Yatsen announces new $30M share repurchase program

The company’s board of directors approved a new share repurchase program, under which the company may repurchase up to $30M worth of its ordinary shares over the following 24 months commencing on May 16. The company’s board of directors will review the 2025 share repurchase program periodically, and may authorize adjustments to its terms and size. The company expects to fund the repurchases with its existing cash balance.