MINISO Group Holding Limited has authorized a new share repurchase program valued at up to HK$2 billion, aiming to return capital to shareholders over a 12-month period starting June 30, 2026. The board approved the 2026 Share Repurchase Program to repurchase outstanding ordinary shares and/or American depositary shares, expressing confidence in the company's business outlook and prospects. The company stated that its current share price is below its intrinsic value and that the repurchases will be funded from surplus cash on its balance sheet. Following the announcement, MINISO Group Holding shares rose 5.83% to $12.07 on Monday.

The new program succeeds the previous share repurchase initiative adopted on August 30, 2024, which was extended until June 30, 2026. Under the Extended 2024 Share Repurchase Program, MINISO repurchased shares and ADSs with an aggregate value of approximately HK$1.37 billion on the open market. The company intends to balance its fast growth with a commitment to providing stable and foreseeable returns to shareholders through the new initiative.

Repurchases under the 2026 Share Repurchase Program may be executed on the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means. The company will conduct these buybacks under the Share Repurchase Mandate granted by shareholders, which allows the repurchase of shares not exceeding 10% of the total issued shares. The board stated that the implementation would not trigger a mandatory general offer obligation under Rule 26 of the Hong Kong Code on Share Buy-backs.

The company may cancel repurchased shares or hold them as treasury shares, depending on market conditions and capital management needs at the time of repurchase. MINISO affirmed that its financial resources are sufficient to carry out the repurchases without materially impacting working capital. The board retains the discretion to adjust the terms and size of the program periodically based on market conditions.

Share Repurchase Program Details

The company will comply with the memorandum and articles of association, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Codes on Takeovers and Mergers and Share Buy-backs, and the Companies Law of the Cayman Islands. Shareholders and potential investors were advised to exercise caution, as there is no assurance regarding the timing, quantity, or price of any repurchase.

MINISO Group Holding Limited announced that all proposed resolutions submitted for shareholder approval were duly adopted at its annual general meeting held in Hong Kong on June 18, 2026. The meeting addressed the corporate agenda set forth in the notice of the annual general meeting, ensuring alignment with shareholder interests and regulatory requirements.

Company Overview

MINISO Group operates as a global high-growth value retailer offering a variety of trendy lifestyle products featuring distinctive IP designs. Since opening its first store in Chinese mainland in 2013, the company has successfully built two brands – MINISO and TOP TOY. The flagship brand MINISO has grown into a globally recognized retail brand that offers a frequently-refreshed assortment of lifestyle products through an extensive store network worldwide.

Business Operations

The company's products cover diverse consumer needs, and consumers are drawn to MINISO for the products' trendiness, creativeness, high quality, and affordability. MINISO Group continues to expand its global footprint, leveraging its strong brand identity and product innovation to drive growth.

Key Details

The adoption of all resolutions at the annual general meeting marks a significant step in MINISO Group's corporate governance and strategic direction. Shareholders have approved the company's proposals, paving the way for continued operational excellence and market expansion.