Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 152

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 152
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 to any specific registered ADS holder, the depositary may choose any method of distribution
that it deems practicable for such ADS holder, including the distribution of foreign currency, securities or property, or it may retain
such items, without paying interest on or investing them, on behalf of the ADS holder as deposited securities, in which case the ADSs
will also represent the retained items.

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Any U.S. dollars will be distributed by checks drawn on a bank in the
United States for whole dollars and cents. Fractional cents will be withheld without liability and dealt with by the depositary in accordance
with its then current practices.

The depositary is not responsible if it decides that it is unlawful or not reasonably practicable to make a distribution available to any ADR holders.

There can be no assurance that the depositary will be able to convert any currency at a specified exchange rate or sell any property, rights, shares or other securities at a specified price, nor that any of such transactions can be completed within a specified time period.

Deposit, Withdrawal and Cancellation

How does the depositary issue ADSs?

The depositary will issue ADSs if you or your broker
deposit shares or evidence of rights to receive shares with the custodian and pay the fees and expenses owing to the depositary in connection
with such issuance.

Shares deposited in the future with the custodian
must be accompanied by certain delivery documentation and shall, at the time of such deposit, be registered in the name of Citibank, N.A.,
as depositary for the benefit of holders of ADSs or in such other name as the depositary shall direct.

The custodian will hold all deposited shares for
the account of the depositary. ADS holders thus have no direct ownership interest in the shares and only have such rights as are contained
in the deposit agreement. The custodian will also hold any additional securities, property and cash received on or in substitution for
the deposited shares. The deposited shares and any such additional items are referred to as “deposited securities.”

Upon each deposit of shares, receipt of related
delivery documentation and compliance with the other provisions of the deposit agreement, including the payment of the fees and charges
of the depositary and any taxes or other fees or charges owing, the depositary will issue ADSs in the name or upon the order of the person
entitled thereto. All of the ADSs issued will, unless specifically requested to the contrary, be part