BEIJING, June 20, 2025 — So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), China’s leading platform for aesthetic treatments, connecting consumers with online services and in-person procedures, declared today that it is modifying the effective date for its previously disclosed plan regarding an ADS ratio adjustment.

The Company had earlier intended to alter the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares. This change was to shift from the current ratio of thirteen (13) ADSs representing ten (10) Class A ordinary shares to a new ratio of one (1) ADS representing fifteen (15) Class A ordinary shares. This adjustment was initially set to become effective at the start of trading on June 30, 2025 (U.S. Eastern Time). After additional review, the Company has chosen to allocate more time to complete the necessary preparations for this ADS ratio modification. A revised schedule will be provided once it is determined.

For holders of the Company’s ADSs, this alteration in the ADS ratio will function similarly to a proportional reverse ADS split. The Company’s Class A ordinary shares themselves will remain unaltered. ADS holders listed as of the effective date will not need to perform any actions regarding this ADS ratio modification. The conversion of existing (old) ADSs into new ADSs will happen automatically, with the old ADSs being canceled and the depositary bank issuing new ADSs. Trading of the ADSs on Nasdaq will continue under the ticker symbol “SY.”

No partial new ADSs will be issued as a result of this ADS ratio adjustment. Instead, any fractional rights to new ADSs will be consolidated and sold by the depositary bank. The depositary bank will then distribute the net cash proceeds from the sale of these fractional ADS entitlements (after accounting for fees, taxes, and expenses) to the relevant ADS holders.

Consequently, due to the shift in the ADS ratio, the price of the ADS is anticipated to rise proportionally. However, the Company cannot guarantee that the ADS price post-ratio change will match or exceed a proportional price derived from the ADS price prior to the change.

About So-Young International Inc.

So-Young International Inc. (Nasdaq: SY), also referred to as “So-Young” or “the Company,” operates as China’s premier platform for aesthetic treatments, linking consumers with digital services and in-person procedures. The Company offers various aesthetic treatments through its digital platform and proprietary aesthetic facilities. Its services include providing carefully selected treatment details, enabling online booking, performing excellent treatments, and creating, manufacturing, and distributing optoelectronic medical devices and injectable goods. So-Young is strategically positioned to cater to its clientele over an extended period and expand within the medical aesthetic value chain, thanks to its significant brand recognition, extensive digital footprint, cost-effective treatments, and streamlined supply chain.

Safe Harbor Statement

This release includes forward-looking statements. These declarations are issued pursuant to the “safe harbor” stipulations of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are recognizable by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and comparable expressions. Any statements that are not historical facts, including but not limited to those concerning So-Young’s convictions and outlook, constitute forward-looking statements. These statements carry inherent risks and uncertainties. Additional details concerning these and other risks can be found in the Company’s submissions to the Securities and Exchange Commission. All data presented in this press release is current as of its publication date, and So-Young disclaims any obligation to update this information, unless mandated by relevant law.

For additional details, kindly contact:

So-Young

Investor Relations
Ms. Mona Qiao
Telephone: +86-10-8790-2012
Email:

Christensen

In China
Ms. Charlie Chi
Telephone: +86-10-5900-1548
Email:

In US
Ms. Linda Bergkamp
Telephone: +1-480-614-3004
Email:

SOURCE So-Young International Inc.