Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 201

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 201
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 provide an independent analysis on the fair value of 100% equity interest of VIWO as at September 30, 2024. On November 25, 2024, KKG reported to the Future Vision board of directors on its valuation of 100% equity of VIWO. The valuation was carried out on a fair value basis. KKG was paid a fee of $35,000 upon engagement for its services.

The valuation of the 100% equity interest in VIWO Technology Inc. was developed through the application of an income approach known as discount cash flow methodology and cross-checked by market approach. Income approach was known as discount cash flow methodology, under this method, the equity result depends on the present worth of future economic benefits to be derived from the projected sales income. Indication of the result is developed by discounting projected future net cash flows available for payment of shareholders’ interest to their present worth. Market approach was known as comparable company methodology; Market approach considers prices recently paid for similar assets. with adjustment made to market prices to reflect condition and utility of the appraised assets relative to the market comparative.

The conclusion of value is based on accepted valuation procedures and practices that rely substantially on the use of numerous assumptions and the consideration of various factors that are relevant to the operation of VIWO. And the various risks and uncertainties that have potential impact on the businesses also have been considered.

The following factors form an integral part of the basis of the valuation opinion:

| ● | Assumptions on the market and the asset that are considered to be fair and reasonable; |

| ● | Financial performance that shows a consistent trend of the operation; |

| ● | Consideration and analysis on the micro and macro economy affecting the subject asset; |

| ● | Analysis on tactical planning, management standard and synergy of the subject asset; |

| ● | Analytical review of the subject asset; and |

| ● | Assessment of the leverage and liquidity of the subject asset. |

The following is a summary of the material financial analyses delivered by KKG to the Board of Directors of Future Vision in connection with rendering the valuation opinion described above. The following summary, however, does not purport to be a complete description of the financial analyses performed by KKG.

Discounted Cash Flow Analysis

King Kee utilized the financial projections and estimates regarding VIWO prepared by VIWO and supplied to King Kee by Future Vision, to perform a discounted cash flow analysis of VIWO. The projections and estimates supplied to and utilized by King Kee are summarized below under “Certain