses consist of the following:

|                                     |     | For the Years Ended September 30, |             |   |     |      |             |   |     |          |            |   |     |          |       |    |
|                                     |     |                              2023 |             |   |     | 2024 |             |   |     | Variance |            |   |     | % of     
 variance |       |    |
| Selling and marketing expenses      |     |                                   | (1,677,410  | ) |     |      | (2,047,345  | ) |     |          |   (369,935 | ) |     |          |  22.1 | %  |
| General and administrative expenses |     |                                   | (7,551,849  | ) |     |      | (5,440,351  | ) |     |          |  2,111,498 |   |     |          | (28.0 | )% |
| Research and development expenses   |     |                                   | (78,436,350 | ) |     |      | (65,412,580 | ) |     |          | 13,023,770 |   |     |          | (16.6 | )% |
| Total operating expenses            |     |                                   | (87,665,609 | ) |     |      | (72,900,276 | ) |     |          | 14,765,333 |   |     |          | (16.8 | )% |

Our selling and marketing expenses mainly represented the salary of marketing personnel. Our selling and marketing expenses increased by RMB 0.4 million, or 22.1%, from RMB 1.7 million, for the year ended September 30, 2023 to RMB 2.0 million, for the year ended September 30, 2024, which was mainly due to we have expanded our sales team.

Our general and administrative expenses mainly represented payroll expenses, amortization of operating lease right-of-use assets, and service costs. Our general and administrative expenses decreased by RMB 2.