Company: VSA
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001193805-25-001433
Chunk: 18

Company: VisionSys AI Inc
Filing Date: 2025-10-10
Form: 424B3
Chunk 18
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 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 elective distribution available to the Holders of ADSs.
The Depositary shall make such elective distribution available to Holders only if (i) the Company shall have timely requested that the
elective distribution be made available to Holders, (ii) the Depositary shall have determined that such distribution is practicable and
(iii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 of the Deposit Agreement. If the above
conditions are not satisfied, the Depositary shall establish an ADS Record Date on the terms described in Section 4.9 of the Deposit Agreement
and, to the extent permitted by law, distribute to the Holders, on the basis of the same determination as is made in the Cayman Islands
in respect of the Shares for which no election is made, either (X) cash upon the terms described in Section 4.1 of the Deposit Agreement
or (Y) additional ADSs representing such additional Shares upon the terms described in Section 4.2 of the Deposit Agreement. If the above
conditions are satisfied, the Depositary shall establish an ADS Record Date on the terms described in Section 4.9 of the Deposit Agreement
and establish procedures to enable Holders to elect the receipt of the proposed distribution in cash or in additional ADSs. The Company
shall assist the Depositary in establishing such procedures to the extent necessary. If a Holder elects to receive the proposed distribution
(X) in cash, the distribution shall be made upon the terms described in Section 4.1 of the Deposit Agreement, or (Y) in ADSs, the distribution
shall be made upon the terms described in Section 4.2 of the Deposit Agreement. Nothing herein shall obligate the Depositary to make available
to Holders a method to receive the elective distribution in Shares (rather than ADSs). There can be no assurance that Holders generally,
or any Holder in particular, will be given the opportunity to receive elective distributions on the same terms and conditions as the holders
of Shares.

Whenever the Company intends to distribute to the
holders of the Deposited Securities rights to subscribe for additional Shares, the Company shall give timely prior notice thereof to the
Depositary specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such
distribution and whether