Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 41

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 41
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 make other distributions to us could materially and adversely limit our ability to grow, make investments
or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund and conduct our business. See also “-Risks
Related to Doing Business in China-We are affected by the PRC Enterprise Income Tax Law, and we may be classified as a mainland China
‘resident enterprise’ for mainland China enterprise income tax purposes. Such classification would likely result in unfavorable
tax consequences to us and our non-mainland China shareholders and have a material adverse effect on our results of operations and the
value of your investment.”

<div align='center'>S-23</div>

If the custodians or authorized users of our controlling non-tangible assets, including chops and seals, fail to fulfill their responsibilities, or misappropriate or misuse these assets, our business and operations could be materially and adversely affected.

In mainland China, legal documents for corporate
transactions, including agreements and contracts such as the leases and sales contracts that our business relies on, are typically executed
using the chop or seal of the signing entity or with the signature of a legal representative whose designation is registered and filed
with the local branch of the State Administration for Market Regulation. We generally execute legal documents by affixing chops or seals,
rather than having the designated legal representatives sign the documents.

We have three major types of chops-corporate chops,
contract chops and finance chops. We use corporate chops generally for documents to be submitted to government agencies, such as applications
for changing business scope, directors or company name, and for legal letters. We use contract chops for executing leases and commercial
contracts. We use finance chops generally for making and collecting payments, including, but not limited to, issuing invoices. Use of
corporate chops and contract chops must be approved by our legal department and administrative department, and use of finance chops must
be approved by our finance department. The chops of our subsidiaries and the variable interest entities are generally held by the respective
entity so that documents can be executed locally. Although we usually utilize chops to execute contracts, the registered legal representatives
of our subsidiaries and the variable interest entities in mainland China have the apparent authority to enter into contracts on behalf
of such entities without chops, unless such contracts set forth otherwise. All designated legal representatives of our subsidiaries and
the variable interest entities in mainland China have signed employment agreements with us under which they agree to abide by duties they
owe to us.

In order to maintain the physical security of