Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 151

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 151
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 holders entitled thereto; or (b) if              
 it is not practicable to sell such rights by reason of the non-transferability of the rights, limited markets therefor, their short duration 
 or otherwise, do nothing and allow such rights to lapse, in which case ADS holders will receive nothing and the rights may lapse. We         
 have no obligation to file a registration statement under the Securities Act in order to make any rights available to ADS holders.           |

| ● | Other Distributions.   In the case                                                                                                     
 of a distribution of securities or property other than those described above, the depositary may either (i) distribute such securities 
 or property in any manner it deems practicable or (ii) to the extent the depositary deems distribution of such securities or property  
 not to be practicable, sell such securities or property and distribute any net proceeds in the same way it distributes cash.           |

| ● | Elective Distributions.   In the case                                                                                                     
 of a dividend payable at the election of our shareholders in cash or in additional shares, we will notify the depositary at least 30 days 
 prior to the proposed distribution stating whether or not we wish such elective distribution to be made available to ADS holders. The     
 depositary shall make such elective distribution available to ADS holders only if (i) we shall have timely requested that the elective    
 distribution is available to ADS holders, (ii) the depositary shall have determined that such distribution is reasonably practicable      
 and (iii) the depositary shall have received satisfactory documentation within the terms of the deposit agreement including any           
 legal opinions of counsel that the depositary in its reasonable discretion may request. If the above conditions are not satisfied, the    
 depositary shall, to the extent permitted by law, distribute to the ADS holders, on the basis of the same determination as is made in     
 the local market in respect of the shares for which no election is made, either (x) cash or (y) additional ADSs representing              
 such additional shares. If the above conditions are satisfied, the depositary shall establish procedures to enable ADS holders to elect   
 the receipt of the proposed dividend in cash or in additional ADSs. There can be no assurance that ADS holders generally, or any ADR      
 holder in particular, will be given the opportunity to receive elective distributions on the same terms and conditions as the holders     
 of shares.                                                                                                                                |

If the depositary determines in its discretion that any distribution
described above is not practicable with respect