BEIJING, Jan. 8, 2024
/PRNewswire/ -- So-Young International Inc. (NASDAQ: SY)
("So-Young" or the "Company"), the largest and most vibrant social
community in China for consumers,
professionals and service providers in the medical aesthetics
industry, today announced that during the term of the Company's
share repurchase program previously announced in November 2022 and modified in January 2023 (the "2022 Share Repurchase
Program") and the share repurchase program previously announced in
May 2021 (the "2021 Share Repurchase
Program"), the Company in aggregate purchased approximately 13.3
million ADSs, representing 10.3 million Class A ordinary shares of
the Company, for an aggregate consideration of approximately
US$54.5 million (inclusive of broker
commissions). The Company plans to cancel all of the Class A
ordinary shares underlying the ADSs that were repurchased under the
2022 Share Repurchase Program and the 2021 Share Repurchase
Program.
About So-Young
So-Young is the largest and most vibrant social community
in China for consumers, professionals and service
providers in the medical aesthetics industry. The Company presents
users with reliable information through offering high quality and
trustworthy content together with a multitude of social functions
on its platform, as well as by curating medical aesthetic service
providers that are carefully selected and vetted. Leveraging
So-Young's strong brand image, extensive audience reach, trust from
its users, highly engaging social community and data insights, the
Company is well-positioned to expand both along the medical
aesthetic industry value chain and into the massive, fast-growing
consumption healthcare service market.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including but not limited
to statements about So-Young's beliefs and expectations, are
forward-looking statements. Forward looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement. Further information regarding these and
other risks is included in the Company's filings with the
Securities and Exchange Commission. All information provided in
this press release is as of the date of the press release, and
So-Young undertakes no duty to update such information, except as
required under applicable law.
For more information, please contact:
So-Young
Investor Relations
Ms. Vivian Xu
Phone: +86-10-8790-2012
E-mail: ir@soyoung.com
Christensen
In China
Mr. Christian Arnell
Phone: +852-2232-3968
E-mail: christian.arnell@christensencomms.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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SOURCE So-Young International Inc.