Yatsen Holding Limited provided revenue guidance for the second quarter of 2022. For the second quarter of 2022, the Company expects its total net revenues to be between RMB 808.3 million and RMB 960.8 million, representing a year-over-year decline of approximately 37% to 47%, primarily due to continued industry-wide softening of color cosmetics demand, and the continued negative impact of COVID-19 on offline experience stores, online order fulfillment capabilities and supply chain.