Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 14

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 14
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arrants.

Illustrative Example:

For each ADS purchased in this offering at the price of $1.30, the
investor also receives one Series A Warrant to purchase one ADS.

| ● | After giving effect to the first Reset Date (without giving                                                                              
 effect to zero-cash exercise), each Series A Warrant becomes exercisable for 1.4286 ADSs at an adjusted exercise price of $0.91 per ADS. 
 If exercised on a zero-cash basis at such time, the holder would instead receive 4.2857 ADSs.                                            |

| ● | After giving effect to the second Reset Date (without giving                                                                           
 effect to zero-cash exercise), each Series A Warrant becomes exercisable for 2 ADSs at an adjusted exercise price of $0.65 per ADS. If 
 exercised on a zero-cash basis at such time, the holder would instead receive 6 ADSs.                                                  |

Accordingly, if all 9,230,750 Series A Warrants issued in this offering
were exercised on a zero-cash basis, a maximum of 64,615,250 ADSs could be issued without the Company receiving any additional cash consideration.

The Placement Agent Warrants have substantially similar terms, except
that the zero-cash exercise multiplier is 2.0 rather than 3.0. If all 184,615 Placement Agent Warrants issued in connection with this
offering were exercised on a zero-cash basis, an additional 369,230 ADSs (or such greater number as may result after giving effect to
resets) could be issued without the Company receiving any additional cash.

Because each reset results in a lower exercise price and a proportionate
increase in the number of ADSs underlying the warrants, these warrant features are likely to exert significant downward pressure on the
trading price of our ADSs. As a result, existing shareholders are likely to experience substantial dilution, and the value of their ADSs
may decrease significantly as a result of this transaction.

Since our management will have broad discretion in how we use the proceeds from this offering, we may use the proceeds in ways with which you disagree.

Our management will have significant
flexibility in applying the net proceeds of this offering. You will be relying on the judgment of our management with regard to the use
of these net proceeds, and you will not have the opportunity, as part of your investment decision, to influence how the proceeds are being
used. It is possible that the