Yes, the top picture is a cutaway of a Yamaha Blaster cylinder with the piston at Bottom Dead Center (BDC).
This is an example of a reed valve engine converted by the manufacturer from a piston port.
They did it by modifying the intake port and putting a hole in the piston skirt and include a boost port.
The reed is moderately close to the piston to reduce crankcase volume.
Intake and reed is on the left, exhaust on the right. The red is photoshopped in where I stuff these cylinders.
I know these cylinders quite well and am able to take them from 17hp to nearly 40.
This picture is just one that I grabbed off the net that illustrated cutting the cylinder rather than the piston skirt.
I do believe it is a China Girl cylinder, but there are so many small engines that look similar.
It is generic picture I grabbed off a google search and is what was often done in snowmobiles in the 1970s.
Problems are the reed is too far away from the piston and the huge volume added to the crankcase, but it works.
The cut can go as high as the transfer ports (some take it slightly higher to start charge roll) and deep enough to give the cross-sectional area need for flow. At least the area of the carb is typical.
Steve