So-Young Receives Approval to Transfer to Nasdaq Capital Market and Extension of Minimum Bid Price Compliance Period

Core Viewpoint - So-Young International Inc. has received approval from Nasdaq to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market due to non-compliance with minimum bid price requirements [1][2][3] Group 1: Listing Transfer - The transfer of the Company's American depositary shares (ADSs) is effective from February 27, 2025, and will not impact trading, as the ADSs will continue to trade under the symbol "SY" [1] - The Nasdaq Capital Market operates similarly to the Nasdaq Global Market, with specific financial and corporate governance requirements for continued listing [1] Group 2: Compliance Issues - On August 29, 2024, the Company was notified of non-compliance with Nasdaq Listing Rule 5450(a)(1) due to the closing bid price being below US$1.00 for 30 consecutive business days [2] - The Company was granted an additional 180 calendar days, until August 25, 2025, to regain compliance with the minimum bid price requirement [3] - To regain compliance, the closing bid price must meet or exceed US$1.00 for a minimum of 10 consecutive business days [3] Group 3: Company Overview - So-Young International Inc. is the largest social community in China for the medical aesthetics industry, providing reliable information and high-quality content to users [5] - The Company is well-positioned to expand within the medical aesthetic industry and into the growing consumption healthcare service market [5]