Yatsen Results Presentation Deck

Our Strategic Transformation on Track Higher Revenues Contribution From Skincare Brands¹ Total Net Revenues from Skincare Brands² (%) 33.4% 2Q2022 37.9% 2Q2023 Improved Gross Margin Gross Margin (%) 62.9% 2Q2022 74.7% 2Q2023 Lower S&M Expenses %1 Selling & Marketing Expenses (%) 65.7% 2Q2022 63.2% 2Q2023 Notes: 1 As a percentage of total net revenues 2 Include net revenues from DR.WU (its mainland China business), Galénic, Eve Lom, Abby's Choice and other skincare brands of the Company. Narrowed Net Loss Net Loss (RMB MM) -264 YSG1 2Q2022 -108 2Q2023 6

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