Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 49

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 49
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 financial statements filed with the Securities and Exchange Commission,
we would be identified as a Commission-Identified Issuer following the filing of the prospect supplement for the relevant fiscal year.
In accordance with the HFCAA, our securities would be prohibited from being traded on a national securities exchange or in the over-the-counter
trading market in the United States if we are identified as a Commission-Identified Issuer for two consecutive years in the future. If
our shares and ADSs are prohibited from trading in the United States, there is no certainty that we will be able to list on a non-U.S.
exchange or that a market for our shares will develop outside of the United States. A prohibition of being able to trade in the United
States would substantially impair your ability to sell or purchase our ADSs when you wish to do so, and the risk and uncertainty associated
with delisting would have a negative impact on the price of our ADSs. Also, such a prohibition would significantly affect our ability
to raise capital on terms acceptable to us, or at all, which would have a material adverse impact on our business, financial condition,
and prospects.

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We are affected by the PRC Enterprise Income Tax Law, and we may be classified as a mainland China “resident enterprise” for mainland China enterprise income tax purposes. Such classification would likely result in unfavorable tax consequences to us and our non-mainland China shareholders and have a material adverse effect on our results of operations and the value of your investment.

Under the PRC Enterprise Income Tax Law,or
the EIT Law, that became effective on January 1, 2008, as amended on February 24, 2017 and December 29, 2018, an enterprise established
outside mainland China with “de facto management bodies” within mainland China is considered a mainland China “resident
enterprise” for mainland China enterprise income tax purposes and is generally subject to a uniform 25% enterprise income tax rate
on its worldwide income. Under the Implementation Rules to the EIT Law, a “de facto management body” is defined as
a body that has material and overall management and control over the manufacturing and business operations, personnel and human resources,
finances and properties of an enterprise. In addition, a circular, known as Circular 82, issued in April 2009, as amended in January
2014 and December 2017, by the State Administration of Taxation, or the SAT, specifies that certain