Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 167

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 167
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. Collateral provided in connection with pre-release
transactions, but not the earnings thereon, shall be held for the benefit of the ADS holders (other than the applicant).

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Appointment

In the deposit agreement, each registered holder of ADSs and each person
holding an interest in ADSs, upon acceptance of any ADSs (or any interest therein) issued in accordance with the terms and conditions
of the deposit agreement will be deemed for all purposes to:

| ● | be a party to and bound by the terms of the deposit agreement 
 and the applicable ADRs, and                                  |

| ● | appoint the depositary its attorney-in-fact, with full power                                                                              
 to delegate, to act on its behalf and to take any and all actions contemplated in the deposit agreement and the applicable ADRs, to adopt 
 any and all procedures necessary to comply with applicable laws and to take such action as the depositary in its sole discretion may      
 deem necessary or appropriate to carry out the purposes of the deposit agreement and the applicable ADRs, the taking of such actions      
 to be the conclusive determinant of the necessity and appropriateness thereof.                                                            |

Governing Law

The deposit agreement and the ADSs shall be governed by and construed
in accordance with the laws of the State of New York. In the deposit agreement, we have submitted to the jurisdiction of the courts of
the State of New York and appointed an agent for service of process on our behalf.

The deposit agreement and the ADSs will be governed
by, and construed in accordance with, the laws of the State of New York without reference to the principles of choice of law thereof.
Notwithstanding anything contained in the deposit agreement, any ADR or any present or future provisions of the laws of the State of New
York, the rights of holders of Shares and of any other deposited securities, as such, shall be governed by the laws of the People’s
Republic of China (or, if applicable, such other laws as may govern the deposited securities).

By holding an ADS or an interest therein, registered holders of ADSs
and beneficial owners of ADSs each irrevocably agree that any legal suit, action or proceeding against or involving us or the depositary,
arising out of or based upon the deposit agreement or the transactions contemplated thereby, may only be instituted in a state or federal
court in New York, New York, and each irrevocably waives any objection which it may have