Company: VSA
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001300
Chunk: 224

Company: VisionSys AI Inc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 224
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 moreover, does not address the U.S. federal estate, gift and minimum tax considerations; the Medicare tax on certain net investment income; or any state, local and non-U.S. tax considerations relating to the ownership or disposition of our ADSs or Class A ordinary shares. The following summary does not address all aspects of U.S. federal income taxation that may be important to particular investors in light of their individual circumstances or to persons in special tax situations such as:

●   banks and other financial institutions;
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●   insurance companies;
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●   pension plans;
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●   cooperatives;
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●   regulated investment companies;
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●   real estate investment trusts;
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●   broker-dealers;
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●   traders that elect to use a mark-to-market method of accounting;
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●   certain former U.S. citizens or long-term residents;
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●   tax-exempt entities (including private foundations);
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●   holders who acquire their ADSs or Class A ordinary shares pursuant to any employee share option or otherwise as compensation;
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●   investors that will hold their ADSs or Class A ordinary shares as part of a straddle, hedge, conversion, constructive sale or other integrated transaction for U.S. federal income tax purposes;
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●   investors that have a functional currency other than the U.S. dollar;
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●   persons that actually or constructively own 10% or more of the total combined voting power or value of our stock; or
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●   partnerships or other entities taxable as partnerships for U.S. federal income tax purposes, or persons holding ADSs or Class A ordinary shares through such entities, all of whom may be subject to tax rules that differ significantly from those discussed below.
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Each U.S. Holder is urged to consult its tax advisor regarding the application of U.S. federal taxation to its particular circumstances, and the state, local, non-U.S. and other tax considerations of the ownership and disposition of our ADSs or Class A ordinary shares.
General
For purposes of this discussion, a “U.S. Holder” is a beneficial owner of our ADSs or Class A ordinary shares that is, for U.S. federal income tax purposes:

●   an individual who is a citizen or resident of the United States;
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●   a corporation (or other entity subject to tax as a corporation for U.S. federal income tax purposes) created in or organized under the laws