Yatsen Results Presentation Deck

Modest Post-COVID Recovery Year-over-Year Changes¹ China Consumer Goods Retail Sales China Beauty Products² Retail Sales 3.3% 1.8% -4.6% 3.5% 0.5% 5.7% 5.9% -3.2% -3.1% 11.5% 10.7% -6.7% 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 202023 Quarter-over-Quarter Changes¹ -10.4% 8.0% -4.3% -6.4% 10.9% -9.5% 36.4% Notes: 1 Based on the adjusted data published by China National Bureau of Statistics ("CNBS") 2 Beauty products include color cosmetics and skincare products. -5.7% 0.8% -2.0% -10.3% -18.0% 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 YSG 逸仙 Retail sales of both China consumer goods and beauty products increased year-over-year... ...while quarter-over-quarter changes indicated a mild recovery pattern 5

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