Yatsen Results Presentation Deck

Operating Expenses -19.0 percentage points 97.8% 2.8% 16.3% 70.7% GAAP Operating Expenses % 8.1% 4Q2021 78.9% 2.5% 16.9% 53.2% 6.2% 4Q2022 R&D exp G&A exp -1.5 percentage points S&M exp 94.6% 2.4% 16.1% 68.6% 7.4% FY2021 93.0% 3.4% 19.4% 62.9% Fulfillment exp Lower S&M expenses % attributable to the closure of underperforming offline stores, reduction in marketing event-related expenses and higher efficiency of online marketing activities Higher G&A expenses % attributable to the deleveraging effect of lower total net revenues in 4Q2022 7.3% FY2022 YSG 逸仙 16

View entire presentation