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

Guangzhou, china , april 12, 2022 /prnewswire/ -- yatsen holding limited ("yatsen" or the "company") (nyse: ysg), a leading chinese beauty company, today announced that, it has received a letter from the new york stock exchange (the "nyse") dated april 11, 2022, 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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