BEIJING, Nov. 13,
2023 /PRNewswire/ -- So-Young International Inc.
(Nasdaq: SY) ("So-Young" or the "Company"), the largest and most
vibrant social community in China
for consumers, professionals and service providers in the medical
aesthetics industry, today announced that its
subsidiary Miracle Laser Systems, Inc. ("Wuhan Miracle")
recently has submitted the application documents for its potential
initial public offering ("IPO") and listing on the Beijing Stock
Exchange. The IPO application documents have been received and
under reviewed by the Beijing Stock Exchange.
According to Wuhan Miracle's initial public offering documents,
it plans to issue up to 20,000,000 shares, excluding shares
issuable upon the exercise of an over-allotment option, which will
account for approximately 25% of its total share capital after the
IPO. Currently, the Company owns approximately 87.60% of Wuhan
Miracle's shares.
The completion of the proposed initial public offering of Wuhan
Miracle is subject to the review process by the Beijing Stock
Exchange and the registration process by the China Securities
Regulatory Commission. The Company cannot predict Wuhan Miracle's
ability to successfully complete the listing of its shares on the
Beijing Stock Exchange, the related timeline or the actual size and
pricing of the IPO.
About So-Young International Inc.
So-Young International Inc. is the largest and most vibrant
social community in China for
consumers, professionals and service providers in the medical
aesthetics industry. The Company presents users with reliable
information through offering high quality and trustworthy content
together with a multitude of social functions on its platform, as
well as by curating medical aesthetic service providers that are
carefully selected and vetted. Leveraging So-Young's strong brand
image, extensive audience reach, trust from its users, highly
engaging social community and data insights, the Company is
well-positioned to expand both along the medical aesthetic industry
value chain and into the massive, fast-growing consumption
healthcare service market.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including but not limited
to statements about So-Young's beliefs and expectations, are
forward-looking statements. Forward looking statements involve
inherent risks and uncertainties. Further information regarding
these and other risks is included in the Company's filings with the
Securities and Exchange Commission. All information provided in
this press release is as of the date of the press release, and
So-Young undertakes no duty to update such information, except as
required under applicable law.
For more information, please contact:
So-Young
Investor Relations
Ms. Vivian Xu
Phone: +86-10-8790-2012
E-mail: ir@soyoung.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: eric.yuan@christensencomms.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
View original
content:https://www.prnewswire.com/news-releases/so-youngs-subsidiary-wuhan-miracle-submits-application-documents-for-initial-public-offering-on-chinas-beijing-stock-exchange-301985981.html
SOURCE So-Young International Inc.
