Company: VSA
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001193805-25-001433
Chunk: 19

Company: VisionSys AI Inc
Filing Date: 2025-10-10
Form: 424B3
Chunk 19
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 or not it wishes such rights to be made available to Holders of ADSs. Upon the timely receipt of a notice indicating
that the Company wishes such rights to be made available to Holders of ADSs, the Depositary shall consult with the Company to determine,
and the Company shall assist the Depositary in its determination, whether it is lawful and practicable to make such rights available to
the Holders. The Depositary shall make such rights available to Holders only if (i) the Company shall have timely requested that such
rights be made available to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7
of the Deposit Agreement, and (iii) the Depositary shall have determined that such distribution of rights is practicable. In the event
any of the conditions set forth above are not satisfied or if the Company requests that the rights not be made available to Holders of
ADSs, the Depositary shall proceed with the sale of the rights as contemplated in Section 4.4(b) of the Deposit Agreement. In the event
all conditions set forth above are satisfied, the Depositary shall establish an ADS Record Date (upon the terms described in Section 4.9
of the Deposit Agreement) and establish procedures to (x) distribute rights to purchase additional ADSs (by means of warrants or otherwise),
(y) to enable the Holders to exercise such rights (upon payment of the subscription price and of the applicable (a) fees and charges of,
and expenses incurred by, the Depositary and (b) taxes), and (z) to deliver ADSs upon the valid exercise of such rights. The Company shall
assist the Depositary to the extent necessary in establishing such procedures. Nothing herein shall obligate the Depositary to make available
to the Holders a method to exercise rights to subscribe for Shares (rather than ADSs).

If (i) the Company does not timely request the Depositary
to make the rights available to Holders or requests that the rights not be made available to Holders, (ii) the Depositary fails to receive
satisfactory documentation within the terms of Section 5.7 of the Deposit Agreement or determines it is not practicable to make the rights
available to Holders, or (iii) any rights made available are not exercised and appear to be about to lapse, the Depositary shall determine
whether it is lawful and practicable to sell such rights, in a riskless principal capacity