Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 45

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 45
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 Unlike common law
systems, it is a system in which decided legal cases may be of reference value but have less precedential value. The legal system in China
evolves rapidly with little advance notice, and the interpretations of laws, regulations, and rules may contain uncertainties. These uncertainties
could limit the legal protections available to us. In addition, we cannot predict the effect of future developments in the PRC legal system,
changes to existing laws or the interpretation or enforcement thereof, or the preemption of local regulations by national laws. Such unpredictability
towards our contractual, property (including intellectual property) and procedural rights could adversely affect our business and impede
our ability to continue our operations. Furthermore, any litigation may be protracted and result in substantial costs and diversion of
resources and management attention.

In addition, new laws and regulations may be enacted
from time to time, and PRC laws, rules, and regulations can evolve quickly with little advance notice. Uncertainties exist regarding the
interpretation and implementation of current and any future PRC laws and regulations applicable to our businesses. In particular, the
PRC government authorities may continue to promulgate new laws, regulations, rules and guidelines with respect to a wide range of issues,
such as anti-unfair competition and antitrust, privacy and data protection, intellectual property, and other matters, which may result
in additional obligations imposed on us. Compliance with these laws, regulations, rules, guidelines, and implementations may be costly,
and any incompliance or associated inquiries, investigations, and other governmental actions may divert significant management time and
attention and our financial resources, bring negative publicity, subject us to liabilities or administrative penalties, or materially
and adversely affect our business, financial condition, and results of operations.

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The PRC government’s significant oversight and discretion over our business operation could result in a material adverse change in our operations and the value of our ADSs. In addition, any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.

We conduct our business primarily in mainland
China. Our operations in mainland China are governed by laws and regulations of mainland China. The PRC government has significant oversight
and discretion over the conduct of our business, and may intervene or influence our operations