So-Young shares rose more than 11% in premarket trading after announcing receipt of a preliminary non-binding proposal to acquire the company

So-Young shares rose more than 11% in premarket trading after announcing receipt of a preliminary non-binding proposal to acquire the company.The Chief Executive Officer of the company proposed purchase price of US$5.30 per American depositary share (“ADS,” with every 13 ADSs representing 10 Shares), or US$6.89 per Share, in cash, will provide a very attractive opportunity to the Company’s shareholders. This price represents a premium of approximately 22.7% to the Company’s ADSs closing price on November 19, 2021, and a premium of approximately 21.8% to the volume-weighted average price of the Company’s ADSs during the last 30 trading days.