VisionSys AI Inc (Nasdaq: VSA), a Cayman Islands exempted company, informed Nasdaq of its election to follow certain Cayman Islands corporate governance practices in lieu of Nasdaq Listing Rules 5620(a) and 5635. This allows the Company to forgo annual shareholder meetings and certain shareholder approvals for security issuances.
Key takeaways
VisionSys AI Inc elects Cayman Islands practices over Nasdaq Rule 5620(a) requiring annual shareholder meetings within one year of fiscal year-end.
VisionSys AI Inc elects Cayman Islands practices over Nasdaq Rule 5635 requiring shareholder approval for security issuances in acquisitions, equity compensation, change of control, and certain other transactions.
Election is not prohibited under Cayman Islands law or the Company's amended and restated memorandum and articles of association.
Report signed by Tianlong Wang, Chief Executive Officer, on March 5, 2026.