So-Young International Inc. plans to change the ratio of its American depositary shares (ADSs) to Class A ordinary shares from thirteen ADSs representing ten Class A ordinary shares, to one ADS representing fifteen Class A ordinary shares. This adjustment is equivalent to a proportional reverse ADS split for current ADS holders.
The change in the ADS ratio is expected to take effect at the open of trading on June 30, 2025, U.S. Eastern Time. No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to applicable ADS holders.
The company's Class A ordinary shares will not undergo any changes, and the ADSs will continue to trade on Nasdaq under the symbol "SY." The ADS price is expected to increase proportionally as a result of this change.
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