Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 42

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 42
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our chops, we generally store them in secured locations accessible only to the department heads of the legal, administrative or finance
departments. Our designated legal representatives generally do not have access to the chops. Although we monitor our employees, including
the designated legal representatives of our subsidiaries and the variable interest entities in mainland China, the procedures may not
be sufficient to prevent all instances of abuse or negligence. There is a risk that our employees or designated legal representatives
could abuse their authority, for example, by binding the relevant subsidiary or variable interest entity with contracts against our interests,
as we would be obligated to honor these contracts if the other contracting party acts in good faith in reliance on the apparent authority
of our chops or signatures of our legal representatives. If any designated legal representative obtains control of the chop in an effort
to obtain control over a subsidiary or variable interest entity, we would need to have a shareholder or board resolution to designate
a new legal representative and to take legal action to seek the return of the chop, apply for a new chop with the PRC authorities, or
otherwise seek legal remedies for the legal representative’s misconduct. If any of the designated legal representatives obtains
and misuses or misappropriates our chops and seals or other controlling intangible assets for whatever reason, we could experience disruption
to our normal business operations. We may have to take corporate or legal action, which could involve significant time and resources to
resolve while distracting management from our operations.

Risks Related to Doing Business in China

Uncertainties in the interpretation and enforcement of laws and regulations of mainland China could limit the legal protections available to you and us.

The legal system of mainland China is based on written statutes. Unlike
common law systems, it is a system in which legal cases have limited value as precedents. In the late 1970s, the government of mainland
China began to promulgate a comprehensive system of laws and regulations governing economic matters. The overall effect of legislation
over the past three decades has significantly increased the protections afforded to various forms of foreign or private-sector investment
in mainland China. Our subsidiary in mainland China are subject to various laws and regulations of mainland China generally applicable
to companies in mainland China. However, since these laws and regulations are relatively new and the legal system of mainland China continues
to rapidly evolve, the interpretations of many laws, regulations and rules are not always uniform and enforcement of these laws, regulations
and rules involve uncertainties.

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From time to