Company: VSA
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001193805-25-001433
Chunk: 5

Company: VisionSys AI Inc
Filing Date: 2025-10-10
Form: 424B3
Chunk 5
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 more co-transfer
agents for the purpose of effecting transfers, combinations and split-ups of ADRs at designated transfer offices on behalf of the Depositary
and the Depositary shall notify the Company in writing upon any such appointment. In carrying out its functions, a co-transfer agent may
require evidence of authority and compliance with applicable laws and other requirements by Holders or persons entitled to such ADRs and
will be entitled to protection and indemnity to the same extent as the Depositary. Such co-transfer agents may be removed and substitutes
appointed by the Depositary and the Depositary shall notify the Company in writing of any such removal or substitution. Each co-transfer
agent appointed under Section 2.6 of the Deposit Agreement (other than the Depositary) shall give notice in writing to the Depositary
accepting such appointment and agreeing to be bound by the applicable terms of the Deposit Agreement.

(4) Pre-Conditions to Registration, Transfer, Etc. As a condition precedent to the execution and delivery, the registration
of issuance, transfer, split-up, combination or surrender, of any ADS, the delivery of any distribution thereon, or the withdrawal of
any Deposited Property, the Depositary or the Custodian may require (i) payment from the depositor of Shares or presenter of ADSs or of
this ADR of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with
respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable
fees and charges of the Depositary as provided in Section 5.9 and to the Deposit Agreement and in this ADR, (ii) the
production of proof reasonably satisfactory to it as to the identity and genuineness of any signature or any other matter contemplated
by Section 3.1 of the Deposit Agreement, and (iii) compliance with (A) any laws or governmental regulations relating to the execution
and delivery of this ADR or ADSs or to the withdrawal of Deposited Securities and (B) such reasonable regulations as the Depositary and
the Company may establish consistent with the provisions of this ADR, the Deposit Agreement and applicable law.

The issuance of ADSs against deposits of Shares generally
or against deposits of particular Shares may be suspended, or the deposit of particular Shares may be refused, or the registration of
transfer of ADSs in particular instances may be refused, or the registration of