Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 20

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 20
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 of 
 our shares over the next six months;                                                                                                 |

| ● | On                                                                                                                                     
 June 29, 2022, our board of directors authorized to extend the share repurchase program over the next six months, pursuant to which we 
 may repurchase up to approximately US$1.36 million of our shares through December 31, 2022; and                                        |

| ● | On                                                                                                                                    
 November 28, 2022, our board of directors authorized a new share repurchase program over the next twelve months, pursuant to which we 
 may repurchase up to US$3 million of our shares during the 12-month period beginning from November 28, 2022.                          |

From January 1, 2022 to November 28, 2023, we
repurchased approximately 781,064 ADSs at a weighted average price of US$3.48 per ADS pursuant to our share repurchase program. In addition,
we also repurchased 5,119,698 of the Company’s class A ordinary shares beneficially owned by Talent Fortune Investment Limited,
an affiliate of KKR & Co. Inc., at a repurchase price of $0.2 per share in January 2024.

Our board of directors also has the discretion
to authorize additional share repurchase programs or share repurchase transactions in the future. The share repurchase programs do not
obligate us to repurchase any specific dollar amount or to acquire any specific number of ADSs and/or shares. We cannot guarantee that
any share repurchase activity will enhance long-term shareholder value. The share repurchase activities could affect the price of our
listed securities and increase volatility and may be suspended or terminated at any time, which may result in a decrease in the trading
price of our ADSs. Furthermore, share repurchases could increase the volatility of the price of our ADSs and could diminish our cash reserves.

Our dual class share structure with different voting rights will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A ordinary shares and ADSs may view as beneficial.

Our ordinary shares are divided into Class A ordinary
shares and Class B ordinary shares. Holders of Class A ordinary shares are entitled to one vote per share, while holders of Class B ordinary
shares are entitled to ten votes per share, with Class A and Class B ordinary shares voting together as one class on all matters subject
to a shareholders’ vote. As of February 28,