MINISO Group Announces Management and Board Changes

GUANGZHOU, China, Jan. 29, 2023 /PRNewswire/ — MINISO Team Keeping Minimal (NYSE: MNSO HKEx: 9896) (“MINISO,” “MINISO Team” or the “Corporation”), a world wide value retailer supplying a selection of design-led way of life products and solutions, currently declared that Mr. Steven Saiyin Zhang has resigned from his positions as the main economic officer, executive vice president and an govt director of the Organization, productive on January 31, 2023, for personalized cause and in buy to shell out additional time with his family. Mr. Steven Zhang will proceed to provide as a senior specialist to the Company.

Adhering to Mr. Steven Zhang’s resignation, the board of directors of the Firm (the “Board”) will be comprised of 5 customers, including 3 impartial non-government administrators and two government administrators. In addition, the Board has appointed Mr. Eason Jingjing Zhang, currently the Company’s vice president of cash marketplaces, as the new chief fiscal officer of the Company, helpful on January 31, 2023.

Mr. Guofu Ye, founder, chairman of the Board and main govt officer of the Firm, commented, “On behalf of our Board and the administration team, I would like to thank Steven for his exemplary provider and important contributions to the Company’s organization, financial management, cash markets transactions and company governance during the past 5 years given that he joined the Corporation. His audio judgment and leadership have been instrumental in our firm’s growth, earning regard and commendation through the Enterprise.”

“Steven has built a comprehensive succession approach to transition his tasks to Eason, who has performed a vital function in driving MINISO’s accomplishment in many capital market transactions and quite a few inner finance administration projects, demonstrating a clear knowing of our business enterprise and establishing self confidence in MINISO amongst the investor local community. We glance forward to operating with him in his new capacities and alongside one another having the Company to new heights.”

Mr. Eason Zhang has served as the Company’s vice president of funds markets because September 2022, in cost of the Company’s money marketplaces matters, which includes trader relations, strategic investment decision and acquisitions, as perfectly as corporate approach and treasury. Mr. Eason Zhang joined the Organization in January 2021 as director of cash marketplaces. Since then, he has played a critical part in driving the Firm’s achievements in various cash industry transactions and a number of inside finance administration jobs. Mr. Eason Zhang has 12 years of expertise in cash marketplaces. He began his career in auditing at PricewaterhouseCoopers, following which he served in different roles mostly in funds markets in the U.S., Hong Kong and China A share markets. Mr. Eason Zhang, a Chartered Economic Analyst and a non-working towards member of the Chinese Institute of Accredited Community Accountants, acquired his dual bachelor levels in Planet Heritage and Small business Administration from Nankai College and is presently an FMBA applicant of the government plan at China Europe Global Organization School.

Mr. Steven Zhang has verified that he has no dispute or disagreement with the Board or the Company and that there is no make any difference in regard of his resignation that demands to be brought to the notice of the shareholders of the Enterprise.

About MINISO Group

MINISO Team is a international value retailer supplying a assortment of design-led way of living products. The Corporation serves individuals largely through its substantial network of MINISO stores, and promotes a comforting, treasure-looking and engaging shopping experience whole of pleasant surprises that appeals to all demographics. Aesthetically satisfying structure, top quality and affordability are at the core of each item in MINISO’s vast products portfolio, and the Organization continually and routinely rolls out merchandise with these characteristics. Since the opening of its to start with retail outlet in China in 2013, the Organization has crafted its flagship model “MINISO” as a globally recognized retail brand name and set up a significant retailer community throughout the world. For additional details, remember to go to https://ir.miniso.com/.

Protected Harbor Assertion

This announcement consists of ahead-wanting statements. These statements are made underneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-on the lookout statements can be discovered by words or phrases these types of as “may,” “will,” “hope,” “foresee,” “purpose,” “estimate,” “intend,” “approach,” “feel,” “is/are probably to,” “prospective,” “continue” or other related expressions. MINISO may possibly also make created or oral ahead-searching statements in its periodic studies to the U.S. Securities and Trade Commission (the “SEC”), in announcements, circulars or other publications designed on the web-site of The Inventory Trade of Hong Kong Constrained (the “Hong Kong Stock Trade”), in its annual report to shareholders, in press releases and other prepared resources and in oral statements made by its officers, administrators or workforce to 3rd get-togethers. Statements that are not historical details, which include statements about MINISO’s beliefs and expectations, are ahead-searching statements. Forward-wanting statements entail inherent hazards and uncertainties. A selection of aspects could result in genuine results to vary materially from these contained in any ahead-wanting statement, together with but not confined to the pursuing: MINISO’s mission, aims and strategies upcoming small business development, monetary conditions and benefits of operations the predicted advancement of the retail sector and the sector of branded wide variety retail of lifestyle items in China and globally expectations concerning demand for and market acceptance of MINISO’s products expectations concerning MINISO’s interactions with people, suppliers, MINISO Retail Companions, area distributors, and other business enterprise companions level of competition in the marketplace proposed use of proceeds and pertinent federal government policies and laws relating to MINISO’s organization and the business. Further more facts about these and other threats is included in MINISO’s filings with the SEC and the Hong Kong Stock Exchange. All details presented in this push launch and in the attachments is as of the date of this push release, and MINISO undertakes no obligation to update any forward-looking statement, apart from as demanded under applicable law.

Trader Relations Call:

Raine Hu
MINISO Group Keeping Confined
Electronic mail: [email protected]
Mobile phone: +86 (20) 36228788 Ext.8039

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

Resource MINISO Group Keeping Limited