[SCHEDULE 13G/A] So-Young International Inc. SEC Filing
So-Young International Inc. Schedule 13G amendment reports that several related Matrix Partners entities and an individual, David Su, hold material, shared ownership stakes in the company's Class A ordinary shares. MPC Management III and related entities report beneficial ownership of 9,435,763 shares, representing 10.4% of the Class A shares outstanding. MPC III reports 8,492,188 shares (9.4%) and MPC III-A reports 943,575 shares (1.0%).
All reported voting and dispositive power is listed as shared (no sole voting or dispositive power reported). The filing notes these percentages are calculated on a base of 90,626,150 Class A ordinary shares outstanding as disclosed to the reporting persons. The Reporting Persons expressly disclaim status as a "group." Items describing group membership, certain ownership-by-others, and other standard Schedule 13G disclosures are marked not applicable or are addressed by reference to the original Schedule 13G.
So-Young International Inc. nel suo emendamento al Schedule 13G segnala che diverse entit脿 correlate di Matrix Partners e una persona fisica, David Su, detengono partecipazioni rilevanti e in compropriet脿 nelle azioni ordinarie Classe A della societ脿. MPC Management III e le entit脿 collegate dichiarano una titolarit脿 beneficiaria di 9,435,763 azioni, pari al 10.4% delle azioni di Classe A in circolazione. MPC III riporta 8,492,188 azioni (9.4%) e MPC III-A 943,575 azioni (1.0%).
Tutti i poteri di voto e dispositivi segnalati sono indicati come condivisi (non 猫 riportato alcun potere di voto o dispositvo esclusivo). Il deposito chiarisce che queste percentuali sono calcolate su una base di 90,626,150 azioni ordinarie Classe A in circolazione come comunicato alle persone che presentano il rapporto. I soggetti che presentano il rapporto declinano espressamente lo status di "group". Le voci relative all'appartenenza a un gruppo, ad alcune partecipazioni detenute da terzi e altre divulgazioni standard del Schedule 13G sono indicate come non applicabili o rimandate al Schedule 13G originale.
So-Young International Inc. enmienda su Schedule 13G e reporta que varias entidades relacionadas de Matrix Partners y una persona f铆sica, David Su, poseen participaciones materiales y en copropiedad en las acciones ordinarias Clase A de la compa帽铆a. MPC Management III y entidades relacionadas declaran una propiedad beneficiaria de 9,435,763 acciones, que representan el 10.4% de las acciones Clase A en circulaci贸n. MPC III informa 8,492,188 acciones (9.4%) y MPC III-A 943,575 acciones (1.0%).
Todos los poderes de voto y dispositivos informados aparecen como compartidos (no se reporta ning煤n poder de voto o dispositivo exclusivo). La presentaci贸n indica que estos porcentajes se calculan sobre una base de 90,626,150 acciones ordinarias Clase A en circulaci贸n seg煤n lo divulgado a las personas informantes. Las Personas Informantes niegan expresamente el estatus de "group". Los apartados que describen pertenencia a grupo, ciertas participaciones de terceros y otras divulgaciones est谩ndar del Schedule 13G se marcan como no aplicables o se remiten al Schedule 13G original.
So-Young International Inc.鞚� Schedule 13G 靾橃爼 氤搓碃靹滌棎 霐半ゴ氅� 鞐煬 甏�霠� Matrix Partners 瓿勳棿靷檧 臧滌澑 David Su臧� 須岇偓鞚� 韥措灅鞀� A 氤错喌欤检棎 雽�頃� 欷戩殧頃� 瓿惦彊 靻岇湢 歆�攵勳潉 氤挫湢頃橁碃 鞛堨姷雼堧嫟. MPC Management III 氚� 甏�霠� 氩曥澑霌れ潃 靾橃澋鞝� 靻岇湢甓岇溂搿� 9,435,763欤�毳� 氤搓碃頄堨溂氅�, 鞚措姅 氚滍枆霅� 韥措灅鞀� A 欤检嫕鞚� 10.4%鞐� 頃措嫻頃╇媹雼�. MPC III電� 8,492,188欤�(9.4%), MPC III-A電� 943,575欤�(1.0%)毳� 氤搓碃頄堨姷雼堧嫟.
