Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 68

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 68
---
 have a material and adverse impact on our business, financial
condition, result of operations and prospects. If we or any of the variable interest entities is found to be in violation of any existing
or future laws, administrative regulations or provisions of mainland China, or fail to obtain or maintain any of the required permits
or approvals, the PRC regulatory authorities would have broad discretion to take corresponding action regarding such violations or failures
to such entities, such as:

| ● | order                                                                                                                          
 to immediately terminate prohibited investment activities and to take certain measures to return to the pre-investment status; |

| ● | order                                                                                                                                  
 to rectify within prescribed period and to take necessary measures to comply with such laws, administrative regulations or provisions; |

| ● | revocation                                                     
 of such entities’ business licenses and/or operating licenses; |

| ● | shutting                                                                                                                                
 down of our website, or discontinuance or restriction on any transactions between certain of our mainland China subsidiaries with them; |

| ● | fines,                                                                                                                                 
 confiscation of the income from our mainland China subsidiaries or the variable interest entities, or other requirements with which we 
 or the variable interest entities may not be able to comply;                                                                           |

| ● | order                                                                                                                                    
 to restructure our ownership structure, corporate governance and business operations, including terminating the contractual arrangements 
 with the variable interest entities and deregistering the equity pledges of the variable interest entities, which in turn would affect   
 our ability to consolidate, derive economic interests from, or impose control over the variable interest entities; or                    |

| ● | restriction                                                                                                                             
 or prohibition on our use of the proceeds of any financing outside mainland China to finance our business operations in mainland China, 
 and other regulatory or enforcement actions that could be harmful to our business.                                                      |

<div align='center'>S-39</div>

Any of the above penalties may result in a material
and adverse effect on our business operation. In addition, if the PRC regulatory authorities were to find our legal structure and contractual
arrangements to be in violation of any laws, administrative regulations or provisions of mainland China, we are uncertain what impact
of above PRC regulatory authorities’ actions would have on us and our ability to consolidate the variable interest entities in the
consolidated financial statement. If any of these regulatory actions result in us losing our right to direct the activities of the variable
interest entities or to receive substantially all the economic benefits and residual returns from the variable interest entities and we
are not able to restructure our