Corporate Governance

Yatsen regards responsible governance as a core value of the Company. With our sound governance structure, we pay special attention to managing enterprise risk, defending our business ethics, improving the level of group governance, as well as promoting the sustainable and healthy development of the Company. While striving to achieve responsible governance, we are focused on the expectations and suggestions of our stakeholders regarding ESG matters, and incorporate sustainable development into our governance philosophy.

Yatsen strictly adheres to the laws and regulations of the place where it operates and the relevant laws and regulations pertaining to listed companies by the U.S. Securities and Exchange Commission and the New York Stock Exchange, and has established a scientific and efficient corporate governance structure with clear distinction and division of responsibilities.

Corporate Governance

Yatsen considers ethics to be the cornerstone of our business. We strictly abide by the relevant provisions of China’s Anti-Monopoly Law and the Fair Competition Law. We are constantly optimizing our anti-corruption management and reporting mechanisms, strengthening our compliance review and integrity education while encouraging our supply chain partners to uphold the highest business ethics standards. During the Reporting Period, the Company was not involved in any cases involving corruption, bribery, extortion, fraud, insider trading and money laundering.

Business Ethics

Yatsen recognizes the importance of intellectual property. We strictly follow the Trademark Law of the People’s Republic of China, the Patent Law of the People’s Republic of China, the Civil Code of the People’s Republic of China and other applicable laws and regulations of the place where we operate, and formulate internal systems such as the Trademark Protection Management Standards and the Patent File System Management Standards, in order to comprehensively strengthen the protection of intellectual property rights and enhance our competitiveness.

Intellectual Property Protection


· In 2021, we held 2 offline trainings on anti-corruption and anti-fraud compliance, with about 200 attendees, including our CEO, CFO, and senior management of various business units

· We provide thematic training, induction training, integrity notices and letters of commitment as part of the employees' business ethics training to 100% of our employees

· We registered a total of 2,936 intellectual property rights at home and abroad


Rules and Regulations