Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 149

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 149
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of record for the shares represented by all outstanding ADSs, shareholder rights rest with such record holder. The rights of an ADS holder
are derived from the terms of the deposit agreement to be entered into among us, the depositary and all registered holders from time to
time of ADSs issued under the deposit agreement. The obligations of the depositary and its agents are also set out in the deposit agreement.
Because the depositary or its nominee will actually be the registered owner of the shares, ADS holders must rely on it to exercise the
rights of a shareholder such holders behalf. The deposit agreement and the ADSs are governed by New York law. Under the deposit agreement,
an ADS holder agrees that any legal suit, action or proceeding against or involving us or the depositary, arising out of or based upon
the deposit agreement or transactions contemplated thereby, may only be instituted in a state or federal court in New York, New York,
and an ADS holder irrevocably waive any objection which they may have to the laying of venue of any such proceeding and irrevocably submit
to the exclusive jurisdiction of such courts in any such suit, action or proceeding.

The following is a summary of what we believe to be the material terms
of the deposit agreement. Notwithstanding this, because it is a summary, it may not contain all the information that you may otherwise
deem important. For more complete information, you should read the entire deposit agreement and the form of ADR which contains the terms
of your ADSs. The deposit agreement has been filed with the SEC on July 3, 2014 as an exhibit to the registration statement on Form
S-8 (File No. 333-197226).

Dividends and Other Distributions

How will you receive dividends and other distributions on the Class A ordinary shares?

We may make various types of distributions with respect to our securities.
The depositary has agreed that, to the extent practicable, it will pay to you the cash dividends or other distributions it or the custodian
receives on shares or other deposited securities, after converting any cash received into U.S. dollars (if it determines such conversion
may be made on a practicable basis) and, in all cases, making any necessary deductions provided for in the deposit agreement. The depositary
may utilize a division, branch or affiliate of Citibank, N.A. to direct, manage and/or execute any public and/or private sale of securities
under the deposit agreement. Such division