氤搓碃霅� 氇摖 鞚橁舶甓� 氚� 觳橂秳甓岇潃 瓿惦彊鞙茧 旮办灛霅橃柎 鞛堨溂氅�(雼弲 鞚橁舶甓� 霕愲姅 觳橂秳甓岇潃 氤搓碃霅橃 鞎婌潓), 頃措嫻 牍勳湪霌れ潃 氤搓碃鞚鸽摛鞐愱矊 瓿店皽霅� 90,626,150欤�鞚� 韥措灅鞀� A 氤错喌欤茧ゼ 旮办鞙茧 靷办爼霅橃棃雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 氤搓碃鞚胳潃 氇呾嫓鞝侅溂搿� 鞛愳嫚霌れ潉 "group"鞙茧 氤挫 鞎婋姅雼り碃 攵�鞚疙暕雼堧嫟. 攴鸽９ 甑劚, 韮�鞚胳潣 鞚茧秬 靻岇湢 氚� 旮绊儉 響滌 Schedule 13G 瓿奠嫓電� 頃措嫻 靷暛 鞐嗢潓鞙茧 響滌嫓霅橁卑雮� 鞗愲掣 Schedule 13G毳� 彀胳“頃橂弰搿� 觳橂Μ霅橃柎 鞛堨姷雼堧嫟.
So-Young International Inc. indique dans un amendement au Schedule 13G que plusieurs entit茅s affili茅es de Matrix Partners ainsi qu'une personne physique, David Su, d茅tiennent des participations substantielles et en propri茅t茅 partag茅e dans les actions ordinaires de classe A de la soci茅t茅. MPC Management III et les entit茅s li茅es d茅clarent une propri茅t茅 b茅n茅ficiaire de 9,435,763 actions, repr茅sentant 10.4% des actions de classe A en circulation. MPC III d茅clare 8,492,188 actions (9.4%) et MPC III-A 943,575 actions (1.0%).
Tous les pouvoirs de vote et de disposition d茅clar茅s sont indiqu茅s comme 辫补谤迟补驳茅蝉 (aucun pouvoir de vote ou de disposition exclusif n'est signal茅). Le d茅p么t pr茅cise que ces pourcentages sont calcul茅s sur la base de 90,626,150 actions ordinaires de classe A en circulation telles que communiqu茅es aux personnes d茅clarante. Les personnes d茅clarante d茅mentent express茅ment le statut de "group". Les rubriques d茅crivant l'appartenance 脿 un groupe, certaines d茅tentions par des tiers et autres divulgations standard du Schedule 13G sont indiqu茅es comme non applicables ou renvoient au Schedule 13G original.
So-Young International Inc. meldet in einer 脛nderung zum Schedule 13G, dass mehrere verbundene Matrix Partners-Einheiten sowie eine Privatperson, David Su, wesentliche Gemeinschaftsanteile an den Stammaktien der Klasse A des Unternehmens halten. MPC Management III und verbundene Einheiten geben eine wirtschaftliche Eigent眉merschaft von 9,435,763 Aktien an, was 10.4% der ausstehenden Klasse-A-Aktien entspricht. MPC III meldet 8,492,188 Aktien (9.4%) und MPC III-A 943,575 Aktien (1.0%).
Alle gemeldeten Stimm- und Verf眉gungsrechte sind als gemeinsam angegeben (keine alleinigen Stimm- oder Verf眉gungsrechte gemeldet). In der Einreichung wird angegeben, dass diese Prozents盲tze auf einer Basis von 90,626,150 ausstehenden Klasse-A-Stammaktien berechnet wurden, wie den meldenden Personen offengelegt. Die meldenden Personen lehnen ausdr眉cklich den Status als "group" ab. Punkte zur Gruppenmitgliedschaft, zu bestimmten Beteiligungen durch Dritte und andere standardm盲脽ige Schedule-13G-Offenlegungen sind als nicht anwendbar gekennzeichnet oder verweisen auf das urspr眉ngliche Schedule 13G.
- Material ownership disclosed: MPC Management III and related entities report 9,435,763 shares (10.4%), a clearly quantified, investor-impacting stake.
- Clear percentages and share base: Percentages are calculated on a disclosed total of 90,626,150 Class A shares outstanding, providing transparent basis for the ownership figures.
- Detailed entity-level reporting: The filing lists holdings separately for MPC III (8,492,188; 9.4%) and MPC III-A (943,575; 1.0%), aiding investor clarity.
- No sole voting or dispositive power reported: All reported authority is shared, indicating no single reporting person claims unilateral control.
- Reporting Persons disclaim group status: The explicit disclaimer may limit assumptions about coordinated action despite overlapping interests.
