Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 143

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 143
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 must inform himself of and disclose
to shareholders, all material information reasonably available regarding a significant transaction. The duty of loyalty requires that
a director act in a manner he or she reasonably believes to be in the best interests of the corporation. He or she must not use his or
her corporate position for personal gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest
of the corporation and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder
and not shared by the shareholders generally. In general, actions of a director are presumed to have been made on an informed basis, in
good faith and in the honest belief that the action taken was in the best interests of the corporation. However, this presumption may
be rebutted by evidence of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director,
a director must prove the procedural fairness of the transaction and that the transaction was of fair value to the corporation.

As a matter of Cayman Islands law, a director of
a Cayman Islands company is in the position of a fiduciary with respect to the company and therefore he owes duties to the company including
the following — a duty to act in good faith in the best interests of the company, a duty not to make a personal profit
based on his or her position as director (unless the company permits him to do so), a duty not to put himself in a position where the
interests of the company conflict with his or her personal interest or his or her duty to a third party and a duty to exercise powers
for the purpose for which such powers were intended. A director of a Cayman Islands company owes to the company a duty to act with diligence,
skill and care that a reasonably prudent person would exercise in comparable circumstances.

Shareholder Proposals.Under
the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders, provided
it complies with the notice provisions in the governing documents. The Delaware General Corporation Law does not provide shareholders
an express right to put any proposal before the annual meeting of shareholders, but in keeping with common law, Delaware corporations
generally afford shareholders an opportunity to make proposals and nominations provided that they comply with the notice provisions in
the certificate of incorporation or bylaws. A special meeting may be called by the board of directors or any other person authorized to
do so in the governing documents, but shareholders may