GUANGZHOU, China, Dec. 29, 2020 /PRNewswire/ -- Yatsen Holding
Limited ("Yatsen" or the "Company") (NYSE: YSG), a leader in the
rapidly evolving China beauty
market, announced that it has entered into a strategic
collaboration with Sensient Technologies Corporation and Sensient
Technologies Corporation (China)
Limited ("Sensient") to jointly establish Innovative Color
Laboratories with operations in Shanghai, Guangzhou, and Singapore.
Through this collaboration, Sensient will channel its global
laboratory experience to create new formulated solutions that match
cosmetic trends in China and
worldwide. Yatsen will contribute its vast experience in cosmetics
and skincare to deliver innovative beauty products.
Sensient's experience in developing safe and innovative
ingredients will undoubtedly be an advantage for Yatsen's rapidly
expanding brands, as use of proper raw materials is critical for
the quality of cosmetic products.
These Innovative Color Laboratories will focus on research and
development of innovative colors and new materials for cosmetics,
as well as the use of quality control for raw materials and the use
of advanced technologies to solve recurring technical challenges in
the cosmetics industry.
Sensient Technologies, with a 120-year history, is one of the
world's largest food, cosmetics and colorants suppliers, and a
leader in cosmetic product safety. Through its four innovation
laboratories and six raw material-supporting factories around the
world, it provides quality ingredients and colorants to the largest
cosmetics manufactures worldwide.
About Yatsen Holding Limited
Yatsen Holding Limited (NYSE: YSG) is a leader in the rapidly
evolving China beauty market with
the mission of creating an exciting new journey of beauty discovery
for consumers in China and around
the world. The Company has launched three fast-growing, successful
color cosmetics and skincare brands: Perfect Diary,
Little Ondine and Abby's Choice, and has recently
acquired Galénic, an iconic premium skincare brand.
Leveraging its digitally native direct-to-customer business model,
the Company has built a platform with core capabilities that
disrupt every part of the traditional beauty industry value chain
and deliver greater value to its customers. The Company reaches and
engages with customers directly both online and offline, with
expansive presence across all major e-commerce, social and content
platforms in China. For more
information, please visit http://ir.yatsenglobal.com/.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: yatsen@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com
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SOURCE Yatsen Holding Limited