Company: VSA
Filing Date: 2025-11-13
Form Type: 424B5
Source: 0001213900-25-109735
Chunk: 161

Company: VisionSys AI Inc
Filing Date: 2025-11-13
Form: 424B5
Chunk 161
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 of the deposit agreement
and any applicable taxes or governmental charges or assessments). At any time after the date of termination of the deposit agreement,
the depositary may sell the deposited securities and thereafter hold uninvested the net proceeds, together with any other cash then held
by it without liability for interest for the pro rata benefit of the holders of ADRs not theretofore surrendered. Thereafter, the
depositary shall be discharged from all obligations under the deposit agreement with respect to the ADRs, the Shares, the deposited securities
and the ADSs, except to account for such net proceeds and other cash (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 of the deposit agreement and any applicable taxes or governmental charges or assessments). Upon the termination of the deposit
agreement, we will be discharged from all obligations under the deposit agreement as to the ADRs, the Shares, the deposited securities
and the ADSs except for certain specified obligations to the depositary under the terms of the deposit agreement.

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Limitations on Obligations and Liability to ADS holders

Limits on our obligations and the obligations of the depositary; limits on liability to ADS holders and holders of ADSs

Prior to the issue, registration, registration of transfer, split-up,
combination, or cancellation of any ADSs, or the delivery of any distribution in respect thereof, and from time to time in the case of
the production of proofs as described below, we or the depositary or its custodian may require:

| ● | payment with respect thereto of (i) any stock transfer                                                                              
 or other tax or other governmental charge, (ii) any stock transfer or registration fees in effect for the registration of transfers 
 of shares or other deposited securities upon any applicable register and (iii) any applicable fees and expenses described in the    
 deposit agreement;                                                                                                                  |

| ● | the production of proof satisfactory to it of (i) the                                                                                         
 identity of any signatory and genuineness of any signature and (ii) such other information, including without limitation information          
 as to citizenship, residence, exchange control approval, beneficial ownership of any securities, compliance with applicable law, regulations, 
 provisions of or governing deposited securities and terms of the deposit agreement and the ADRs, as it may deem