Certain Class A ordinary shares of Yatsen Holding Limited are subject to a Lock-Up Agreement Ending on 22-NOV-2023. These Class A ordinary shares will be under lockup for 1099 days starting from 18-NOV-2020 to 22-NOV-2023.

Details:
Directors, executive officers and existing shareholders have agreed with the underwriters, subject to certain exceptions, not to sell, transfer or dispose of any ADSs, ordinary shares or similar securities for a period of 180 days after the date of the prospectus. Executive officers and employees who are beneficial owners of ordinary shares or have options to purchase ordinary shares have also covenanted that, during a three-year period from the consummation of the offering, they will not sell, transfer or otherwise dispose of any ordinary shares except for the Class A ordinary shares to be held by Yellow Bee Limited following the completion of the offering.