Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 140

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 140
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 of dissenter rights will preclude the exercise
by the dissenting shareholder of any other rights to which he or she might otherwise be entitled by virtue of holding shares, save for
the right to seek relief on the grounds that the merger or consolidation is void or unlawful. Court approval is not required for a merger
or consolidation which is effected in compliance with these statutory procedures. The consent of each holder of a fixed or floating security
interest over a constituent company is required unless this requirement is waived by a court in the Cayman Islands.

A merger between a Cayman parent company and its
Cayman subsidiary or subsidiaries does not require authorization by a resolution of shareholders of that Cayman subsidiary if a copy of
the plan of merger is given to every member of that Cayman subsidiary to be merged unless that member agrees otherwise. For this purpose
a company is a “parent” of a subsidiary if it holds issued shares that together represent at least ninety percent (90%)
of the votes at a general meeting of the subsidiary.

In addition, there are statutory provisions that
facilitate the reconstruction and amalgamation of companies, provided that the arrangement is approved by a majority in number of each
class of shareholders or creditors (representing 75% by value) with whom the arrangement is to be made and who must, in addition, represent
three-fourths in value of each such class of shareholders or creditors, as the case may be, that are present and voting either in person
or by proxy at a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must
be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder or creditor has the right to express to the court
the view that the transaction ought not to be approved, the court would nevertheless be likely to approve the arrangement if it determines
that:

| ● | the statutory provisions as to the required majority vote have been 
 met;                                                                |

| ● | the shareholders have been fairly represented at the meeting in question                                                             
 and the statutory majority are acting bona fide without coercion of the minority to promote interests adverse to those of the class; |

| ● | the arrangement is such that may be reasonably approved by an intelligent and honest man of that class acting in respect of his interest.; and |

| ● | the arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act. |

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Where a scheme or