<SEC-DOCUMENT>0001104659-22-083640.txt : 20220728
<SEC-HEADER>0001104659-22-083640.hdr.sgml : 20220728
<ACCEPTANCE-DATETIME>20220728160033
ACCESSION NUMBER:		0001104659-22-083640
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220728
FILED AS OF DATE:		20220728
DATE AS OF CHANGE:		20220728

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MINISO Group Holding Ltd
		CENTRAL INDEX KEY:			0001815846
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-VARIETY STORES [5331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39601
		FILM NUMBER:		221115162

	BUSINESS ADDRESS:	
		STREET 1:		25/F, HEYE PLAZA
		STREET 2:		NO.486 KANGWANGZHONG ROAD,LIWAN DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510140
		BUSINESS PHONE:		862036228788

	MAIL ADDRESS:	
		STREET 1:		25/F, HEYE PLAZA
		STREET 2:		NO.486 KANGWANGZHONG ROAD,LIWAN DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510140
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2222041d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of July&nbsp;2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-39601</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MINISO Group Holding Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">8F, M Plaza, No.&nbsp;109, Pazhou Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Haizhu District, Guangzhou 510000, Guangdong Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The People&rsquo;s Republic of China<BR>
(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">&#120;</FONT>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K
in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K
in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Exhibit&nbsp;Index</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A HREF="tm2222041d1_ex99-1.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;99.1 &mdash; Press Release</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
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    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">MINISO Group Holding Limited</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">By</FONT></TD>
    <TD STYLE="text-align: center; width: 3%"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="width: 43%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid">/s/ Saiyin Zhang</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Saiyin Zhang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Director and Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: July&nbsp;28, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2222041d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0">Exhibit 99.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MINISO Refutes Blue Orca&rsquo;s Short Seller
Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">GUANGZHOU, China, July 28, 2022 /PRNewswire/
 &ndash;&nbsp; MINISO Group Holding Limited (NYSE: MNSO; HKEx: 9896) (&ldquo;MINISO,&rdquo; &ldquo;MINISO Group&rdquo; or the
 &ldquo;Company&rdquo;), a global retailer offering a variety of design-led lifestyle products, today issued the following press
release in response to allegations made in a report issued by Blue Orca Capital (&ldquo;Blue Orca&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As the Company previously disclosed, on July 26,
2022, shortseller Blue Orca issued a report attacking the Company (the &ldquo;Report&rdquo;).&nbsp; In the past two days, the Company
has been reporting its preliminary findings rebutting the Report&rsquo;s key allegations to the Independent Committee that the Company&rsquo;s
Board of Directors had formed to oversee an independent investigation regarding the allegations made in the Report (&ldquo;Independent
Investigation&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Among the preliminary findings that the Company
reported to the Independent Committee are the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>1.</B></TD><TD><B>Franchise Business Model</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company believes that the allegation made in
the Report about the Company&rsquo;s franchise business model is without merit. As disclosed in the Company&rsquo;s previous filings made
in the United States and Hong Kong, the Company adopts the MINISO Retail Partner model as the Company&rsquo;s predominant business model
for its operations in China. Under this model, when a MINISO Retail Partner joins the Company&rsquo;s store network, the MINISO Retail
Partner &mdash; not the Company &mdash; shoulders the associated capital expenditure and operating expenses. The Company provides the
MINISO Retail Partners only with operational guidance in the form of store management and consultation services. All of the Company&rsquo;s
MINISO Retail Partners are independent of the Company and are not owned or controlled by the Company legally, operationally, or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Historically, certain MINISO Retail Partners
requested the Company&rsquo;s assistance with certain administrative tasks, such as corporate registration with the local
administration of industry and commerce. From time to time, in providing the requested assistance, some Company employees may have
found it necessary or expedient to provide their names and contact information to the local authorities and did so on their own
initiative. This information, in turn, became part of the registration records of a number of stores owned and operated by MINISO
Retail Partners. The Report&rsquo;s allegation that &ldquo;over 620&rdquo; stores are &ldquo;registered to MINISO executives or
persons connected to chairman&rdquo; is erroneous. To the best of the Company&rsquo;s knowledge, the number of instances where
Company employees provided their names in the manner described was only a very small fraction of the Company&rsquo;s total store counts. Moreover, most of these
instances can be traced back to the same small group of employees whose duties and responsibilities included government relations
such as corporate registrations. These unapproved practices by individual employees have been substantially curtailed. As of the
date of this press release, to the best of the Company&rsquo;s knowledge, there are only three stores owned by retail partners with
junior-level Company employees&rsquo; name on their registration records. None of the Company&rsquo;s management&rsquo;s name, or
that of their relatives, appears in any MINISO Retail Partners stores&rsquo; registration records.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In any event, none of the above shows that these independently operated
stores, simply by virtue of receiving ad hoc administrative assistance from the Company or its employees, thereby became Company-owned
and Company-controlled stores. As disclosed in the Company&rsquo;s prior public filings in the United States and Hong Kong, other than
the directly-operated and distributor-operated stores, all of the MINISO and TOP TOY stores in China were and are owned by MINISO Retail
