Company: VSA
Filing Date: 2025-09-19
Form Type: 424B3
Source: 0001193805-25-001308
Chunk: 35

Company: VisionSys AI Inc
Filing Date: 2025-09-19
Form: 424B3
Chunk 35
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 discharged from all obligations under the Deposit
Agreement, except for its obligations to the Depositary under Sections 5.8, 5.9 and 7.6 of the Deposit Agreement. The obligations under
the terms of the Deposit Agreement of Holders and Beneficial Owners of ADSs outstanding as of the Termination Date shall survive the Termination
Date and shall be discharged only when the applicable ADSs are presented by their Holders to the Depositary for cancellation under the
terms of the Deposit Agreement.

<div align='center'>A-24</div>

(25) Compliance with U.S. Securities Laws. Notwithstanding any provisions in this ADR or the Deposit Agreement to the contrary,
the withdrawal or delivery of Deposited Securities will not be suspended by the Company or the Depositary except as would be permitted
by Instruction I.A.(1) of the General Instructions to the Form F-6 Registration Statement, as amended from time to time, under the Securities
Act.

(26) Certain Rights of the Depositary. The Depositary, its Affiliates and their agents, on their own behalf, may own and
deal in any class of securities of the Company and its Affiliates and in ADSs.

<div align='center'>A-25

(ASSIGNMENT AND TRANSFER SIGNATURE LINES)</div>

FOR VALUE RECEIVED, the undersigned Holder hereby sell(s), assign(s)
and transfer(s) unto ______________________________ whose taxpayer identification number is _______________________ and whose address
including postal zip code is ________________, the within ADR and all rights thereunder, hereby irrevocably constituting and appointing
________________________ attorney-in-fact to transfer said ADR on the books of the Depositary with full power of substitution in the premises.

| Dated:                     | Name:                                                                                                                                                                                                                                                                                                          |        |
|                            |                                                                                                                                                                                                                                                                                                                | By:    |
|                            |                                                                                                                                                                                                                                                                                                                | Title: |
|                            | NOTICE: The signature of the Holder to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatsoever.                                                                                        |        |
|                            | If the endorsement be executed by an attorney, executor, administrator, trustee or guardian, the person executing the endorsement must give his/her full title in such capacity and proper evidence of authority to act in such capacity, if not on file with the Depositary, must be forwarded with this ADR. |        |
| __________________________ |