Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 82

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 82
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 be required to pay certain
amounts as liquidated damages as specified in the warrants in the event we do not deliver ADSs upon exercise of the warrants within the
time periods specified in the warrants. No fractional ADSs will be issued in connection with the exercise of a warrant.

Cashless Exercise and Zero Cash Exercise. The holder may, in its sole discretion, elect to exercise the Warrants through a cashless exercise, in
which case the holder would receive upon such exercise the net number of ADSs determined according to the formula set forth in the Warrants.
At any time following the initial exercise date and whether or not an effective registration statement is available, the holder may, in
its sole discretion, elect to exercise the Warrant through a cashless exercise, in which case the holder would receive upon such exercise
the net number of ADSs determined according to the formula set forth in the Warrant.

A holder of Series A Warrants
may also provide notice and elect to exercise the Series A Warrant by way of a zero cash exercise option pursuant to which they would
receive, for no additional cash consideration, an aggregate number of shares equal to the product of (i) the aggregate number of ADSs
that would be issuable upon exercise of this Series A Warrant in accordance with the terms of this Series A Warrant if such exercise were
by means of a cash exercise rather than a cashless exercise, multiplied by (ii) 3.0.

A holder of Placement Agent
Warrants may also provide notice and elect to exercise the Placement Agent Warrant by way of a zero cash exercise option pursuant to which
they would receive, for no additional cash consideration, an aggregate number of shares equal to the product of (i) the aggregate number
of ADSs that would be issuable upon exercise of this Placement Agent Warrant in accordance with the terms of this Placement Agent Warrant
if such exercise were by means of a cash exercise rather than a cashless exercise, multiplied by (ii) 2.0.

Exercise Price.
Each Warrant offered hereby will have an initial exercise price per ADS equal to $1.30. The exercise price for the Warrants will be adjusted
downward (each, a “Reset Price”) on each of the 4 and 8 calendar day (each, a “Reset
Date”) following the closing of this offering to the price that is equal to $0.91 and $0.65, respectively, of the Basis Price. If
the