Partners that were and are independent of the Company and the Company&rsquo;s management. Moreover, as previously disclosed, under the
MINISO Retail Partner model, the Company recognizes revenue, not when products are delivered to its MINISO Retail Partners, but only when
products are sold by its MINISO Retail Partners to end-customers. Under this timing of revenue recognition, incentives to inflate the
reported number of its MINISO Retail Partners are substantially reduced.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>2.</B></TD><TD><B>Land Deals Involving the Company&rsquo;s Chairman</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company believes that the Report&rsquo;s allegation
that Chairman Ye siphoned off IPO proceeds by a series of real estate transactions is also without merit.&nbsp; In December 2020, MINISO
and Chairman Ye formed a joint venture (&ldquo;JV&rdquo;) for the purpose of purchasing a piece of land to build an office building in
China, with Chairman Ye holding 80% interest in the JV and MINISO holding the remaining 20%.&nbsp; In October 2021, MINISO bought out
Chairman Ye&rsquo;s 80% interest for RMB 695 million.&nbsp; The above transactions were fully and accurately disclosed in the Company&rsquo;s
prospectus for its Hong Kong IPO and the press releases dated December 11, 2020, and September 26, 2021.&nbsp; Moreover, these transactions
were duly presented to and approved by the Company&rsquo;s Board of Directors and its Audit Committee.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Nonetheless, the Report alleges that Mr. Ye never
contributed any cash to the JV.&nbsp; As a result, the Report alleges that the Company&rsquo;s buy-out of Mr. Ye&rsquo;s shares in October
2021 was &ldquo;money for nothing.&rdquo;&nbsp; The Report is incorrect.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In exchange for his 80% stake in the JV, Mr. Ye
contributed the following to the JV:&nbsp; &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>On February 2, 2021, YGF MC Limited, a company solely owned by Mr. Ye, contributed USD 34.5 million (~RMB 222.95 million) to the JV;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>On February 4, 2021, Mr. Ye, through another company owned and controlled by him, obtained a loan in the amount of RMB 319.9 million
and contributed the loan proceeds to the JV; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>On May 25, 2021, YGF MC Limited contributed another RMB 200 million to the JV.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As the foregoing shows, Mr. Ye contributed a total
of approximately RMB742.88 million to the JV. &nbsp;When MINISO bought out Mr. Ye&rsquo;s 80% stake in the JV in October 2021, the Company
engaged an independent third-party appraiser to conduct a valuation on the JV.&nbsp; Together with Mr. Ye's other interest in the JV,
Mr. Ye's total interest in the JV was estimated to be over RMB 700 million.&nbsp; Each of these numbers is in excess of the RMB 695 million
that MINISO paid Mr. Ye to buy out Mr. Ye&rsquo;s shares in the JV.&nbsp; &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>3.</B></TD><TD><B>The Company&rsquo;s Business Prospects </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Finally, the Company believes that the Report&rsquo;s
allegations about the Company&rsquo;s business prospects are likewise without merit. For example, far from a sign that the Company was
struggling, the reduction of the Company&rsquo;s licensing fees was part of the Company&rsquo;s considered strategy to incentivize its
MINISO Retail Partners to open stores in third- and lower-tier Chinese cities. This strategy succeeded. As disclosed on page 250 of the
Hong Kong prospectus, the number of MINISO stores in third- and lower-tier cities in China increased from 806 as of June 30, 2019 to 894
as of June 30, 2020 and 1,137 as of June 30, 2021. Year to year, the number of MINISO stores in third- and lower-tier cities in China
increased from 1,029 as of December 31, 2020 to 1,307 as of December 31, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company&rsquo;s revenue from licensing fees
received from MINISO Retail Partners also increased during the relevant period. As the Company disclosed on pages 18 and 306 of the Hong
Kong prospectus, revenue from license fees received from the Company&rsquo;s MINISO Retail Partners was RMB13.6 million for the fiscal
year ended June 30, 2019; RMB58.5 million for the fiscal year ended June 30, 2020; and RMB54.0 million for the fiscal year ended June
30, 2021. For the six months ended December 31, 2021 and 2022, revenue from license fees received from the Company&rsquo;s MINISO Retail
Partners was RMB20.3 million and RMB42.2 million, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">With respect to store closure, the Report cites
inaccurate store closure data reported by several media outlets from several years ago. The latest information about the number of stores
closed in fiscal years ended June 30, 2019, 2020, and 2021, and the same metric for the six months ended December 31, 2020 and 2021, can
be found at pages 249 and 255 of the Hong Kong prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About MINISO Group</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">MINISO is a global retailer offering a variety
of design-led lifestyle products. 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. Design, quality and affordability
are at the core of every MINISO product it delivers, and the Company continually and frequently rolls out products of these qualities.
Since the opening of its first store in China in 2013, the Company has built its flagship brand &ldquo;MINISO&rdquo; as a globally recognized
retail brand and established a store network worldwide.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For more information, please visit&nbsp;<U>https://ir.miniso.com/</U>.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Safe Harbor Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This announcement contains forward-looking statements.
These statements are made under the &ldquo;safe harbor&rdquo; 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 &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;expect,&rdquo;
 &ldquo;anticipate,&rdquo; &ldquo;aim,&rdquo; &ldquo;estimate,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;believe,&rdquo;
 &ldquo;is/are likely to,&rdquo; &ldquo;potential,&rdquo; &ldquo;continue,&rdquo; or other similar expressions. MINISO may also make written
or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), 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&rsquo;s beliefs and expectations,
are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these
and other risks is included in the Company&rsquo;s reports filed with, or furnished to the SEC. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Source: MINISO Group Holding Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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