Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 69

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 69
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 ownership structure and operations in a satisfactory manner, we would no longer be able to consolidate
the financial results of the variable interest entities in the consolidated financial statements. Any of the above results, or any other
significant unfavorable actions that might be imposed on us in this event, would have an adverse effect on our business, financial condition,
results of operations and prospects. Failure to take timely and appropriate measures to cope with any of these or similar regulatory compliance
challenges could materially and adversely affect our current corporate structure, corporate governance and business operations.

The tension in international trade and rising political tension, particularly between the U.S. and China, may adversely impact our business, financial condition, and results of operations.

There have been heightened tensions in international
economic relations, such as in the relations between the United States and China. The U.S. government has imposed, and has proposed to
impose additional, new, or higher tariffs on certain products imported from China to penalize China for what it characterizes as unfair
trade practices. China has responded by imposing, and proposing to impose additional, new, or higher tariffs on certain products imported
from the United States. It remains unclear what additional actions, if any, will be taken by the U.S. or other governments with respect
to international trade agreements, the imposition of tariffs on goods imported into the United States, tax policy related to international
commerce, or other trade matters. While cross-border business may not be an area of focus for us, any unfavorable government policies
on international trade, such as capital controls or tariffs, may affect the demand for our services, impact the competitive position of
our services or prevent us from expanding internationally. If any new tariffs, legislation and/or regulations are implemented, or if existing
trade agreements are renegotiated or, in particular, if the U.S. government takes retaliatory trade actions due to ongoing U.S.-China
trade tensions, such changes could have an adverse effect on our business, financial condition and results of operations.

The situation is further complicated by the political
tensions between the United States and China that escalated during the COVID-19 pandemic and in the wake of the PRC National People’s
Congress’ decision on Hong Kong national security legislation, sanctions imposed by the U.S. Department of Treasury on certain officials
of the Hong Kong Special Administrative Region and the central government of the PRC and the executive orders issued by the U.S. President
in August 2020 that prohibit certain transactions with certain China-based companies and their