Company: VSA
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001193805-25-001433
Chunk: 28

Company: VisionSys AI Inc
Filing Date: 2025-10-10
Form: 424B3
Chunk 28
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 the Depositary, amend the Registration Statement on Form F-6 as filed with the Commission
to permit the issuance of such new form of ADRs. Notwithstanding the foregoing, in the event that any Deposited Property so received may
not be lawfully distributed to some or all Holders, the Depositary may, with the Company’s approval, and shall, if the Company requests,
subject to receipt of an opinion of Company’s counsel reasonably satisfactory to the Depositary that such action is not in violation
of any applicable laws or regulations, sell such Deposited Property at public or private sale, at such place or places and upon such terms
as it may deem proper and may allocate the net proceeds of such sales (net of (a) fees and charges of, and expenses incurred by, the Depositary
and (b) taxes) for the account of the Holders otherwise entitled to such Deposited Property upon an averaged or other practicable basis
without regard to any distinctions among such Holders and distribute the net proceeds so allocated to the extent practicable as in the
case of a distribution received in cash pursuant to Section 4.1 of the Deposit Agreement. The Depositary shall not be responsible for
(i) any failure to determine that it may be lawful or practicable to make such Deposited Property available to Holders in general or to
any Holder in particular, (ii) any foreign exchange exposure or loss incurred in connection with such sale, or (iii) any liability to
the purchaser of such Deposited Property.

(20) Exoneration. Neither the Depositary nor the Company shall be obligated to do or perform any act which is inconsistent
with the provisions of the Deposit Agreement or incur any liability (i) if the Depositary or the Company shall be prevented or forbidden
from, or delayed in, doing or performing any act or thing required by the terms of the Deposit Agreement and this ADR, by reason of any
provision of any present or future law or regulation of the United States, the Cayman Islands or any other country, or of any other governmental
authority or regulatory authority or stock exchange, or on account of the possible criminal or civil penalties or restraint, or by reason
of any provision, present or future, of the Articles of Association of the Company or any provision of or governing any Deposited Securities,
or by reason of any act of God or war or other circumstances beyond its control (including, without limitation, nationalization, expropriation,
currency restrictions