Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 19

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 19
---
 our Class A ordinary shares since January 6, 2022, and (ii) the minimum MVPHS requirement for Nasdaq Global Select
Market since June 1, 2022. On July 28, 2023, we received a further notice from Nasdaq indicating that we no longer meet the minimum MVPHS
requirement for the Nasdaq Global Select Market and were granted a grace period of 180 calendar days, expiring on January 24, 2024, to
regain compliance. As a result, in November 2023 we applied to Nasdaq and Nasdaq approved for transferring the listing of our ADSs from
the Nasdaq Global Select Market to the Nasdaq Capital Market, effective on November 17, 2023.

There can be no assurance that we will stay compliant
with the requirements for continued listing at all times going forward. The delisting of our ADSs or transfer of listing may significantly
reduce the liquidity of our ADSs, cause further declines to the market price of our ADSs, and make it more difficult for us to obtain
adequate financing to support our continued operation.

<div align='center'>S-10</div>

If securities or industry analysts do not publish research or reports about our business, or if they adversely change their recommendations regarding our ADSs, the market price for our ADSs and trading volume could decline.

The trading market for our ADSs is influenced
by research or reports that industry or securities analysts publish about our business. If one or more analysts who cover us downgrade
our ADSs or publish unfavorable research about us, the market price for our ADSs would likely decline. If one or more of these analysts
cease to cover us or fail to regularly publish reports on us, we could lose visibility in the financial markets, which in turn could cause
the market price or trading volume for our ADSs to decline.

We cannot guarantee that any share repurchase program will be fully consummated or that any share repurchases will enhance long-term shareholder value, and share repurchases could increase the volatility of the price of our Class A ordinary shares and/or ADSs and could diminish our cash reserves.

Our board of director have authorized a few share
repurchase programs in recent years, some of which were not fully consummated:

| ● | On                                                                                                                                   
 December 31, 2021, our board of directors authorized a share repurchase program, under which we may purchase up to US$2.5 million