Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 290

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 290
---
,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 2.1 million, or 28.0%, from RMB 7.6 million, for the year ended September 30, 2023 to RMB
5.4 million, for the year ended September 30, 2024, which was mainly due to the reverse of bad debt allowance. We expect our general
and administrative expenses, including, but not limited to, staff costs, to increase in the foreseeable future, as our business further
grows. We expect our amortization of operating lease right-of-use assets to remain consistent unless we need to further expand our office
spaces due to the expansion of our business. We expect our legal and professional fees for legal, audit, and consulting services will
increase as we will incur audit, legal and advisory fees for the business combination.

Our research and development
expenses mainly represented salaries and other compensation-related expenses to the Company’s research and product development
personnel, as well as office rental, depreciation and related expenses for the Company’s research and product development team,
and outsourced subcontractors’ expenses. Our research and development expenses decreased by RMB 13.0 million, or 16.6%, from RMB
78.4 million, for