Company: VSA
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001193805-25-001433
Chunk: 26

Company: VisionSys AI Inc
Filing Date: 2025-10-10
Form: 424B3
Chunk 26
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ary shall (unless otherwise specified in the notice
distributed to Holders) deem such Holder, to have instructed the Depositary to give a discretionary proxy to a person designated by the
Company to vote the Deposited Securities; provided, however, that no such discretionary proxy shall be given by the Depositary with respect
to any matter to be voted upon as to which the Company informs the Depositary that (A) the Company does not wish such proxy to be given,
(B) substantial opposition exists, or (C) the rights of holders of Deposited Securities may be materially adversely affected.

Neither the Depositary nor the Custodian shall under
any circumstances exercise any discretion as to voting and neither the Depositary nor the Custodian shall vote, attempt to exercise the
right to vote, or in any way make use of, for purposes of establishing a quorum or otherwise, the Deposited Securities represented by
ADSs, except pursuant to and in accordance with the voting instructions timely received from Holders or as otherwise contemplated in the
Deposit Agreement or herein. If the Depositary timely receives voting instructions from a Holder which fail to specify the manner in which
the Depositary is to vote the Deposited Securities represented by such Holder’s ADSs, the Depositary will deem such Holder (unless
otherwise specified in the notice distributed to Holders) to have instructed the Depositary to vote in favor of the items set forth in
such voting instructions. Deposited Securities represented by ADSs for which no timely voting instructions are received by the Depositary
from the Holder shall not be voted (except (i) in the case voting at the shareholders meeting is by show of hands, in which case the Depositary
will instruct the Custodian to vote all Deposited Securities in accordance with the voting instructions received from a majority of Holders
of ADSs who provided voting instructions and (ii) as contemplated in Section 4.10 of the Deposit Agreement). Notwithstanding anything
else contained herein, the Depositary shall, if so requested in writing by the Company, represent all Deposited Securities (whether or
not voting instructions have been received in respect of such Deposited Securities from Holders as of the ADS Record Date) for the sole
purpose of establishing quorum at a meeting of shareholders.

Notwithstanding anything else contained in the Deposit
Agreement or this ADR, the Depositary shall not have any obligation to take any action with respect to any meeting, or solicitation of
consents or proxies, of holders of Depos