Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 17

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 17
---
prior to the 5th year anniversary of the date of issuance. Moreover, following this offering, the market value of the Warrants, if any,
is uncertain. There can be no assurance that the market price of the ADSs will equal or exceed the exercise price of the Warrants at any
given time, and consequently, whether it will be profitable for holders of the Warrants to exercise the Warrants.

The trading prices of our ADSs have fluctuated and may be volatile, which could result in substantial losses to investors.

The trading prices of our ADSs have fluctuated
since we first listed our ADSs. The trading prices of our ADSs may continue to fluctuate and be volatile due to factors beyond our control.
This may happen because of broad market and industry factors, such as the performance and fluctuation of the market prices of other companies
with business operations located mainly in mainland China that have listed their securities in the United States. In recent years, the
widespread negative publicity of alleged fraudulent accounting practices and poor corporate governance of certain U.S. public companies
with operations in mainland China were believed to have negatively affected investors’ perception and sentiment towards companies
with a connection with China, which significantly and negatively affected the trading prices of some companies’ securities listed
in the U.S. Any similar negative publicity or sentiment may affect the performances of our ADSs. A number of mainland China companies
have listed or are in the process of listing their securities on U.S. stock markets. The securities of some of these companies have experienced
significant volatility, including price declines in connection with their initial public offerings. The trading performances of these
mainland China companies’ securities after their offerings may affect the attitudes of investors toward mainland China companies
listed in the United States in general and consequently may impact the trading performance of our ADSs, regardless of our actual operating
performance. Furthermore, the stock market in general has experienced extreme price and volume fluctuations that have often been unrelated
or disproportionate to the operating performance of companies like us. These broad market and industry factors may materially reduce the
market price of our ADSs, regardless of our operating performance.

<div align='center'>S-9</div>

In addition to market and industry factors, the
price and trading volume for our ADSs may be highly volatile for factors specific to our own operations, including the following:

| ● | the                                                                                                                                  
 financial projections that we may choose to provide to the public, any changes in those projections or our failure for any reason