- VisionSys AI Inc. (VSA) has announced an **exclusive partnership** with Marinade Finance to launch a **Solana-based digital treasury program** valued at up to **$2 billion**.  **[1592560_20251001CN88000:0]** 
- This initiative is designed to **strengthen VisionSys's balance sheet**, enhance liquidity, and create long-term shareholder value through the strategic acquisition and staking of Solana (SOL).  **[1592560_20251001CN88000:0]** 
- The **first phase** of the program aims to acquire and stake **$500 million** in SOL within the next **six months**.  **[1592560_20251001CN88000:0]** 
- Marinade Finance will serve as VisionSys's exclusive staking and ecosystem partner, overseeing staking operations and supporting VisionSys's broader integration into the Solana ecosystem.  **[1592560_20251001CN88000:0]**

VisionSys AI Launches Solana Treasury Initiative with Marinade Finance

- For the six months ended June 30, 2025, **net revenues from continuing operations decreased 84.5%** to **RMB93.6 million (US$13.1 million)**, primarily due to a strategic adjustment of service scale, while **net income from continuing operations was RMB10.8 million (US$1.5 million)**, an improvement from a net loss of RMB63.2 million in the prior year period.  **[1592560_0001213900-25-094033_ea025902101ex99-1_vision.htm:2]** **[1592560_0001213900-25-094033_ea025902101ex99-1_vision.htm:3]** 
- The company changed its name to **VisionSys AI Inc.** to align with its **AI healthcare business transformation strategy**.  **[1592560_0001213900-25-094033_ea025902101ex99-2_vision.htm:20]**  It completed the divestiture of its professional education business on **March 31, 2024**, and agreed to sell its Kids IT Education Inc. and Tarena Hong Kong Limited subsidiaries for **US$1** on July 22, 2025.  **[1592560_0001213900-25-094033_ea025902101ex99-2_vision.htm:4]** **[1592560_0001213900-25-094033_ea025902101ex99-2_vision.htm:20]** 
- As of June 30, 2025, the company reported an **accumulated deficit of RMB3,003.7 million (US$419.3 million)**, which raises **substantial doubt about its ability to continue as a going concern**.  **[1592560_0001213900-25-094033_ea025902101ex99-1_vision.htm:4]**  To address this, it raised **US$2,000,000** by issuing Class A ordinary shares on April 1, 2025, and approximately **US$2,000,000** through the issuance of units (shares and warrants) on July 25, 2025.  **[1592560_0001213900-25-094033_ea025902101ex99-2_vision.htm:7]** **[1592560_0001213900-25-094033_ea025902101ex99-2_vision.htm:20]**

VisionSys AI (VSA)