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Filing Details

Accession Number:: 0001564590-22-004964
Form Type:: 13G Filing
Publication Date:: 2022-02-13 19:00:00

Filed By:: Lyu Jianhua
Company:: Yatsen Holding Ltd (NYSE:YSG)
Filing Date:: 2022-02-14
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Icecrystou Holding Limited	92,296,964	0	92,296,964	0	92,296,964	4.5%
Jianhua Lyu	92,296,964	0	92,296,964	0	92,296,964	4.5%

Filing

	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Yatsen Holding Limited

(Name of Issuer)

Class A ordinary shares, US$0.00001 par value per share

(Title of Class of Securities)

985194109**

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐	Rule 13d-1(b)
☐	Rule 13d-1(c)
☒	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

** CUSIP number 985194109 has been assigned to the American depositary shares (“ADSs”) of the issuer, which are quoted on New York Stock Exchange under the symbol “YSG.” Each ADS represents four Class A ordinary shares of the issuer. No CUSIP number has been assigned to ordinary shares of the issuer.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

	1	Name of Reporting Person Icecrystou Holding Limited

	2	Check the Appropriate Box if a Member of a Group
		(a)		☐
		(b)		☐

	3	SEC Use Only

	4	Citizenship or Place of Organization British Virgin Islands

Number of Shares Beneficially Owned by Each Reporting Person With			5		Sole Voting Power 92,296,964 ⁽¹⁾

			6		Shared Voting Power 0

			7		Sole Dispositive Power 92,296,964⁽¹⁾

			8		Shared Dispositive Power 0

	9	Aggregate Amount Beneficially Owned by Each Reporting Person 92,296,964⁽¹⁾

	10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐

	11	Percent of Class Represented by Amount in Row 9 4.5%⁽²⁾

	12	Type of Reporting Person CO

____________

(1)Represents 92,296,964 Class B ordinary shares directly held by Icecrystou Holding Limited, which are convertible into Class A ordinary shares on an one-for-one basis and are deemed to be converted into Class A ordinary shares for purposes of determining the aggregate amount of Class A ordinary shares beneficially owned by the Reporting Person and calculating the corresponding ownership percentage of the Reporting Person.

(2)Calculated based on a total of 1,938,303,919 Class A ordinary shares of the Issuer outstanding as of December 31, 2021 and 92,296,964Class A ordinary shares deemed to have been converted from the same amount of Class B ordinary shares beneficially owned by the Reporting Persons as of December 31, 2021.

	1	Name of Reporting Person Jianhua Lyu

	2	Check the Appropriate Box if a Member of a Group
		(a)		☐
		(b)		☐

	3	SEC Use Only

	4	Citizenship or Place of Organization People’s Republic of China

Number of Shares Beneficially Owned by Each Reporting Person With			5		Sole Voting Power 92,296,964 ⁽¹⁾

			6		Shared Voting Power 0

			7		Sole Dispositive Power 92,296,964 ⁽¹⁾

			8		Shared Dispositive Power 0

	9	Aggregate Amount Beneficially Owned by Each Reporting Person 92,296,964 ⁽¹⁾

	10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐

	11	Percent of Class Represented by Amount in Row 9 4.5%⁽²⁾

	12	Type of Reporting Person IN

____________

Item 1(a).	Name of Issuer: Yatsen Holding Limited (the “Issuer”)
Item 1(b).	Address of Issuer’s Principal Executive Offices: Building 35, No.2519 East Xingang East Road, Haizhu District, Guangzhou 510330, People’s Republic of China
Item 2(a).	Name of Person Filing: (i) Icecrystou Holding Limited; and (ii) Jianhua Lyu (collectively, the “Reporting Persons”)
Item 2(b).	Address of Principal Business Office or, if none, Residence: For Icecrystou Holding Limited c/o Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands For Jianhua Lyu c/o Building 35, No.2519 East Xingang East Road, Haizhu District, Guangzhou 510330, People’s Republic of China
Item 2(c)	Citizenship: Icecrystou Holding Limited – British Virgin Islands Jianhua Lyu – People’s Republic of China
Item 2(d).	Title of Class of Securities: Class A ordinary shares, $0.00001 par value per share, of the Issuer; The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to twenty votes per share. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
Item 2(e).	CUSIP Number: 985194109 This CUSIP number applies to the American depositary shares of the Issuer, each representing four Class A ordinary shares of the Issuer, par value $0.00001 per share. No CUSIP has been assigned to the ordinary shares of the Issuer.

Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:
	Not applicable

Item 4.	Ownership:


Reporting Person	Amount beneficially owned:	Percent of class:	Percent of aggregate voting power:	Sole power to vote or direct the vote:	Shared power to vote or to direct the vote:	Sole power to dispose or to direct the disposition of:	Shared power to dispose or to direct the disposition of:
Icecrystou Holding Limited	92,296,964	4.5%	10.8%	92,296,964	0	92,296,964	0
Jianhua Lyu	92,296,964	4.5%	10.8%	92,296,964	0	92,296,964	0

As of December 31, 2021, Jianhua Lyu beneficially owns 92,296,964 Class B ordinary shares, consisting of 92,296,964 Class B ordinary shares directly held by Icecrystou Holding Limited, a British Virgin Islands company wholly-owned by Mr. Jianhua Lyu.

As of December 31, 2021, the Issuer had a total of 1,938,303,919 Class A ordinary shares and 758,869,844 Class B ordinary shares outstanding.

The percent of class for each Reporting Person is obtained by dividing (i) the total Class A ordinary shares beneficially owned by such Reporting Person as of December 31, 2021, by (ii) the total Class A ordinary shares of the Issuer outstanding as of December 31, 2021. Pursuant to Rule 13d-3(d)(1), all Class B ordinary shares (which are convertible into Class A ordinary shares) held by each Reporting Person are deemed to be converted for the purpose of (i) determining the aggregate amount of Class A ordinary shares beneficially owned by each Reporting Person and (ii) calculating the percentages of the Class A ordinary shares beneficially owned by each Reporting Person.

The percent of aggregate voting power for each Reporting Person is calculated by dividing (i) the total voting power represented by the Class A ordinary shares and Class B ordinary shares beneficially owned by such Reporting Person as of December 31, 2021, by (ii) the voting power represented by the total outstanding share capital of the Issuer as of December 31, 2021. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to twenty votes per share on all matters submitted to them for vote.

Item 5.	Ownership of Five Percent or Less of a Class:
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

Item 6.	Ownership of More than Five Percent on Behalf of Another Person:
	Not applicable

Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Controlling Person:
	Not applicable

Item 8.	Identification and Classification of Members of the Group:
	Not applicable

Item 9.	Notice of Dissolution of Group:
	Not applicable

Item 10.	Certifications:
	Not applicable

LIST OF EXHIBITS


Exhibit No.	Description
99.1	Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to Schedule 13G filed on February 10, 2021 by the Reporting Persons with the Securities and Exchange Commission)

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2022

ICECRYSTOU HOLDING LIMITED

By: /s/ Jianhua Lyu
Name: Jianhua Lyu
Title: Director

JIANHUA LYU

/s/ Jianhua Lyu
Jianhua Lyu