Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 153

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 153
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 of the depositary’s direct
registration system, and a registered holder will receive periodic statements from the depositary which will show the number of ADSs registered
in such holder’s name. An ADS holder can request that the ADSs not be held through the depositary’s direct registration system
and that a certificated ADR be issued.

How do ADS holders cancel an ADS and obtain deposited securities?

When you turn in your ADR certificate at the depositary’s
office, or when you provide proper instructions and documentation in the case of direct registration ADSs, the depositary will, upon payment
of certain applicable fees, charges and taxes, deliver the underlying shares to you or upon your written order. Delivery of deposited
securities in certificated form will be made at the custodian’s office. At your risk, expense and request, the depositary may deliver
deposited securities at such other place as you may request.

The depositary may only restrict the withdrawal of deposited securities
in connection with:

| ● | temporary delays caused by closing our transfer books or those of the depositary or the deposit of shares in connection with voting at a shareholders’ meeting, or the payment of dividends; |

| ● | the payment of fees, taxes and similar charges; or |

| ● | compliance with any U.S. or foreign laws or governmental                       
 regulations relating to the ADRs or to the withdrawal of deposited securities. |

This right of withdrawal may not be limited by any other provision
of the deposit agreement.

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Record Dates

The depositary may, after consultation with us if practicable, fix
record dates for the determination of the registered ADS holders who will be entitled (or obligated, as the case may be):

| ● | to receive any distribution on or in respect of shares, |

| ● | to give instructions for the exercise of voting rights at 
 a meeting of holders of shares, or                        |

| ● | to pay the fee assessed by the depositary for administration of the ADR program and for any expenses 
 as provided for in the ADR,                                                                          |

| ● | to receive any notice or to act in respect of other matters |

all subject to the provisions of the deposit agreement.

Voting Rights

How do I vote?

If you are an ADS holder and the depositary asks you to provide it
with voting instructions, you may instruct the depositary how to exercise the voting rights for the shares which underlie your ADSs.