Company: VSA
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001300
Chunk: 26

Company: VisionSys AI Inc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 26
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 growth strategies include growing our student enrollments for existing courses, expanding our course offerings, and further enhancing the quality of our education services. We may not succeed in executing our growth strategies due to a number of factors, including, without limitation, the following:

●   we may fail to market our courses in new markets or promote new courses in existing markets effectively;
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●   we may not be able to replicate our successful business model in other geographic markets or in new course subject areas;
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●   we may fail to identify new cities with sufficient growth potential to expand our network;
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●   we may not be able to recruit and retain learning center managers, teaching assistants and other key personnel;
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●   our analysis for selecting suitable new locations may not be accurate and the demand for our services at such new locations may not materialize or increase as rapidly as we expect;
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●   we may fail to obtain the requisite licenses and permits necessary to open learning centers at our desired locations from local authorities;
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●   we may not be able to continue our existing businesses or expand our operations due to governmental regulations and policy restrictions;
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●   we may not be able to continue to update our existing courses or offer new courses to adapt to changing market demand and technological advances; and
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●   we may fail to achieve the benefits we expect from our expansion.
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If we fail to execute our growth strategies successfully, we may not be able to maintain our growth rate and our business and prospects may be materially and adversely affected as a result.
We may not be able to manage our business expansion effectively, which could harm our financial condition and results of operations.
While we closed certain non-performing learning centers in some areas of mainland China in recent years, we plan to expand our operations in different geographic areas as we address the growth of our customer base and market opportunities. For our continuing operations, we closed 22 non-performing learning centers and opened 1 new center in 2022; and we closed 4 non-performing learning centers and opened 7 new centers in 2023. We increased the number of our learning centers for STEM education programs from 217 as of December 31, 2022 to 220 as of December 31, 2023, and decreased to 218 as of December 31, 2024. Any business expansion will result in substantial demands on our management, personnel and operational, technological and other resources.