Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 105

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 105
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that VIWO conducts through its subsidiaries is not subject to 2024 Negative List.

The United States’ restrictions on investments in Chinese AI technology, effective since 2025, present potential challenges and uncertainties for VIWO’s AI initiatives in China. These restrictions, part of a broader US government effort to address national security concerns related to technological competition, may curtail US investment in VIWO’s projects, potentially hindering project financing and collaborative opportunities with US entities. Should VIWO have planned engagements with third parties or capital subject to such restrictions, then such restrictions could significantly impact VIWO’s ability to secure necessary cooperation or capital.

Furthermore, these policies may limit VIWO’s access to advanced AI technologies and collaborative ventures originating in the United States. This restricted access could impede VIWO’s ability to integrate cutting-edge advancements, potentially slowing the pace of their technological innovation and development. The ability to introduce, participate in, and benefit from international technical exchanges and cooperation projects may also be negatively affected.

The evolving regulatory landscape in the US, driven in part by national security considerations, could also prompt strategic adjustments among other market participants. Such shifts may intensify competition within the Chinese AI market, as VIWO may encounter increased pressure from domestic and international competitors not subject to the same US restrictions. Consequently, VIWO will need to prioritize continuous enhancement of its technological capabilities and market competitiveness to effectively navigate these market dynamics.

If the chops of VIWO’s PRC subsidiaries and their respective subsidiaries, are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised.

In China, a company chop or seal serves as the legal representation of the company towards third parties even when unaccompanied by a signature. Each legally registered company in China is required to maintain a company chop, which must be registered with the local Public Security Bureau. In addition to this mandatory company chop, companies may have several other chops which can be used for specific purposes. The chops of VIWO’s PRC subsidiaries are generally held securely by personnel designated or approved by VIWO in accordance with its internal control procedures. To the extent those chops are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised and those corporate entities may be bound to abide by the terms of any documents so chopped, even if they were chopped by an individual who lacked the requisite power and authority to do so. In addition, if the chops are misused