GUANGZHOU, China, Jan. 16, 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
the Company's board of directors approved a change of the Company's
fiscal year end from June 30 to December
31 each year. The primary purpose of changing the Company's
fiscal year end is to improve the consistency between financial
reporting and our business operation as we formulate annual
budgeting and assessment target on a calendar year basis, and to
align the Company's financial reporting with that of the Company's
domestic peers to improve comparability on both a quarterly and an
annual basis. The change of fiscal year end is effective
immediately.
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. Among other things, the
quotations from management in this announcement, as well as
MINISO's strategic and operational plans, contain forward-looking
statements. MINISO may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC") and The Stock Exchange of Hong Kong
Limited (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:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
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SOURCE MINISO Group Holding Limited