BEIJING, May 30, 2025 /PRNewswire/ — So-Young International Inc. (Nasdaq: SY), a leading player in China’s burgeoning aesthetic treatment market, has announced plans to adjust its American depositary share (ADS) ratio. The firm, which connects consumers with online services and offline treatments, intends to shift from a structure where thirteen ADSs represent ten Class A ordinary shares, to a new ratio of one ADS representing fifteen Class A ordinary shares.
Effectively, this change will function as a reverse ADS split for So-Young’s ADS holders. Importantly, the underlying Class A ordinary shares will remain unchanged. The company anticipates the ratio adjustment to take effect at the opening of trading on June 30, 2025 (U.S. Eastern Time). Investors holding ADSs on the effective date won’t need to take any action. The process will be automatic: existing ADSs will be cancelled, and new ADSs will be issued by the depositary bank. The ADSs will continue to trade on Nasdaq under the symbol “SY.”
Investors should note that no fractional new ADSs will be issued as part of this process. Instead, fractional entitlements will be aggregated and sold by the depositary bank. The net cash proceeds from the sale (after deducting fees and expenses) will then be distributed to the relevant ADS holders.
The adjustment is expected to proportionally increase the ADS price. However, the company cautions that there’s no guarantee the post-split price will equal or exceed the proportional value based on the pre-split price.
About So-Young International Inc.
So-Young International Inc. (Nasdaq: SY) is a prominent platform within the Chinese aesthetic treatment sector, connecting consumers with both online resources and offline treatment options. The firm’s online portal and affiliated aesthetic centers offer consumers a comprehensive suite of services. These include curated treatment information, booking capabilities, facilitation of high-quality treatments, and the development, production, and distribution of optoelectronic medical equipment and injectable products. Leveraging strong brand recognition, robust digital reach, accessible treatments, and an efficient supply chain, So-Young is well-positioned to serve its audience and expand its presence within the medical aesthetic value chain.
Safe Harbor Statement
This announcement contains forward-looking statements as defined under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements use terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar language. Such statements are not historical facts and include projections of So-Young’s expectations. Forward-looking statements involve inherent risks and uncertainties. Further details on these and other risks are found in So-Young’s filings with the Securities and Exchange Commission. All information is current as of the release date and is subject to revision. So-Young has no obligation to update it in any future filings.
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