Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 72

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 72
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vested company is regulated such that Renminbi capital may not be used for business
beyond its business scope or to provide loans to persons other than affiliates unless otherwise permitted under its business scope. In
October 2019, the SAFE promulgated the Circular Regarding Further Promotion of the Facilitation of Cross-Border Trade and Investment (“SAFE
Circular 28”), which was further amended in December 2023, pursuant to which all foreign-invested enterprises can make equity investments
in the PRC with their capital funds in accordance with the law. The Circular Regarding Further Optimizing the Cross-border Renminbi Policy
to Support the Stabilization of Foreign Trade and Foreign Investment jointly promulgated by the People’s Bank of China (the “PBOC”),
the NDRC, MOFCOM, the State-owned Assets Supervision and Administration Commission of the State Council, the CBIRC and SAFE on December
31, 2020 and effective on February 4, 2021 allows the non-investment foreign-invested enterprises to make domestic reinvestment with capital
denominated in Renminbi in accordance with the law on the premise that they comply with prevailing regulations and the invested projects
in China are authentic and compliant.

Violations of the applicable circulars and rules
may result in severe penalties, including substantial fines as set forth in the Foreign Exchange Administration Regulations.

The applicable foreign exchange circulars and
rules may limit our ability to convert, transfer and use the net proceeds from our overseas offerings or any offering of additional equity
securities in China, which may adversely affect our business, financial condition and results of operations. As the foreign exchange related
regulatory regime and practice are complex and still evolving and involve many uncertainties, we cannot assure you that we have complied
or will be able to comply with all applicable foreign exchange circulars and rules, or that we will be able to complete the necessary
government registrations or filings on a timely basis, if at all, with respect to future loans by us to our PRC subsidiary or with respect
to future capital contributions by us to our PRC subsidiary. If we fail to complete such registrations or filings, our ability to contribute
additional capital to fund our PRC operations may be negatively affected, which could adversely and materially affect our liquidity and
our ability to fund and expand our business.

<div align='center'>S-41

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus supplement, the accompanying prospectus,