Yatsen Results Presentation Deck

Operating Expenses GAAP Operating Expenses %¹ +3.8 percentage points YoY 99.9% 3.9% 22.7% 65.8% 7.4% 3Q2022 R&D exp G&A exp Notes: ¹ As a percentage of total net revenues. S&M exp 103.6% 3.4% 21.1% 71.3% 7.8% 3Q2023 Fulfillment exp YSG1LL Lower G&A expenses as a percentage of total net revenues primarily attributable to a reduction in compensation corresponding to a decrease in G&A headcount. Higher S&M expenses as a percentage of total net revenues primarily attributable to increased investments in the Perfect Diary brand upgrade and preparations for the Double 11 Shopping Festival. 12

View entire presentation