Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 162

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 162
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 necessary or proper;          
 and                                                                                                                                           |

| ● | compliance with such regulations as the depositary may establish 
 consistent with the deposit agreement.                           |

The issuance of ADSs, the acceptance of deposits
of shares, the registration, registration of transfer, split-up or combination of ADSs or the withdrawal of shares, may be suspended,
generally or in particular instances, when the ADS register or any register for deposited securities is closed or when any such action
is deemed advisable by the depositary; provided that the ability to withdraw shares may only be limited under the following circumstances:
(i) temporary delays caused by closing transfer books of the depositary or our transfer books or the deposit of shares in connection
with voting at a shareholders’ meeting, or the payment of dividends, (ii) the payment of fees, taxes, and similar charges,
and (iii) compliance with any laws or governmental regulations relating to ADSs or to the withdrawal of deposited securities.

The deposit agreement expressly limits the obligations and liability
of the depositary, ourselves and our respective agents, provided, however, that no such disclaimer of liability under the Securities Act
is intended by any of the limitations of liabilities provisions of the deposit agreement. In the deposit agreement it provides that neither
we nor the depositary nor any such agent will be liable if:

| ● | any present or future law, rule, regulation, fiat, order or decree of the                                                                      
 United States, the Cayman Islands, the People’s Republic of China or any other country, or of any governmental or regulatory authority         
 or securities exchange or market or automated quotation system, the provisions of or governing any deposited securities, any present or        
 future provision of our charter, any act of God, war, terrorism, nationalization or other circumstance beyond our, the depositary’s            
 or our respective agents’ control shall prevent or delay, or shall cause any of them to be subject to any civil or criminal penalty            
 in connection with, any act which the deposit agreement or the ADRs provide shall be done or performed by us, the depositary or our respective 
 agents (including, without limitation, voting);                                                                                                |

| ● | the depositary exercises or fails to exercise discretion                                                                              
 under the deposit agreement or the ADR including, without limitation, any failure to determine that any distribution or action may be 
 lawful or reasonably practicable;                                                                                                     |

| ● | the depositary performs its obligations under the deposit          
 agreement and ADRs without gross negligence or willful misconduct; |