Insights
TL;DR: Matrix-related entities and David Su disclose a material shared stake鈥攐ver 10%鈥攊n So-Young (SY), with clear ownership counts.
The amendment provides clear, quantifiable disclosure of beneficial ownership: 9,435,763 shares (10.4%) reported by MPC Management III and affiliated entities, and separate holdings by MPC III (8,492,188; 9.4%) and MPC III-A (943,575; 1.0%). All voting and dispositive power reported is shared, which limits claims of unilateral control while showing concentrated investor influence. Percentages are calculated on a disclosed share base of 90,626,150 Class A shares. This is a material ownership disclosure but contains no transaction-level detail or change commentary in this amendment.
TL;DR: The filing reveals concentrated, shared ownership by private-equity-related entities and an individual, with an explicit disclaimer of group status.
The Reporting Persons explicitly disclaim being a "group," yet several affiliated entities and an individual report overlapping beneficial interests and identical aggregate figures in some entries (9,435,763; 10.4%). The filing shows no sole voting or dispositive power, indicating governance influence is likely exercised collectively or via governance arrangements at the partnership/GP level. The document is a disclosure of position rather than an event (no acquisitions, dispositions, or changes are detailed here).
So-Young International Inc. nel suo emendamento al Schedule 13G segnala che diverse entit脿 correlate di Matrix Partners e una persona fisica, David Su, detengono partecipazioni rilevanti e in compropriet脿 nelle azioni ordinarie Classe A della societ脿. MPC Management III e le entit脿 collegate dichiarano una titolarit脿 beneficiaria di 9,435,763 azioni, pari al 10.4% delle azioni di Classe A in circolazione. MPC III riporta 8,492,188 azioni (9.4%) e MPC III-A 943,575 azioni (1.0%).
Tutti i poteri di voto e dispositivi segnalati sono indicati come condivisi (non 猫 riportato alcun potere di voto o dispositvo esclusivo). Il deposito chiarisce che queste percentuali sono calcolate su una base di 90,626,150 azioni ordinarie Classe A in circolazione come comunicato alle persone che presentano il rapporto. I soggetti che presentano il rapporto declinano espressamente lo status di "group". Le voci relative all'appartenenza a un gruppo, ad alcune partecipazioni detenute da terzi e altre divulgazioni standard del Schedule 13G sono indicate come non applicabili o rimandate al Schedule 13G originale.
So-Young International Inc. enmienda su Schedule 13G e reporta que varias entidades relacionadas de Matrix Partners y una persona f铆sica, David Su, poseen participaciones materiales y en copropiedad en las acciones ordinarias Clase A de la compa帽铆a. MPC Management III y entidades relacionadas declaran una propiedad beneficiaria de 9,435,763 acciones, que representan el 10.4% de las acciones Clase A en circulaci贸n. MPC III informa 8,492,188 acciones (9.4%) y MPC III-A 943,575 acciones (1.0%).
Todos los poderes de voto y dispositivos informados aparecen como compartidos (no se reporta ning煤n poder de voto o dispositivo exclusivo). La presentaci贸n indica que estos porcentajes se calculan sobre una base de 90,626,150 acciones ordinarias Clase A en circulaci贸n seg煤n lo divulgado a las personas informantes. Las Personas Informantes niegan expresamente el estatus de "group". Los apartados que describen pertenencia a grupo, ciertas participaciones de terceros y otras divulgaciones est谩ndar del Schedule 13G se marcan como no aplicables o se remiten al Schedule 13G original.
So-Young International Inc.鞚� Schedule 13G 靾橃爼 氤搓碃靹滌棎 霐半ゴ氅� 鞐煬 甏�霠� Matrix Partners 瓿勳棿靷檧 臧滌澑 David Su臧� 須岇偓鞚� 韥措灅鞀� A 氤错喌欤检棎 雽�頃� 欷戩殧頃� 瓿惦彊 靻岇湢 歆�攵勳潉 氤挫湢頃橁碃 鞛堨姷雼堧嫟. MPC Management III 氚� 甏�霠� 氩曥澑霌れ潃 靾橃澋鞝� 靻岇湢甓岇溂搿� 9,435,763欤�毳� 氤搓碃頄堨溂氅�, 鞚措姅 氚滍枆霅� 韥措灅鞀� A 欤检嫕鞚� 10.4%鞐� 頃措嫻頃╇媹雼�. MPC III電� 8,492,188欤�(9.4%), MPC III-A電� 943,575欤�(1.0%)毳� 氤搓碃頄堨姷雼堧嫟.
