So-Young Announces Receipt of Minimum Bid Price Notice from Nasdaq
18 Julho 2022 - 6:30AM
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 it has received a written
notification from the staff of the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated July 15,
2022, indicating that for the last 30 consecutive business days,
the closing bid price of the Company’s American depositary shares
(the “ADSs”) was below the minimum bid price of US$1.00 per share
requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq
notification letter has no current effect on the listing or trading
of the Company’s ADSs on Nasdaq.
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company
is provided with a compliance period of 180 calendar days, or until
January 11, 2023, to regain compliance under the Nasdaq Listing
Rules. If at any time during the 180-day compliance period, the
closing bid price of the Company’s ADSs is US$1.00 per share or
higher for at least ten consecutive business days, Nasdaq will
provide the Company written confirmation of compliance and the
matter will be closed. In the event the Company does not regain
compliance by January 11, 2023, subject to the determination by the
staff of Nasdaq, the Company may be eligible for an additional
180-day compliance period.
The Nasdaq notification letter does not affect the Company’s
business operations, and the Company will take all reasonable
measures to regain compliance within the prescribed grace
period.
About So-Young International Inc.
So-Young International Inc. (Nasdaq: SY) (“So-Young” or the
“Company”) 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.
So-Young may also make written or oral forward-looking statements
in its periodic reports to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in verbal statements made by its
officers, directors or employees to third parties. 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 announcement is as of
the date of hereof, and the Company undertakes no duty to update
such information, except as required under applicable law.
For more information, please contact:
Investor RelationsMs. Vivian XuPhone: +86-10-8790-2012E-mail:
ir@soyoung.com
Christensen
In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail:
Eyuan@christensenir.com
In USMs. Linda BergkampPhone: +1-480-614-3004Email:
lbergkamp@christensenir.com
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