MINISO Group Announces Management and Board Changes

GUANGZHOU, China, Jan. 29, 2023 /PRNewswire/ — MINISO Group Holding Minimal (NYSE: MNSO HKEx: 9896) (“MINISO,” “MINISO Group” or the “Corporation”), a worldwide worth retailer offering a wide variety of layout-led way of living solutions, currently announced that Mr. Steven Saiyin Zhang has resigned from his positions as the chief money officer, government vice president and an executive director of the Corporation, productive on January 31, 2023, for individual cause and in buy to spend additional time with his loved ones. Mr. Steven Zhang will go on to serve as a senior expert to the Enterprise.

Pursuing Mr. Steven Zhang’s resignation, the board of administrators of the Business (the “Board”) will be comprised of 5 users, together with three unbiased non-executive administrators and two executive administrators. In addition, the Board has appointed Mr. Eason Jingjing Zhang, now the Firm’s vice president of capital markets, as the new chief economic officer of the Business, effective on January 31, 2023.

Mr. Guofu Ye, founder, chairman of the Board and chief executive officer of the Company, commented, “On behalf of our Board and the management staff, I would like to thank Steven for his exemplary company and major contributions to the Firm’s business, economic management, cash marketplaces transactions and company governance through the past 5 several years given that he joined the Corporation. His audio judgment and leadership have been instrumental in our company’s growth, earning respect and commendation all over the Business.”

“Steven has designed a in depth succession approach to transition his obligations to Eason, who has played a key position in driving MINISO’s good results in a variety of funds current market transactions and many inner finance administration projects, demonstrating a clear comprehension of our enterprise and establishing self-assurance in MINISO among the the trader neighborhood. We glance forward to functioning with him in his new capacities and alongside one another getting the Business to new heights.”

Mr. Eason Zhang has served as the Firm’s vice president of cash markets given that September 2022, in demand of the Company’s capital markets issues, together with investor relations, strategic investment decision and acquisitions, as properly as corporate system and treasury. Mr. Eason Zhang joined the Business in January 2021 as director of capital markets. Because then, he has played a critical purpose in driving the Firm’s accomplishment in various funds industry transactions and quite a few inner finance administration assignments. Mr. Eason Zhang has 12 many years of working experience in capital markets. He started off his job in auditing at PricewaterhouseCoopers, following which he served in many roles mostly in funds marketplaces in the U.S., Hong Kong and China A share markets. Mr. Eason Zhang, a Chartered Money Analyst and a non-practising member of the Chinese Institute of Qualified General public Accountants, gained his twin bachelor levels in Globe Record and Organization Administration from Nankai College and is at present an FMBA applicant of the executive plan at China Europe Global Organization School.

Mr. Steven Zhang has verified that he has no dispute or disagreement with the Board or the Firm and that there is no make any difference in regard of his resignation that requires to be introduced to the awareness of the shareholders of the Corporation.

About MINISO Team

MINISO Team is a world-wide benefit retailer giving a range of style and design-led lifestyle items. The Corporation serves people primarily by means of its big community of MINISO suppliers, and encourages a comforting, treasure-looking and participating procuring encounter comprehensive of delightful surprises that appeals to all demographics. Aesthetically satisfying structure, good quality and affordability are at the main of each and every products in MINISO’s wide product portfolio, and the Business continually and frequently rolls out solutions with these attributes. Since the opening of its initial shop in China in 2013, the Corporation has crafted its flagship model “MINISO” as a globally acknowledged retail manufacturer and recognized a massive shop network throughout the world. For additional data, you should check out https://ir.miniso.com/.

Safe Harbor Statement

This announcement has ahead-looking statements. These statements are produced less than the “safe and sound harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These ahead-looking statements can be identified by phrases or phrases this kind of as “may perhaps,” “will,” “count on,” “foresee,” “intention,” “estimate,” “intend,” “strategy,” “think,” “is/are likely to,” “possible,” “continue on” or other very similar expressions. MINISO might also make published or oral ahead-on the lookout statements in its periodic reviews to the U.S. Securities and Trade Commission (the “SEC”), in announcements, circulars or other publications created on the site of The Stock Trade of Hong Kong Restricted (the “Hong Kong Inventory Trade”), in its once-a-year report to shareholders, in press releases and other prepared products and in oral statements built by its officers, directors or workers to 3rd events. Statements that are not historic details, like statements about MINISO’s beliefs and expectations, are ahead-seeking statements. Forward-wanting statements require inherent hazards and uncertainties. A amount of aspects could cause precise results to differ materially from those people contained in any forward-looking statement, which include but not confined to the adhering to: MINISO’s mission, aims and tactics foreseeable future enterprise improvement, economical conditions and success of functions the predicted development of the retail industry and the market place of branded selection retail of way of living items in China and globally anticipations regarding desire for and current market acceptance of MINISO’s merchandise anticipations pertaining to MINISO’s interactions with shoppers, suppliers, MINISO Retail Associates, regional distributors, and other organization associates levels of competition in the industry proposed use of proceeds and applicable federal government insurance policies and rules relating to MINISO’s company and the field. Even further info about these and other hazards is incorporated in MINISO’s filings with the SEC and the Hong Kong Inventory Exchange. All data delivered in this push launch and in the attachments is as of the day of this push release, and MINISO undertakes no obligation to update any ahead-hunting assertion, other than as essential under applicable regulation.

Investor Relations Call:

Raine Hu
MINISO Group Holding Limited
E-mail: [email protected]
Telephone: +86 (20) 36228788 Ext.8039

Eric Yuan
Christensen Advisory
E mail: [email protected]
Mobile phone: +86 1380 111 0739

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