Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 144

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 144
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 be precluded from calling special meetings.

Cayman Islands law does not provide shareholders
with rights to requisition a general meeting or to put any proposals before a general meeting. However, these rights may be provided in
a company’s articles of association. Our Memorandum and Articles provide that, on the requisition of shareholders holding shares
representing in aggregate not less than one-third (1/3) of all votes attaching to all issued and outstanding shares of the Company that
as at the date of the deposit of such requisition carry the right to vote at general meetings of the Company, the board shall convene
an extraordinary general meeting. However, our Memorandum and Articles do not provide our shareholders with any right to put any proposals
before annual general meetings or extraordinary general meetings not called by such shareholders. As an exempted Cayman Islands company,
we are not obliged by law to call shareholders’ annual general meetings.

Cumulative Voting. Under
the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate
of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on
a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single
director, which increases the shareholder’s voting power with respect to electing such director. Cayman Islands law does not prohibit
cumulative voting, but our current articles of association do not provide for cumulative voting. As a result, our shareholders are not
afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

Appointment of Directors. Unless
otherwise determined by our company in general meeting, our fifth amended and restated articles of association provide that our board
will consist of not less than three directors. There are no provisions relating to retirement of directors upon reaching any age limit.

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The directors have the power to appoint any person
as a director either to fill a casual vacancy on the board or as an addition to the existing board. Our shareholders may also appoint
any person to be a director by way of ordinary resolution.

Removal of Directors.Under
the Delaware General Corporation Law, a director of a corporation with a classified board may be removed only for cause with the approval
of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under our Memorandum
and Articles, a director may be removed with or without cause by ordinary resolution.