Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 200

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 200
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 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 VIWO Projected Financial Information.” In conducting this analysis, King Kee assumed that VIWO would perform in accordance with these projections and estimates. King Kee performed an analysis of the present value of the unlevered free cash flows that VIWO’s management projected VIWO will generate for the fiscal years 2025 through fiscal year 2029. King Kee utilized illustrative terminal values in the year 2029 based on a range of terminal multiples of 16.5x