Company: VSA
Filing Date: 2025-09-19
Form Type: 424B3
Source: 0001193805-25-001308
Chunk: 22

Company: VisionSys AI Inc
Filing Date: 2025-09-19
Form: 424B3
Chunk 22
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 to make such distribution 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 is practicable.

Upon receipt of satisfactory documentation and the
request of the Company to distribute property to Holders of ADSs and after making the requisite determinations set forth in (a) above,
the Depositary shall distribute the property so received to the Holders of record, as of the ADS Record Date, in proportion to the number
of ADSs held by them respectively and in such manner as the Depositary may deem practicable for accomplishing such distribution (i) upon
receipt of payment or net of the applicable fees and charges of, and expenses incurred by, the Depositary, and (ii) net of any taxes withheld.
The Depositary may dispose of all or a portion of the property so distributed and deposited, in such amounts and in such manner (including
public or private sale) as the Depositary may deem practicable or necessary to satisfy any taxes (including applicable interest and penalties)
or other governmental charges applicable to the distribution.

If (i) the Company does not request the Depositary
to make such distribution to Holders or requests not to make such distribution to Holders, (ii) the Depositary does not receive satisfactory
documentation within the terms of Section 5.7 of the Deposit Agreement, or (iii) the Depositary determines that all or a portion of such
distribution is not practicable, the Depositary shall sell or cause such property to be sold in a public or private sale, at such place
or places and upon such terms as it may deem practicable and shall (i) cause the proceeds of such sale, if any, to be converted into Dollars
and (ii) distribute the proceeds of such conversion received by the Depositary (net of applicable (a) fees and charges of, and expenses
incurred by, the Depositary and (b) taxes) to the Holders as of the ADS Record Date upon the terms of Section 4.1 of the Deposit Agreement.
If the Depositary is unable to sell such property, the Depositary may dispose of such property for the account of the Holders in any way
it deems practicable under the circumstances.

<div align='center'>A-16</div>

(16) Redemption. If the Company intends to exercise any right of redemption in respect of any of