NEW YORK, Oct. 04, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against Yatsen Holding Limited (“Yatsen” or the “Company”) (NYSE: YSG) and certain of its officers on behalf of all persons and entities who have purchased or otherwise acquired Yatsen’s American Depositary Receipts (“ADRs”) (i) pursuant to and/or traceable to the Company’s IPO conducted on or about November 19 2020 (the “IPO”); and/or (ii) between November 19, 2020 and March 10, 2022, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/ysg.

This class action seeks damages against the defendants for alleged violations of federal securities laws.

The lawsuit alleges that during the class period, the defendants misled investors into believing that Yatsen’s two largest and most historically significant brands, Perfect Diary and Little Ondine, were thriving, causing Yatsen’s “healthy” sales growth at the time of the IPO and IPO was pushed quarter after quarter thereafter. However, the truth is that cosmetics and skincare sales of Perfect Diary and Little Ondine products declined in the period leading up to (and including) the IPO and continued to decline throughout 2021.

A class action lawsuit has already been filed. If you would like to see a copy of the complaint, you can visit the firm’s website: www.bgandg.com/ysg or contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Yatsen, you have until November 22, 2022 to apply for the court to appoint you as lead plaintiff. Your ability to participate in a recovery does not require you to serve as lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is representing investors in class action lawsuits alleging securities fraud and…