Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 139

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 139
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 or action by
our shareholders.

Ownership Threshold

There are no provisions under the laws of the Cayman
Islands or under our Memorandum and Articles that govern the ownership threshold above which shareholder ownership must be disclosed.

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Differences Between the Law of Cayman Islands and Delaware

The Companies Act is derived, to a large extent,
from the older Companies Acts of England but does not follow recent United Kingdom statutory enactments, and accordingly there are significant
differences between the Companies Act and the current Companies Act of England. In addition, the Companies Act differs from laws applicable
to United States corporations and their shareholders. Set forth below is a summary of the significant differences between the provisions
of the Companies Act applicable to us and the comparable provisions of the laws applicable to companies incorporated in the State of Delaware
and their shareholders.

Mergers and Similar Arrangements. The
Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman Islands companies and non-Cayman
Islands companies. For these purposes, (a) “merger” means the merging of two or more constituent companies and the vesting
of their undertaking, property and liabilities in one of such companies as the surviving company and (b) a “consolidation”
means the combination of two or more constituent companies into a combined company and the vesting of the undertaking, property and liabilities
of such companies to the consolidated company. In order to effect such a merger or consolidation, the directors of each constituent company
must approve a written plan of merger or consolidation, which must then be authorized by (a) a special resolution of the shareholders
of each constituent company, and (b) such other authorization, if any, as may be specified in such constituent company’s articles
of association. The written plan of merger or consolidation must be filed with the Registrar of Companies together with a declaration
as to the solvency of the consolidated or surviving company, a statement of the assets and liabilities of each constituent company and
an undertaking that a copy of the certificate of merger or consolidation will be given to the members and creditors of each constituent
company and that notification of the merger or consolidation will be published in the Cayman Islands Gazette. Dissenting shareholders
have the right to be paid the fair value of their shares (which, if not agreed between the parties, will be determined by the Cayman Islands
court) if they follow the required procedures, subject to certain exceptions. The exercise