So-Young plans to implement ADS ratio change

So-Young (SY) International announced that the company plans to change the ratio of the American depositary shares to its Class A ordinary shares from thirteen ADSs representing ten Class A ordinary shares to one ADS representing fifteen Class A ordinary shares. For the company’s ADS holders, the change in the ADS ratio will result in an effect equivalent to a proportional reverse ADS split. There will be no change to the company’s Class A ordinary shares. The effect of the ratio change on the ADS trading price on Nasdaq is expected to take place at the open of trading on June 30, 2025. ADS holders of record on the effective date will not be required to take any action in connection with the ADS ratio change. The exchange of then-held ADSs for new ADS will occur automatically with the then-held ADSs being cancelled and new ADSs being issued by the depositary bank, in each case as of the effective date for the ADS ratio change. The ADSs will continue to be traded on Nasdaq under the symbol “SY.”