MINISO Group Announces Management and Board Changes

GUANGZHOU, China, Jan. 29, 2023 /PRNewswire/ — MINISO Group Holding Confined (NYSE: MNSO HKEx: 9896) (“MINISO,” “MINISO Team” or the “Business”), a world-wide benefit retailer featuring a range of style-led way of living merchandise, currently announced that Mr. Steven Saiyin Zhang has resigned from his positions as the chief financial officer, executive vice president and an executive director of the Organization, efficient on January 31, 2023, for personalized reason and in get to shell out extra time with his loved ones. Mr. Steven Zhang will proceed to provide as a senior expert to the Corporation.

Subsequent Mr. Steven Zhang’s resignation, the board of directors of the Enterprise (the “Board”) will be comprised of 5 associates, including 3 impartial non-government directors and two government directors. In addition, the Board has appointed Mr. Eason Jingjing Zhang, now the Firm’s vice president of funds marketplaces, as the new chief economical officer of the Organization, helpful on January 31, 2023.

Mr. Guofu Ye, founder, chairman of the Board and main executive officer of the Company, commented, “On behalf of our Board and the administration staff, I would like to thank Steven for his exemplary service and important contributions to the Firm’s enterprise, financial management, money marketplaces transactions and company governance during the earlier 5 several years due to the fact he joined the Corporation. His sound judgment and leadership have been instrumental in our firm’s development, earning regard and commendation during the Company.”

“Steven has developed a thorough succession approach to changeover his obligations to Eason, who has performed a vital part in driving MINISO’s achievements in various cash sector transactions and quite a few interior finance management jobs, demonstrating a very clear understanding of our business and creating confidence in MINISO between the trader local community. We glimpse forward to doing the job with him in his new capacities and jointly getting the Firm to new heights.”

Mr. Eason Zhang has served as the Firm’s vice president of funds marketplaces since September 2022, in demand of the Firm’s cash marketplaces issues, like investor relations, strategic investment decision and acquisitions, as well as company technique and treasury. Mr. Eason Zhang joined the Organization in January 2021 as director of money marketplaces. Due to the fact then, he has played a vital purpose in driving the Company’s good results in numerous capital sector transactions and numerous internal finance management jobs. Mr. Eason Zhang has 12 yrs of knowledge in money markets. He started off his occupation in auditing at PricewaterhouseCoopers, soon after which he served in different roles primarily in funds marketplaces in the U.S., Hong Kong and China A share markets. Mr. Eason Zhang, a Chartered Financial Analyst and a non-training member of the Chinese Institute of Accredited Public Accountants, received his dual bachelor degrees in World Heritage and Company Administration from Nankai University and is at the moment an FMBA candidate of the government program at China Europe Intercontinental Business School.

Mr. Steven Zhang has confirmed that he has no dispute or disagreement with the Board or the Business and that there is no make a difference in regard of his resignation that demands to be brought to the interest of the shareholders of the Enterprise.

About MINISO Group

MINISO Team is a world-wide benefit retailer providing a variety of structure-led way of life products. The Company serves consumers primarily as a result of its big community of MINISO retailers, and encourages a relaxing, treasure-looking and engaging shopping working experience full of pleasant surprises that appeals to all demographics. Aesthetically pleasing design, high-quality and affordability are at the main of every single solution in MINISO’s large products portfolio, and the Firm regularly and routinely rolls out items with these attributes. Considering the fact that the opening of its first keep in China in 2013, the Company has built its flagship brand “MINISO” as a globally regarded retail model and set up a large retailer community globally. For much more details, remember to take a look at

Safe and sound Harbor Assertion

This announcement is made up of forward-hunting statements. These statements are created under the “safe and sound harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements can be recognized by words or phrases this kind of as “may possibly,” “will,” “be expecting,” “foresee,” “intention,” “estimate,” “intend,” “prepare,” “believe,” “is/are very likely to,” “opportunity,” “carry on” or other very similar expressions. MINISO may possibly also make penned or oral ahead-hunting statements in its periodic reviews to the U.S. Securities and Trade Commission (the “SEC”), in bulletins, circulars or other publications built on the web-site of The Stock Trade of Hong Kong Minimal (the “Hong Kong Stock Trade”), in its once-a-year report to shareholders, in press releases and other prepared materials and in oral statements created by its officers, administrators or staff to 3rd parties. Statements that are not historical facts, which includes statements about MINISO’s beliefs and expectations, are ahead-hunting statements. Forward-wanting statements require inherent threats and uncertainties. A variety of things could lead to genuine benefits to differ materially from these contained in any ahead-searching statement, such as but not restricted to the next: MINISO’s mission, ambitions and techniques upcoming small business progress, money problems and final results of operations the anticipated expansion of the retail industry and the market place of branded wide variety retail of life style goods in China and globally anticipations pertaining to need for and current market acceptance of MINISO’s merchandise expectations relating to MINISO’s relationships with people, suppliers, MINISO Retail Companions, community distributors, and other business associates opposition in the sector proposed use of proceeds and suitable federal government policies and restrictions relating to MINISO’s organization and the sector. Even more info with regards to these and other pitfalls is included in MINISO’s filings with the SEC and the Hong Kong Stock Trade. All facts offered in this press release and in the attachments is as of the date of this push launch, and MINISO undertakes no obligation to update any ahead-searching statement, apart from as expected below relevant legislation.

Investor Relations Call:

Raine Hu
MINISO Team Holding Confined
E-mail: [email protected]
Cellphone: +86 (20) 36228788 Ext.8039

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

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