BEIJING, Jan. 5, 2024
/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 the Compensation Committee has
approved to grant, and the Company has granted to Mr. Xing Jin, the chairman of the board of directors
and the chief executive officer of the Company, 2,923,077
restricted share units of the Company (the "Restricted Share
Units"), each representing the right to receive one Class A
ordinary share of the Company upon vesting. The restricted share
units were granted to Mr. Jin to recognize and reward his
contribution to the Company and to incentivize him to lead the
Company to greater business results as the Company explores new
business initiatives.
To better align the Company's long-term strategies and the
shareholders' interests, Mr. Jin has agreed not to sell more than
one-third of the total Class A ordinary shares to be issued upon
the vesting of the Restricted Share Units in each year ending
December 31, 2024, 2025 and 2026.
About So-Young
So-Young 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.
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. Christian Arnell
Phone: +852-2232-3968
E-mail: christian.arnell@christensencomms.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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SOURCE So-Young International Inc.