So-Young Announces Receipt of Withdrawal of Buyer Group’s Going Private Proposal
21 Outubro 2022 - 7:00AM
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 the special committee of
the Company’s board of directors (the “
Board”) has
received a letter from Mr. Xing Jin, Chairman of the Board and
Chief Executive Officer of So-Young (“
Mr. Jin”),
stating that Mr. Jin would withdraw the non-binding going private
proposal (the “
Proposal”) dated November 22, 2021,
with immediate effect. The letter stated that, having given due
consideration to recent market conditions, Mr. Jin has determined
not to proceed with the Proposal. The Board has approved to
dissolve the special committee of the Board.
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.
For more information, please
contact:
So-Young
Investor RelationsMs. Vivian
XuPhone: +86-10-8790-2012E-mail: ir@soyoung.com
Christensen
In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail:
eric.yuan@christensencomms.com
In USMs. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.com
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