GUANGZHOU, China, Nov. 22,
2024 /PRNewswire/ -- MINISO Group Holding Limited
(NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the
"Company"), a global value retailer offering a variety of trendy
lifestyle products featuring IP design, today announced that it
will hold an extraordinary general meeting of the Company's
shareholders (the "EGM") at 11:00
a.m. Beijing time on
January 17, 2025 at Flats B-D,
35/F, Plaza 88, 88 Yeung Uk Road, Tsuen Wan, the New Territories, Hong Kong, for the purposes of considering
and, if thought fit, approving the proposed acquisition of shares
of Yonghui Superstores Co., Ltd ("Yonghui"). As previously
announced, in September 2024, a
wholly owned PRC subsidiary of the Company entered into share
purchase agreements with certain existing shareholders of Yonghui
to acquire an aggregate of 29.4% of the issued and outstanding
shares of Yonghui.
Holders of record of ordinary shares of the Company at the close
of business on December 6, 2024,
Hong Kong time, are entitled to
notice of and to attend and vote at the EGM or any adjournment or
postponement thereof. Holders of record of ADSs as of the close of
business on December 6, 2024,
New York time, who wish to
exercise their voting rights for the underlying ordinary shares
must give voting instructions directly to The Bank of New York
Mellon, the depositary of the ADSs, if ADSs are held on the books
and records of The Bank of New York Mellon, or indirectly through a
bank, brokerage or other securities intermediary if the ADSs are
held by any of them on behalf of holders, as the case may be.
Each of the proposed resolutions to be considered at the EGM is
set forth in the notice of the EGM. The EGM notice and circular,
the ballot, the form of proxy and other documents for the EGM are
available on the Company's website at https://ir.miniso.com.
SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN
THEIR ENTIRETY THESE MATERIALS AND OTHER RELATED MATERIALS, AS THEY
CONTAIN VOTING INSTRUCTIONS AND IMPORTANT INFORMATION ABOUT THE
COMPANY, YONGHUI, THE PROPOSED TRANSACTION AND RELATED MATTERS.
About MINISO Group
MINISO Group is a global value retailer offering a variety of
trendy lifestyle products featuring IP design. The Company serves
consumers primarily through its large network of MINISO stores, and
promotes a relaxing, treasure-hunting and engaging shopping
experience full of delightful surprises that appeals to all
demographics. Aesthetically pleasing design, quality and
affordability are at the core of every product in MINISO's wide
product portfolio, and the Company continually and frequently rolls
out products with these qualities. Since the opening of its first
store in China in 2013, the
Company has built its flagship brand "MINISO" as a globally
recognized retail brand and established a massive store network
worldwide. For more information, please visit
https://ir.miniso.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "potential,"
"continue" or other similar expressions. MINISO may also make
written or oral forward-looking statements in its periodic reports
to the SEC and the HKEx, in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about MINISO's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: MINISO's
mission, goals and strategies; future business development,
financial conditions and results of operations; the expected growth
of the retail market and the market of branded variety retail of
lifestyle products in China and
globally; expectations regarding demand for and market acceptance
of MINISO's products; expectations regarding MINISO's relationships
with consumers, suppliers, MINISO Retail Partners, local
distributors, and other business partners; competition in the
industry; proposed use of proceeds; and relevant government
policies and regulations relating to MINISO's business and the
industry. Further information regarding these and other risks is
included in MINISO's filings with the SEC and the HKEx. All
information provided in this press release and in the attachments
is as of the date of this press release, and MINISO undertakes no
obligation to update any forward-looking statement, except as
required under applicable law.
Investor Relations Contact:
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
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SOURCE MINISO Group Holding Limited
