MINISO Group Holding Ltd. (HK:9896) has released an update.
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MINISO Group Holding Ltd. has renewed its procurement agreement with Wow Colour Beauty for cosmetics and beauty products, aiming to enhance its product offerings and achieve cost efficiency. The agreement extends until December 2026, reflecting the company’s strategy to leverage existing supplier relationships while also engaging other independent suppliers. MINISO anticipates significant growth in procurement volume, with annual caps set at RMB 20 million for 2024 and RMB 50 million for 2025 and 2026.
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