Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 146

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 146
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may it be approved by a simple majority of the corporation’s outstanding shares. Delaware law allows a Delaware corporation to include
in its certificate of incorporation a supermajority voting requirement in connection with dissolutions initiated by the board.

Under Cayman Islands law, a company may be wound
up either by an order of the Grand Court of the Cayman Islands or by a special resolution of its members. A company may be wound up by
the Grand Court of the Cayman Islands for a number of reasons, including: (i) the company has passed a special resolution of requiring
the company to be wound up by the Grand Court; (ii) the company is unable to pay its debts; and (iii) the Grand Court is of
opinion that it is just and equitable that the company should be wound up.

Variation of Rights of Shares. Under
the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding
shares of such class, unless the certificate of incorporation provides otherwise. Under our current articles of association, we may only
materially adversely vary the rights attached to any class of shares (subject to any rights or restrictions for the time being attached
to any class of share) with the consent in writing of the holders of the three-fourths of issued shares of that class or with the sanction
of a special resolution passed at a separate meeting of the holders of the shares of that class by the holders of two-thirds of the issued
shares of that class.

Amendment of Governing Documents. Under the Delaware General Corporation Law, a corporation’s certificate of incorporation may
be amended only if adopted and declared advisable by the board of directors and approved by a majority of the outstanding shares
entitled to vote and the bylaws may be amended with the approval of a majority of the outstanding shares entitled to vote and may,
if so provided in the certificate of incorporation, also be amended by the board of directors. Under the Companies Act, our
Memorandum and Articles may only be amended by special resolution of our shareholders.

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Rights of Non-Resident or Foreign Shareholders. There
are no limitations imposed by our Memorandum and Articles on the rights of non-resident or foreign shareholders to hold or exercise voting
rights on our shares. In addition, there are no provisions in our Memorandum and Articles governing the ownership threshold above which
shareholder ownership must be disclosed.

Directors’ Power to