氤搓碃霅� 氇摖 鞚橁舶甓� 氚� 觳橂秳甓岇潃 瓿惦彊鞙茧 旮办灛霅橃柎 鞛堨溂氅�(雼弲 鞚橁舶甓� 霕愲姅 觳橂秳甓岇潃 氤搓碃霅橃 鞎婌潓), 頃措嫻 牍勳湪霌れ潃 氤搓碃鞚鸽摛鞐愱矊 瓿店皽霅� 90,626,150欤�鞚� 韥措灅鞀� A 氤错喌欤茧ゼ 旮办鞙茧 靷办爼霅橃棃雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 氤搓碃鞚胳潃 氇呾嫓鞝侅溂搿� 鞛愳嫚霌れ潉 "group"鞙茧 氤挫 鞎婋姅雼り碃 攵�鞚疙暕雼堧嫟. 攴鸽９ 甑劚, 韮�鞚胳潣 鞚茧秬 靻岇湢 氚� 旮绊儉 響滌 Schedule 13G 瓿奠嫓電� 頃措嫻 靷暛 鞐嗢潓鞙茧 響滌嫓霅橁卑雮� 鞗愲掣 Schedule 13G毳� 彀胳“頃橂弰搿� 觳橂Μ霅橃柎 鞛堨姷雼堧嫟.
So-Young International Inc. indique dans un amendement au Schedule 13G que plusieurs entit茅s affili茅es de Matrix Partners ainsi qu'une personne physique, David Su, d茅tiennent des participations substantielles et en propri茅t茅 partag茅e dans les actions ordinaires de classe A de la soci茅t茅. MPC Management III et les entit茅s li茅es d茅clarent une propri茅t茅 b茅n茅ficiaire de 9,435,763 actions, repr茅sentant 10.4% des actions de classe A en circulation. MPC III d茅clare 8,492,188 actions (9.4%) et MPC III-A 943,575 actions (1.0%).
Tous les pouvoirs de vote et de disposition d茅clar茅s sont indiqu茅s comme 辫补谤迟补驳茅蝉 (aucun pouvoir de vote ou de disposition exclusif n'est signal茅). Le d茅p么t pr茅cise que ces pourcentages sont calcul茅s sur la base de 90,626,150 actions ordinaires de classe A en circulation telles que communiqu茅es aux personnes d茅clarante. Les personnes d茅clarante d茅mentent express茅ment le statut de "group". Les rubriques d茅crivant l'appartenance 脿 un groupe, certaines d茅tentions par des tiers et autres divulgations standard du Schedule 13G sont indiqu茅es comme non applicables ou renvoient au Schedule 13G original.
So-Young International Inc. meldet in einer 脛nderung zum Schedule 13G, dass mehrere verbundene Matrix Partners-Einheiten sowie eine Privatperson, David Su, wesentliche Gemeinschaftsanteile an den Stammaktien der Klasse A des Unternehmens halten. MPC Management III und verbundene Einheiten geben eine wirtschaftliche Eigent眉merschaft von 9,435,763 Aktien an, was 10.4% der ausstehenden Klasse-A-Aktien entspricht. MPC III meldet 8,492,188 Aktien (9.4%) und MPC III-A 943,575 Aktien (1.0%).
Alle gemeldeten Stimm- und Verf眉gungsrechte sind als gemeinsam angegeben (keine alleinigen Stimm- oder Verf眉gungsrechte gemeldet). In der Einreichung wird angegeben, dass diese Prozents盲tze auf einer Basis von 90,626,150 ausstehenden Klasse-A-Stammaktien berechnet wurden, wie den meldenden Personen offengelegt. Die meldenden Personen lehnen ausdr眉cklich den Status als "group" ab. Punkte zur Gruppenmitgliedschaft, zu bestimmten Beteiligungen durch Dritte und andere standardm盲脽ige Schedule-13G-Offenlegungen sind als nicht anwendbar gekennzeichnet oder verweisen auf das urspr眉ngliche Schedule 13G.
FAQ
How many Class A shares does MPC Management III beneficially own in So-Young (SY)?
What stake does MPC III report in So-Young (SY)?
Does the filing indicate whether these holders act as a group for So-Young (SY)?
On what share total are the ownership percentages based for So-Young (SY)?
Do any Reporting Persons report sole voting or dispositive power over the shares in So-Young (SY)?
