BEIJING, Feb. 27,
2025 /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 on February 25, 2025, the Listing Qualifications
department of the Nasdaq Stock Market LLC ("Nasdaq") approved the
Company's request to transfer the listing of the Company's American
depositary shares (ADSs), with every 13 ADSs representing 10 Class
A ordinary shares, from The Nasdaq Global Market to The Nasdaq
Capital Market. The transfer is expected to take effect at the
opening of business on February 27,
2025. The transfer of the Company's listing to the Nasdaq
Capital Market is not expected to have any impact on trading in the
Company's ADSs. The Company's ADSs will continue to trade
uninterruptedly under the symbol "SY." The Nasdaq Capital Market
operates in substantially the same manner as the Nasdaq Global
Market, and companies on the Nasdaq Capital Market must meet
certain financial and corporate governance requirements to qualify
for continued listing.
As previously disclosed, on August 29,
2024, the Company received a notification letter from Nasdaq
indicating that the Company was not in compliance with Nasdaq
Listing Rule 5450(a)(1), as the closing bid price of the ADSs had
been below US$1.00 per ADS for the
previous 30 consecutive business days. The Company was given a
period of 180 calendar days, or until February 24, 2025, to regain compliance with the
minimum bid price requirement. In response, the Company submitted
an application to transfer the listing of its ADSs from The Nasdaq
Global Market to The Nasdaq Capital Market.
In conjunction with the transfer approval to the Nasdaq Capital
Market, Nasdaq also granted the Company an additional period of 180
calendar days, or until August 25,
2025, to regain compliance with the minimum bid price
requirement for continued listing. To regain compliance, the
closing bid price of the Company's ADSs must meet or exceed
US$1.00 per ADS for a minimum of 10
consecutive business days.
The Company intends to continue actively monitoring the closing
bid price of its ADSs and will consider other options to cure the
deficiency and regain compliance.
About So-Young International Inc.
So-Young International Inc. (Nasdaq: SY) 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.
For more information, please contact:
So-Young
Investor Relations
Ms. Mona Qiao
Phone: +86-10-8790-2012
E-mail: ir@soyoung.com
Christensen
In China
Ms. Dee Wang
Phone: +86-10-5900-1548
E-mail: dee.wang@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.
