Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 160

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 160
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 securities, except in order to comply with mandatory provisions of applicable law.

How may the deposit agreement be terminated?

The depositary may, and shall at our written direction, terminate the
deposit agreement and the ADRs by mailing notice of such termination to the registered holders of ADSs at least 30 days prior to
the date fixed in such notice for such termination; provided, however, if the depositary shall have (i) resigned as depositary under
the deposit agreement, notice of such termination by the depositary shall not be provided to registered holders unless a successor depositary
shall not be operating under the deposit agreement within 60 days of the date of such resignation, and (ii) been removed as
depositary under the deposit agreement, notice of such termination by the depositary shall not be provided to registered holders of ADRs
unless a successor depositary shall not be operating under the deposit agreement on the 120th day after our notice of removal was first
provided to the depositary.

On and after the date of termination of the deposit agreement, the
holder will, upon surrender of an ADR at the principal office of the depositary, upon the payment of the charges of the depositary for
the surrender of ADRs, subject to the conditions and restrictions of the deposit agreement, and upon payment of any applicable taxes or
governmental charges, be entitled to delivery, to him or upon his order, of the amount of deposited securities represented by such ADR.
If any ADRs shall remain outstanding after the date of termination of the deposit agreement, the registrar thereafter shall discontinue
the registration of transfers of ADRs, and the depositary shall suspend the distribution of dividends to the holders thereof, and shall
not give any further notices or perform any further acts under the deposit agreement, except that the depositary shall continue to collect
dividends and other distributions pertaining to deposited securities, shall sell rights as provided in the deposit agreement, and shall
continue to deliver deposited securities, subject to the conditions and restrictions set forth in the deposit agreement, together with
any dividends or other distributions received with respect thereto and the net proceeds of the sale of any rights or other property, in
exchange for ADRs surrendered to the depositary (after deducting, or charging, as the case may be, in each case, the charges of the depositary
for the surrender of an ADR, any expenses for the account of the holder in accordance with the terms and conditions