Company: FVN
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001829126-25-000945
Chunk: 558

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 558
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 2014-08 and ASC 205-20, the Company assessed the strategic shift test, which satisfied that the disposal of Bimai represented a strategic shift and had a major effect on the Company’s operation. Thus, the disposal of Bimai was treated as a discontinued operation during the year ended September 30, 2023.

The followings are the financial details from discontinued operation:

|                                                               |     | For the       
 year ended    
 September 30, 
 2023          |            |   |     | For the       
 year ended    
 September 30, 
 2024          |   |     | For the       
 year ended    
 September 30, 
 2024          |   |
|:--------------------------------------------------------------|:----|:--------------|-----------:|:--|:----|:--------------|:--|:----|:--------------|:--|
|                                                               |     | RMB           |            |   |     | RMB           |   |     | USD           |   |
| Loss from discontinued operations, net of income tax          |     |               | (1,055,541 | ) |     |               | - |     |               | - |
| Gain from disposal                                            |     |               |  1,055,541 |   |     |               | - |     |               | - |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX        |     |               |          - |   |     |               | - |     |               | - |
| Net cash used in operating activities, discontinued operation |     |               |     (3,238 | ) |     |               | - |     |               | - |

Note 5 — Cash and cash equivalents

Cash and cash equivalents consisted of the following:

|                                                          |     |     | September 30, 
          2023 |     |     | September 30, 
          2024 |     |     | September 30, 
          2024 |
|:---------------------------------------------------------|:----|:----|--------------:|:----|:----|--------------:|:----|:----|--------------:|
|                                                          |     | RMB |               |     | RMB |               |     | USD |               |
| Cash on hand                                             |     |     |        19,745 |     |     |         7,007 |     |     |         1,000 |
| Demand deposits                                          |