Yatsen Publishes 2023 Environmental, Social and Governance (ESG) Report, Retains MSCI ESG Rating of A

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Yatsen Holding , a leading Chinese beauty group, has published its 2023 Environmental, Social and Governance (ESG) Report. The company retained its MSCI ESG Rating of A for the second consecutive year, outperforming industry averages in key areas such as product packaging, waste management, product carbon footprint, and chemical safety.

Highlights of Yatsen's ESG achievements include:

• Highest-rated company in the Chinese beauty industry by MSCI
• R&D investment reached 3.3% of total net revenues
• Established a cutting-edge beauty factory and three independent R&D centers
• Introduced numerous technological innovations as part of 'Yatsen's Road of Science and Technology'

CEO Jinfeng Huang emphasized the company's commitment to green practices, R&D, and innovation while prioritizing business growth and commercial integrity for a sustainable future.

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GUANGZHOU, China, Sept. 6, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company"), a leading China-based beauty group, today announced the publication of its 2023 Environmental, Social and Governance Report ("ESG") report for the third consecutive year. The report underscores Yatsen's approach and achievements in implementing ESG initiatives across various dimensions in 2023, while providing insights into future goals.

Yatsen retained its MSCI ESG Rating of A in 2023, once again earning notable recognition from MSCI, a leading provider of critical decision support tools and services for the global investment community. Among other significant achievements, Yatsen outperformed industry averages in key areas, including product packaging and waste management, product carbon footprint, and chemical safety, demonstrating excellence in green and low-carbon initiatives.

Mr. Jinfeng Huang, Founder, Chairman and Chief Executive Officer of Yatsen, stated: "We are very proud to be the highest-rated company in the Chinese beauty industry by MSCI and the only beauty company in China to achieve an MSCI A Rating for two consecutive years. Along with our strong commitment to green and low-carbon practices, we have continued to strengthen our R&D and innovation capabilities. In 2023, our R&D investment reached 3.3% of total net revenues, positioning us among the global leaders in R&D spending. Furthermore, we established a cutting-edge beauty factory and three independent R&D centers, and introduced numerous technological innovations and applications as part of our vigorous pursuit of 'Yatsen's Road of Science and Technology,' which has garnered wide market recognition. Looking ahead, we will continue to prioritize our business while maintaining commercial integrity to foster a sustainable future."

To view the report in full, please visit the ESG section on the Yatsen Investor Relations website. Click here for the English version and here for the Chinese version of the 2023 report.

About Yatsen Holding Limited

Yatsen Holding Limited (NYSE: YSG) is a leading China-based beauty group with the mission of creating an exciting new journey of beauty discovery for consumers around the world. Founded in 2016, the Company has launched and acquired numerous color cosmetics and skincare brands including Perfect Diary, Little Ondine, Pink Bear, Galénic, DR.WU (its mainland China business), Eve Lom and EANTiM. The Company's flagship brand, Perfect Diary, is one of the leading color cosmetics brands in China in terms of retail sales value. The Company primarily reaches and engages with customers directly both online and offline, with expansive presence across all major e-commerce, social and content platforms in China.

For more information, please visit http://ir.yatsenglobal.com.

For investor and media inquiries, please contact:

In China:

Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: yatsen@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com

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SOURCE Yatsen Holding Limited

FAQ

What MSCI ESG Rating did Yatsen Holding (YSG) receive in 2023?

Yatsen Holding (YSG) retained its MSCI ESG Rating of A in 2023, marking the second consecutive year the company achieved this rating.

How much did Yatsen Holding (YSG) invest in R&D in 2023?

In 2023, Yatsen Holding (YSG) invested 3.3% of its total net revenues in R&D, positioning the company among global leaders in R&D spending in the beauty industry.

What key areas did Yatsen Holding (YSG) outperform industry averages in 2023?

Yatsen Holding (YSG) outperformed industry averages in product packaging and waste management, product carbon footprint, and chemical safety in 2023.

What new facilities did Yatsen Holding (YSG) establish in 2023?

In 2023, Yatsen Holding (YSG) established a cutting-edge beauty factory and three independent R&D centers as part of its commitment to innovation and technology.