#China #Guangzhou #retail #MINISO #Yonghui

MINISO Group Concludes Extraordinary General Meeting

On January 17, 2025, MINISO Group Holding Limited, a global value retailer known for its trendy lifestyle products, announced the results of its extraordinary general meeting (EGM) held in Hong Kong. The EGM was convened to seek shareholder approval regarding the acquisition of shares from Yonghui Superstores Co., Ltd. This meeting was pivotal in laying the groundwork for the company's future direction and expansion plans.

During the EGM, MINISO's stakeholders actively discussed and evaluated several proposals aimed at fortifying the company's market position. The resolutions presented received unanimous support from shareholders, indicating strong confidence in MINISO's strategic vision. With all proposed resolutions successfully endorsed, the company is poised to move forward with the planned acquisition, pending the fulfillment of other stipulated closing conditions in accordance with the relevant share purchase agreements.

About MINISO Group

Founded in 2013, MINISO has rapidly evolved into a globally recognized lifestyle retail brand, offering an extensive range of thoughtfully designed products that appeal to consumers from diverse backgrounds. The company's operational model emphasizes accessibility, affordability, and high-quality design, creating a customer-centric shopping experience that fosters engagement and surprise.

MINISO operates a large network of stores worldwide, where consumers can explore an array of lifestyle goods, from home essentials to personal care items, all underpinned by MINISO's commitment to aesthetic appeal and value. The brand differentiates itself not just through its product offerings, but also through its innovative marketing strategies that resonate with modern consumers.

After the EGM, MINISO Group expressed optimism regarding the potential impacts of the acquisition on its growth trajectory. The integration of Yonghui Superstores is anticipated to enhance the company's operational capacity and broaden its reach across the retail sector. This acquisition marks a significant step for MINISO as it continues to expand its footprint in the competitive market landscape.

The company has already established itself in numerous global markets, thanks to its strategic positioning and effective supply chain management. With an eye on future developments, MINISO is dedicated to maintaining its reputation as a pioneer in the retail industry by consistently introducing fresh and trendy products to its line-up.

In a world increasingly dominated by e-commerce and changing consumer preferences, MINISO stays committed to innovation and adaptability. The recent approval of major resolutions at the EGM is a testament to the strong alignment between the company’s leadership and shareholder interests.

For those interested in following the progress of MINISO Group and its latest initiatives, additional information can be found on their Investor Relations page. The company's commitment to transparency and communication with its investors remains a key priority as it moves forward into this exciting new phase of growth.

In conclusion, the successful outcome of the extraordinary general meeting not only reflects the unity and shared vision among MINISO's shareholders but also sets the stage for significant market advancements. As the company gears up for the integration of Yonghui Superstores, MINISO continues to embody a forward-thinking approach dedicated to retail excellence, consumer satisfaction, and innovative growth strategies.