Company: VSA
Filing Date: 2025-02-18
Form Type: CORRESP
Source: 0001104659-25-014444
Chunk: 2

Company: VisionSys AI Inc
Filing Date: 2025-02-18
Form: CORRESP
Chunk 2
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 Related to Our Corporate Structure

[...]

| · | We may rely on dividends and other distributions on equity paid by our subsidiaries in mainland China to fund any cash and financing   
 requirements we may have. To the extent cash or assets in the business is in the PRC mainland China or Hong                            
 Kong or a PRC mainland China or Hong Kong entity, the funds or assets may not be available                                             
 to fund operations or for other use outside of the PRC mainland China or Hong Kong as we, our                                          
 subsidiaries, and the consolidated variable interest entities are subject to certain restrictions with respect to paying               
 dividends or otherwise transferring any of their cash or assets offshore, and any such restriction could                               
 have a material and adverse effect on our ability to conduct our business. For more details, see “Risk Factors—Risks                   
 Related to Our Corporate Structure—We may rely on dividends and other distributions on equity paid by our subsidiaries                 
 in mainland China to fund any cash and financing requirements we may have. To the extent cash or assets in the business is in the      
 PRC mainland China or Hong Kong or a PRC mainland China or Hong Kong entity,                                                           
 the funds or assets may not be available to fund operations or for other use outside of the PRC mainland                               
 China or Hong Kong as we, our subsidiaries, and the consolidated variable interest entities are subject to certain restrictions        
 with respect to paying dividends or otherwise transferring any of their cash or assets offshore, and any such restriction could have a 
 material and adverse effect on our ability to conduct our business.”                                                                   |

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We may rely on dividends and other distributions on equity paid by our subsidiaries in mainland China to fund any cash and financing requirements we may have. To the extent cash or assets in the business is inthe PRC mainland China or Hong Kong or a PRC mainland China or Hong Kong entity, the funds or assets may not be available to fund operations or for other use outside of the PRC mainland China or Hong Kong as we, our subsidiaries, and the consolidated variable interest entities are subj ect to certain restrictions with respect to paying dividends or otherwise transferring any of their cash or assets offshore, and any such restriction limitation on the ability of our subsidiaries in mainland China to make payments to uscould have a material and adverse effect on our ability to conduct our business.

We are a holding company, and we may rely on dividends and other distributions on equity paid by our subsidiaries in mainland China for our cash and financing requirements, including