Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 8

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 8
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 “BCI”)
technology is currently in rapid development with high technical barriers.

According to Straits Research, the global BCI
market size was valued at USD 2.09 billion in 2024 and is projected to grow from USD 2.83 billion in 2025 to reach USD 8.73 billion by
2033, growing at a Compound Annual Growth Rate (CAGR) of 15.13% during the forecast period of 2025 to 2033.

Our service-based business model focuses on delivering
multimodal BCI signal decoding services in accordance with the client’s technical specifications and requirements. The scope includes,
but is not limited to, system development, testing, optimization, and maintenance. The objective is to ensure stable BCI system operation
tailored to the client’s specific application needs. The primary target clients include internet technology firms, AI startups,
and e-commerce platforms in Asia. As of June 30, 2025, we have generated approximately RMB200,000 in revenue through technical service
contracts, with key clients including internet tech companies and AI startups in Asia.

Our product-based business model is to produce
EEG (electroencephalography) acquisition devices as well as to provide related technical services. The primary target clients are medical
institutions and research institutions in Asia. As of June 30, 2025, our EEG acquisition devices are in the testing and optimization stage
and we expect to begin generating revenue later this year, primarily from medical and research institutions.

We expect to generate revenue from technical services
contract and sales of Brain-Computer Interface (BCI) devices.

Although we are still in the process of product
research and development, we have generated revenue through the provision of technical services.

Recent Developments

On January 3, 2025, we received a letter (the
“Nasdaq Letter”) from the Nasdaq Listing Qualifications staff (the “Staff”) of Nasdaq stating that, based upon
the closing bid price of the ADSs for the last 30 consecutive business days, we were not in compliance with the requirement to maintain
a minimum bid price of $1.00 per share of our ADSs, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
On July 7, 2025, we have received a written compliance notification from the Staff, notifying us that we have regained compliance with
the Minimum Bid Price Requirement