Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 572

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 572
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 Under the Enterprise Income Tax Laws of the PRC (the “EIT Laws”), domestic enterprises and Foreign Investment Enterprises (the “FIE”) are usually subject to a unified 25% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis. EIT grants preferential tax treatment to certain High and New Technology Enterprises (“HNTEs”). Under this preferential tax treatment, HNTEs are entitled to an income tax rate of 15%, subject to a requirement that they re-apply for HNTE status every three years.

Significant
components of the provision for income taxes are as follows:

|                     |     | For the three months ended |          |   |     |              |            |   |     |              |          |   |
|                     |     |               December 31, |          |   |     | December 31, |            |   |     | December 31, |          |   |
|                     |     |                       2023 |          |   |     |         2024 |            |   |     |         2024 |          |   |
|                     |     |                        RMB |          |   |     |          RMB |            |   |     |          USD |          |   |
| Current             
 income tax expenses |     |                            | (154,779 | ) |     |              | (1,608,150 | ) |     |              | (223,715 | ) |
| Total income        
 tax expenses        |     |                            | (154,779 | ) |     |              | (1,608,150 | ) |     |              | (223,715 | ) |

Uncertain tax positions

The
Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical
merits, and measure the unrecognized benefits associated with the tax positions. As of September 30, 2024 and December 31, 2024, the
Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related
to potential underpaid income tax expenses for the three months ended December 31, 2023 and 2024 and does not anticipate any significant
increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2024.

Value added taxes (“VAT”) and goods and services taxes (“GST”)

Revenue