Community grant of Restricted Share Units to Mr. Xing Jin

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So-Young International Inc. (NASDAQ: SY) (“So-Young” or the “Company”), which is 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.

It is said that 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.

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