Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 180

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 180
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. Therefore, we cannot assure you that the securities will have a liquid trading
market.

Any underwriter may also engage in stabilizing transactions, syndicate
covering transactions and penalty bids in accordance with Rule 104 under the Exchange Act. Stabilizing transactions involve bids
to purchase the underlying security in the open market for the purpose of pegging, fixing or maintaining the price of the securities.
Syndicate covering transactions involve purchases of the securities in the open market after the distribution has been completed in order
to cover syndicate short positions.

Penalty bids permit the underwriters to reclaim a selling concession
from a syndicate member when the securities originally sold by the syndicate member are purchased in a syndicate covering transaction
to cover syndicate short positions. Stabilizing transactions, syndicate covering transactions and penalty bids may cause the price of
the securities to be higher than it would be in the absence of the transactions. The underwriters may, if they commence these transactions,
discontinue them at any time.

Derivative Transactions and Hedging

We and the underwriters may engage in derivative transactions involving
the securities. These derivatives may consist of short sale transactions and other hedging activities. The underwriters may acquire a
long or short position in the securities, hold or resell securities acquired and purchase options or futures on the securities and other
derivative instruments with returns linked to or related to changes in the price of the securities. In order to facilitate these derivative
transactions, we may enter into security lending or repurchase agreements with the underwriters. The underwriters may effect the derivative
transactions through sales of the securities to the public, including short sales, or by lending the securities in order to facilitate
short sale transactions by others. The underwriters may also use the securities purchased or borrowed from us or others (or, in the case
of derivatives, securities received from us in settlement of those derivatives) to directly or indirectly settle sales of the securities
or close out any related open borrowings of the securities.

Loans of Securities

We may loan or pledge securities to a financial institution or other
third parties that in turn may sell the securities using this prospectus and an applicable prospectus supplement.

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General Information

Agents, underwriters, and dealers may be entitled, under agreements
entered into with us, to indemnification by us, against certain liabilities, including liabilities under the Securities Act. Our agents,
underwriters, and dealers, or their affiliates, may be