Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 91

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 91
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) the ADSs, ordinary shares, or the Warrants representing 10% or more of our stock (by vote or by value), investors that hold their ADSs, ordinary shares, Warrants as part of a straddle, hedge, conversion, constructive sale or other integrated transaction, or investors that have a functional currency other than the U.S. dollar, persons who acquired the ADSs, ordinary shares, or the Warrants pursuant to the exercise of any employee share option or otherwise as compensation, or certain former citizens or long-term residents of the United States, all of whom may be subject to tax rules that differ significantly from those summarized below. In addition, this discussion does not address any United States federal non-income, state or local, or non-United States tax considerations, the alternative minimum tax, or the Medicare contribution tax on net investment income. Each potential investor is urged to consult its tax advisor regarding the United States federal, state or local and non-United States income and other tax considerations of an investment in the ADSs, ordinary shares, or the Warrants.

General

For purposes of this discussion, a “U.S.
Holder” is a beneficial owner of the ADSs, ordinary shares, or the Warrants that is, for United States federal income tax purposes,
(1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity treated as a corporation
for United States federal income tax purposes) created in, or organized under the laws of, the United States or any state thereof or the
District of Columbia, (3) an estate the income of which is includible in gross income for United States federal income tax purposes
regardless of its source, or (4) a trust (a) the administration of which is subject to the primary supervision of a United States
court and which has one or more United States persons who have the authority to control all substantial decisions of the trust or (b) that
has otherwise elected to be treated as a United States person under the Code.

If a partnership (or other entity treated as a
partnership for United States federal income tax purposes) is a beneficial owner of the ADSs, ordinary shares, or the Warrants, the tax
treatment of a partner in the partnership will depend upon the status of the partner and the activities of the partnership. Partnerships
and partners of a partnership holding the ADSs, ordinary shares, or the Warrants are urged to consult their tax advisors regarding an