GUANGZHOU, China, Jan. 29,
2023 /PRNewswire/ -- MINISO Group Holding Limited
(NYSE: MNSO; HKEx: 9896) ("MINISO," "MINISO Group" or the
"Company"), a global value retailer offering a variety of
design-led lifestyle products, today 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 Company, effective on
January 31, 2023, for personal reason
and in order to spend more time with his family. Mr. Steven Zhang will continue to serve as a senior
consultant to the Company.
Following Mr. Steven Zhang's
resignation, the board of directors of the Company (the "Board")
will be comprised of five members, including three independent
non-executive directors and two executive directors. In addition,
the Board has appointed Mr. Eason Jingjing
Zhang, currently the Company's vice president of capital
markets, as the new chief financial officer of the Company,
effective on January 31, 2023.
Mr. Guofu Ye, founder, chairman
of the Board and chief executive officer of the Company, commented,
"On behalf of our Board and the management team, I would like to
thank Steven for his exemplary service and significant
contributions to the Company's business, financial management,
capital markets transactions and corporate governance during the
past 5 years since he joined the Company. His sound judgment and
leadership have been instrumental in our company's growth, earning
respect and commendation throughout the Company."
"Steven has designed a detailed succession plan to transition
his responsibilities to Eason, who has played a key role in driving
MINISO's success in various capital market transactions and several
internal finance management projects, demonstrating a clear
understanding of our business and establishing confidence in MINISO
among the investor community. We look forward to working with him
in his new capacities and together taking the Company to new
heights."
Mr. Eason Zhang has served as the
Company's vice president of capital markets since September 2022, in charge of the Company's
capital markets matters, including investor relations, strategic
investment and acquisitions, as well as corporate strategy and
treasury. Mr. Eason Zhang joined the
Company in January 2021 as director
of capital markets. Since then, he has played a key role in driving
the Company's success in various capital market transactions and
several internal finance management projects. Mr. Eason Zhang has 12 years of experience in
capital markets. He started his career in auditing at
PricewaterhouseCoopers, after which he served in various roles
mainly in capital markets in the U.S., Hong Kong and China A share markets. Mr.
Eason Zhang, a Chartered Financial
Analyst and a non-practicing member of the Chinese Institute of
Certified Public Accountants, received his dual bachelor degrees in
World History and Business Administration from Nankai University
and is currently an FMBA candidate of the executive program at
China Europe International Business School.
Mr. Steven Zhang has confirmed
that he has no dispute or disagreement with the Board or the
Company and that there is no matter in respect of his resignation
that needs to be brought to the attention of the shareholders of
the Company.
About MINISO Group
MINISO Group is a global value 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.
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 U.S. Securities and Exchange Commission (the "SEC"), in
announcements, circulars or other publications made on the website
of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock
Exchange"), 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 Hong Kong Stock
Exchange. 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
Eric Yuan
Christensen Advisory
Email: miniso@christensencomms.com
Phone: +86 1380 111 0739
View original
content:https://www.prnewswire.com/news-releases/miniso-group-announces-management-and-board-changes-301732999.html
SOURCE MINISO Group Holding Limited