Miniso CEO Guofu Ye unwinds collar transaction

Miniso (MNSO) announced that it has been informed by Guofu Ye, the chairman of the board of directors, the chief executive officer and the controlling shareholder of the company, of the full unwinding of his personal collar transaction with a financial institution. Under the terms of the unwinding, the dealer has returned all 14M ordinary shares of the company that were previously transferred to it as credit support in connection with a prepaid forward contract for this collar transaction. This contract was entered into in 2023 between the dealer and Mini Investments SP1, a BVI entity controlled by Ye. As part of the contract, Mini Investments transferred 14M shares to the dealer in return for a prepayment from the dealer, while agreeing to settle the contract at expiration with either a cash payment or delivery of the shares. With the unwinding of the transaction, the company understands that Mini Investments has received back all 14M shares.