Miniso Chairman and CEO proposes to increase shareholding

Miniso (MNSO) has been informed by Chairman of the board of directors and CEO Guofu Ye that he intends to increase his shareholding in the company within 12 months by purchasing shares of the company including ADSs and/or ordinary shares listed on the Hong Kong Stock Exchange in the open market or through private transactions, directly or through entities controlled by him, using his own funds, for an aggregate amount of not less than approximately $6.4M. Given that the company has not yet announced its financial results for Q1, Ye is subject to trading blackout restrictions under the company’s insider trading policy and the restrictions on securities transactions by directors. Accordingly, Ye will commence execution of the share increase plan during the first permissible open trading window following the expiration of the applicable blackout period after the announcement of the company’s Q1 financial results while not in possession of any material non-public information. As of this date, Ye beneficially owns an aggregate of 789,541,061 ordinary shares of the company, representing approximately 63.7% of the issued shares of the company.