Yatsen to Announce Second Quarter 2022 Financial Results on August 25, 2022

GUANGZHOU,China,Aug. 18,2022 -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG),a leading Chinesebeauty company,today announced that it will release its unaudited financial results for the secondquarter of 2022 on Thursday,August 25,2022,before the open of the U.S. markets.

The Company's managementwill hold a conference call on Thursday,2022 at7:30 am U.S. Eastern Time(7:30 pm Beijing/Hong Kong Time)to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States (toll free):

+1-888-346-8982

International:

+1-412-902-4272

Mainland China (toll free):

400-120-1203

Hong Kong (toll free):

800-905-945

Hong Kong:

+852-3018-4992

Conference ID:

2224933

A live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.yatsenglobal.com/.

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers,until September 1,2022:

United States:

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

2224933

About Yatsen Holding Limited

Yatsen Holding Limited (NYSE: YSG) is a leading player in China's beauty market with a mission to create an exciting new journey of beauty discovery for consumers in China and around the world. Founded in 2016,the Company has launched and acquired multiple color cosmetics and skincare brands,includingPerfectDiary,Little Ondine,Abby's Choice,Galénic,DR.WU(its mainland China business),Eve LomandPink Bear. The Company's flagship brand,Perfect Diary,is one of the top color cosmetics brands in China in terms of online retail sales value. Leveraging its digitally native direct-to-customer business model,the Company has built core capabilities whichenableit to launch and scale multiple brands quickly while offering a wide selection of products to a growing variety of customers. The Company reaches and engages with customers directly,both online and offline,with expansive presence across all major e-commerce,social and content platforms in China.

For more information,please visithttp://ir.yatsenglobal.com/.

For investor and media inquiries,please contact:

In China:

Yatsen Holding Limited

Investor Relations

E-mail: ir@yatsenglobal.com

The Piacente Group,Inc.

Emilie Wu

Tel: +86-21-6039-8363

E-mail: yatsen@thepiacentegroup.com

In the United States:

The Piacente Group,Inc.

Brandi Piacente

Tel: +1-212-481-2050

E-mail: yatsen@thepiacentegroup.com

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