Company: VSA
Filing Date: 2025-09-19
Form Type: 424B3
Source: 0001193805-25-001308
Chunk: 18

Company: VisionSys AI Inc
Filing Date: 2025-09-19
Form: 424B3
Chunk 18
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ary shall hold and/or distribute any unsold balance of such property in
accordance with the provisions of the Deposit Agreement.

<div align='center'>A-13</div>

Whenever the Company intends to make a distribution
payable at the election of the holders of Deposited Securities in cash or in additional Shares, the Company shall give notice thereof
to the Depositary at least thirty (30) days prior to the proposed distribution specifying, inter alia, the record date applicable
to holders of Deposited Securities entitled to receive such elective distribution and whether or not it wishes such elective distribution
to be made available to Holders of ADSs. Upon the timely receipt of a notice indicating that the Company wishes such elective distribution
to be made available to Holders of 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,