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

Highlight

 

 

  • - Yatsen continuously optimizes our risk management and internal control review mechanisms, strengthening legal and compliance governance capabilities to ensure effective risk identification and control, thereby safeguarding stale an sustainable business operations.

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  • - In 2024, we conducted self-assessments on internal control, covering 16 core business procedures, with 541 control items identified.

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  • - Yatsen regularly discloses financial performance, business results, and strategic plans according to applicable laws and regulations, ensuring investors can access timely updates on core company developments. In 2024, we held 4 quarterly results meetings and participated in approximately 70 analyst or investor communication meetings.

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  • - In 2024, we conducted training on business ethics in the form of special training, orientation training, releasing integrity announcements, and signing the letter of commitment, with 100% employee coverage.

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  • - In 2024, no violations of the Code of Conduct were identified, including corruption or bribery, discrimination or harassment, customer data breaches, money laundering, or insider trading, no litigation cases involving embezzlement, bribery, extortion, fraud, insider trading, or money laundering occurred.

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  • -As of the end of the Reporting Period, we had held 2,111 registered trademarks in China, 2,223 registered trademarks overseas, and 182 registered copyrights.

 

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Rules and Regulations