Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 122

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 122
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, led by on-site instructors.

Since 2016, we also set up standalone centers for
STEM education programs, which have further improved our brand recognition and teaching facilities and brought better learning experience
for our students. In 2018, we developed and launched 61it.cn as an online platform to facilitate the live instruction
of our STEM education courses targeting minors to deliver an interactive and engaging learning experience beyond the geographical limitation.
We have also integrated the online platform with our proprietary learning management system Tarena Teaching System, or TTS,
to enhance students’ learning performance after each class. As of June 30, 2024, there were 221 TongchengTongmei standalone
learning centers covering 53 cities in mainland China.

Discontinued operations. We
had offered IT professional education lectures through a group of experienced and passionate instructors based in Beijing to a nationwide
network of learning centers since our inception, or professional education business. In December 2023, we entered into an equity
transfer agreement to dispose of our equity interests in the professional education business (the “Divestiture”). The Divestiture
was consummated at the end of March 2024. Upon the consummation of the Divestiture, the professional education business, including
the business operated by the former VIE, had been divested. In 2021, 2022 and 2023, revenues generated from our professional education
business represented a large portion of our total revenues.

Recent Developments

On January 3, 2025, we received a letter
(the “Nasdaq Letter”) from the Nasdaq Listing Qualifications staff (the “Staff”) of Nasdaq stating that,
based upon the closing bid price of the ADSs for the last 30 consecutive business days, we were not in compliance with the
requirement to maintain a minimum bid price of $1.00 per share of our ADSs, as set forth in Nasdaq Listing Rule 5550(a)(2) (the
“Minimum Bid Price Requirement”). On July 7, 2025, we have received a written compliance notification from the Staff,
notifying us that we have regained compliance with the Minimum Bid Price Requirement.

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RISK FACTORS</div>

Investing in our securities involves risk. In addition
to the risk factors below, you should carefully consider the risk factors and uncertainties described under the heading “Item 3.
Key Information — D. Risk Factors” in our