Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 161

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 161
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 rights through U.S. courts may be limited, because New VIWO is incorporated under Cayman Islands law.

New VIWO is an exempted company incorporated under the laws of the Cayman Islands. New VIWO’s corporate affairs are governed by its memorandum and articles of association, the Companies Act (As Revised) of the Cayman Islands and the common law of the Cayman Islands. The rights of shareholders to take action against New VIWO’s directors, actions by New VIWO’s minority shareholders and the fiduciary duties of New VIWO’s directors to New VIWO under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as from the common law of England, the decisions of whose courts are of persuasive authority, but are not binding, on a court in the Cayman Islands. The rights of New VIWO’s shareholders and the fiduciary duties of New VIWO’s directors under Cayman Islands law are not as clearly established as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular, the Cayman Islands have a less developed body of securities laws than the United States. Some U.S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the Cayman Islands. In addition, Cayman Islands companies may not have standings to initiate a shareholder derivative action in a federal court of the United States.

Shareholders of Cayman Islands exempted companies like New VIWO have no general rights under Cayman Islands law to inspect corporate records (save for New VIWO’s memorandum and articles of association, register of mortgages and charges and any special resolutions of New VIWO’s shareholders) or to obtain copies of lists of shareholders of these companies. New VIWO’s directors have discretion under its articles of association that will become effective immediately prior to completion of the Business Combination to determine whether or not, and under what conditions, its corporate records may be inspected by its shareholders, but are not obliged to make them available to its shareholders. This may make it more difficult for you to obtain the information needed to establish any facts necessary for a shareholder motion or to solicit proxies from other shareholders in connection with a proxy contest.

As a result of all of the above, New VIWO’s public shareholders may have more difficulty in protecting their interests in the face of actions taken by New VIWO’s management, users of