Company: FVN
Filing Date: 2025-05-02
Form Type: S-4
Source: 0001829126-25-003304
Chunk: 204

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-02
Form: S-4
Chunk 204
---
 Idea Cloud Holdings Limited |     | SEHK:6696   |     |                       |   0.3 |     | 0.1x  |
| Average                          |     |             |     |                       |       |     | 2.6x  |

<div align='center'>116</div>

Summary of Financial Analysis of VIWO

The following is a summary of the material financial analyses reviewed by Future Vision in connection with the valuation of VIWO. The summary set forth below does not purport to be a complete description of the financial analyses reviewed or factors considered by us nor does the order of the financial analyses described represent the relative importance or weight given to those financial analyses reviewed by the Board of Directors. We may have deemed various assumptions more or less probable than other assumptions, so the reference ranges resulting from any particular portion of the analyses summarized below should not be taken to be our view of the actual value of VIWO.

Selected Market Analyses

Future Vision reviewed certain financial information of VIWO and the structure of the proposed Business Combination and reviewed VIWO management’s forecast and its existing business and business plan.

Certain VIWO Projected Financial Information

The projections regarding VIWO’s future performance and the review by Future Vision’s Board of Directors reflect and consider numerous assumptions made by VIWO management, including material assumptions regarding, among other things,

| ● | VIWO’s ability to successfully identify suitable strategic opportunities, complete desired strategic transactions, or realize their expected benefits;                               |
| ● | VIWO’s ability to compete for strategic transactions with other potential players, some of whom may have greater resources than the combined company will;                           |
| ● | VIWO’s ability to form strategic relationships with partners that operate with adequate profit margin as compared with VIWO or which would increase overall profit margins for VIWO; |
| ● | VIWO’s ability to implement its business model in every local market that it enters;                                                                                                 |
| ● | VIWO’s ability to finance strategic transactions and the potential costs of such financing (whether it be debt or equity or a combination thereof);                                  |
| ● | changing government regulations;                                                                                                                                                     |

The VIWO projections were prepared by taking into account the following:

| ● | VIWO’s historical performance in 2023 and 2024;                                  |
| ● | VIWO’s historical performance in its ability to prepare for the market in China; |

The competitive landscape was analyzed, to assess the addressable market and to forecast the future pipeline of Business intelligence digital technology.

The timeframe