GUANGZHOU, China, Sept. 29,
2022 /PRNewswire/ -- MINISO Group Holding Limited
(NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the
"Company"), a global value retailer offering a variety of
design-led lifestyle products, today announced that Mr.
Guofu Ye, chairman of the board of
directors, chief executive officer and the controlling shareholder
of the Company, has informed the Company of his intention to use
his personal funds to purchase up to an aggregate of
US$5 million worth of the Company's ordinary shares and/or
American depositary shares ("ADS"), representing approximately 0.3%
of the total issued share capital of the Company based on the ADS
closing price as of September 28,
2022, within the next twelve months, pursuant and subject
to, and consistent with, applicable laws, the relevant stock
exchange rules and the Company's securities trading policies.
As at the date of this press release, Mr. Ye is interested in
approximately 61.6% of the total issued shares of the Company
through entities controlled by him and/or his spouse, namely, Mini
Investment Limited, YGF MC Limited and YYY MC Limited.
Mr. Ye makes his independent decision on the share purchase plan
and its terms. The proposed share purchases may be made from time
to time in the open market at prevailing market prices, in
privately negotiated transactions, in block trades and/or through
other legally permissible means, depending on market conditions and
in accordance with applicable rules, regulations and internal
policies. This share purchase plan demonstrates Mr. Ye's confidence
in the value and long-term growth of the Company.
Shareholders and potential investors should note that the
proposed share purchase may or may not proceed. Shareholders and
potential investors are advised to exercise caution when dealing in
the securities of the Company.
About MINISO Group
MINISO Group is a global value retailer offering a variety of
design-led lifestyle products. The Company serves consumers
primarily through its large network of MINISO stores, and promotes
a relaxing, treasure-hunting and engaging shopping experience full
of delightful surprises that appeals to all demographics.
Aesthetically pleasing design, quality and affordability are at the
core of every product in MINISO's wide product portfolio, and the
Company continually and frequently rolls out products with these
qualities. Since the opening of its first store in China in 2013, the Company has built its
flagship brand "MINISO" as a globally recognized retail brand and
established a massive store network worldwide. For more
information, please visit https://ir.miniso.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "potential,"
"continue" or other similar expressions. MINISO may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the "SEC"), in
announcements, circulars or other publications made on the website
of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock
Exchange"), in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about MINISO's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: MINISO's
mission, goals and strategies; future business development,
financial conditions and results of operations; the expected growth
of the retail market and the market of branded variety retail of
lifestyle products in China and
globally; expectations regarding demand for and market acceptance
of MINISO's products; expectations regarding MINISO's relationships
with consumers, suppliers, MINISO Retail Partners, local
distributors, and other business partners; competition in the
industry; proposed use of proceeds; and relevant government
policies and regulations relating to MINISO's business and the
industry. Further information regarding these and other risks is
included in MINISO's filings with the SEC and the Hong Kong Stock
Exchange. All information provided in this press release and in the
attachments is as of the date of this press release, and MINISO
undertakes no obligation to update any forward-looking statement,
except as required under applicable law.
Investor Relations Contact:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext. 8039
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SOURCE MINISO Group Holding Limited