So-Young International Inc. - American Depository Shares (SY)

BEIJING, Oct. 21, 2022 (GLOBE NEWSWIRE) -- 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 special committee of the Company’s board of directors (the “Board”) has received a letter from Mr. Xing Jin, Chairman of the Board and Chief Executive Officer of So-Young (“Mr. Jin”), stating that Mr. Jin would withdraw the non-binding going private proposal (the “Proposal”) dated November 22, 2021, with immediate effect. The letter stated that, having given due consideration to recent market conditions, Mr. Jin has determined not to proceed with the Proposal. The Board has approved to dissolve the special committee of the Board.

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against So-Young International Inc. (NASDAQ: SY) on behalf of So-Young stockholders. Our investigation concerns whether So-Young has violated the federal securities laws and/or engaged in other unlawful business practices.

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of So-Young International Inc. (“So-Young” or the “Company”) (NASDAQ: SY) investors concerning the Company’s possible violations of the federal securities laws.

The Law Offices of Frank R. Cruz announces an investigation of So-Young International Inc. (“So-Young” or the “Company”) (NASDAQ: SY) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Law Offices of Howard G. Smith announces an investigation on behalf of So-Young International Inc. (“So-Young” or the “Company”) (NASDAQ: SY) investors concerning the Company’s possible violations of federal securities laws.

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of So-Young International Inc. (NASDAQ: SY) resulting from allegations that So-Young may have issued materially misleading business information to the investing public.