Yatsen Holding(YSG) - 2022 Q4 - Annual Report

Shareholder Structure - As of February 28, 2023, the aggregate voting power of major shareholders, including Entities Affiliated with Jinfeng Huang, Hillhouse Entities, ZhenFund Entities, and Banyan Partners Entities, was 91.4%[4] - Entities Affiliated with Jinfeng Huang owned 5,736,314 Class A ordinary shares and 666,572,880 Class B ordinary shares, representing 24.9% of total outstanding ordinary shares and 86.8% of aggregate voting power[5] - Hillhouse Entities held 300,560,602 Class A ordinary shares, accounting for 11.1% of total outstanding ordinary shares and 2.0% of aggregate voting power[6] - ZhenFund Entities owned 224,286,241 Class A ordinary shares, representing 8.3% of total outstanding ordinary shares and 1.5% of aggregate voting power[7] - Banyan Partners Entities held 185,495,825 Class A ordinary shares, representing 6.9% of total outstanding ordinary shares and 1.2% of aggregate voting power[8] Governmental Control - The Company is not owned or controlled by any governmental entity in China[9] - There is no known governmental entity in China that can direct the management and policies of the Company[9] Financial Reporting - The Company filed its annual report on Form 20-F for the year ended December 31, 2021, with an audit report issued by PricewaterhouseCoopers Zhong Tian LLP[3] - The PCAOB was unable to inspect or investigate registered public accounting firms in mainland China until December 2022[3] - The Company submitted supplemental information as required under Item 16I(a) of Form 20-F in relation to the Holding Foreign Companies Accountable Act[2]