Yatsen Holding Limited provided impairment charges for the fourth quarter of 2023. For the period, the company impairment of goodwill was RMB 354.0 million (USD 49.9 million), as compared with nil in the prior year period. Impairment recorded in this quarter represents the amount by which the carrying value of the Eve Lom reporting unit exceeded its fair value, based on quantitative goodwill impairment test, primarily due to weaker operating resultsthan expected at the time of acquisition.