Company: VSA
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001193805-25-001433
Chunk: 22

Company: VisionSys AI Inc
Filing Date: 2025-10-10
Form: 424B3
Chunk 22
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 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.

(16) Redemption. If the Company intends to exercise any right of redemption in respect of any of the Deposited Securities,
the Company shall give timely prior notice thereof to the Depositary which notice shall set forth the particulars of the proposed redemption.
Upon timely receipt of (i) such notice and (ii) satisfactory documentation given by the Company to the Depositary within the terms
of Section 5.7 of the Deposit Agreement, and only if the Depositary shall have determined that such proposed redemption is practicable,
the Depositary shall provide to each Holder a notice setting forth the intended exercise by the Company of the redemption rights and any
other particulars set forth in the Company’s notice to the Depositary. The Depositary shall instruct the Custodian to present to
the Company the Deposited Securities in respect of which redemption rights are being exercised against payment of the applicable redemption
price. Upon receipt of confirmation from the Custodian that the redemption has taken place and that funds representing the redemption
price have been received, the Depositary shall