Yatsen Results Presentation Deck

Modest Recovery Post-COVID China Consumer Goods Retail Sales China Beauty Products² Retail Sales 3.3% 1.8% 1Q2022 -4.6% Year-over-Year Changes¹ -6.7% 2Q2022 3.5% -3.2% 3Q2022 0.5% -3.1% 4Q2022 5.7% 5.9% 1Q2023 10.7% 11.5% 2Q2023 Notes: 1 Based on the adjusted data published by China National Bureau of Statistics ("CNBS"). 2 Beauty products include color cosmetics and skincare products. 4.2% 2.6% 3Q2023 YSG 逸仙 Retail sales of both China consumer goods and beauty products increased year-over-year... ...while remaining in the mild recovery phase following the lifting of pandemic restrictions 5

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