Yatsen announces receipt of nyse non-compliance letter regarding ads trading price

Guangzhou, china , nov. 6, 2023 /prnewswire/ -- yatsen holding limited ("yatsen" or the "company") (nyse: ysg), a leading china-based beauty group, today announced that, it has received a letter from the new york stock exchange (the "nyse") dated november 2, 2023, notifying yatsen that it is below compliance criteria in connection with the performance of trading price of yatsen's american depositary shares (the "adss"). pursuant to nyse rule 802.01c, a company will be considered to be below compliance criteria if the average closing price of a security as reported on the consolidated tape is less than us$1.00 over a consecutive 30 trading-day period.
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