STOCK TITAN

MINISO (NYSE: MNSO) insider vehicles report 2.1M-share open-market buys

Filing Impact
(Very High)
Filing Sentiment
(Very Positive)
Form Type
4

Rhea-AI Filing Summary

MINISO Group Holding Ltd vice president Yunyun (Alice) Yang reported indirect open-market purchases of 2,100,000 ordinary shares of MINISO through affiliated holding vehicles. These buys occurred on May 29 and June 1, 2026 at weighted-average prices between $3.27 and $3.35 per share.

After these transactions, entities associated with Ms. Yang and her spouse, Mr. Guofu Ye, held large indirect positions, including 315,740,482 ordinary shares by Mini Investment Limited and 195,115,382 ordinary shares by YGF MN LIMITED, alongside additional holdings via YYY MC LIMITED, YGF MC LIMITED and Mini Investments SP1 Limited. The holdings include 96,000 ordinary shares in the form of American Depositary Shares, each ADS representing four ordinary shares.

Positive

  • None.

Negative

  • None.
Insider Yang Yunyun (Alice)
Role Vice President
Bought 2,100,000 shs ($6.90M)
Type Security Shares Price Value
Purchase Ordinary shares 150,000 $3.3494 $502K
Purchase Ordinary shares 1,300,000 $3.2743 $4.26M
Purchase Ordinary shares 650,000 $3.2954 $2.14M
holding Ordinary shares -- -- --
holding Ordinary shares -- -- --
holding Ordinary shares -- -- --
Holdings After Transaction: Ordinary shares — 315,740,482 shares (Indirect, by Mini Investment Limited)
Footnotes (1)
  1. The prices reported in Column 4 are weighted average prices. The corresponding shares were purchased in multiple transactions in the open market in Hong Kong at prices denominated in Hong Kong dollars ranging from HK$24.4400 to HK$25.8600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The purchase prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.80 to US$1.00. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Ye as the settlor. YGF MC LIMITED is wholly-owned by Mr. Guofu Ye. YGF MN LIMITED is held by YGF MC LIMITED, as to 1%, and held by YY Capital Ltd., as to 99%. All shares of YY Capital Ltd. are held by Cantrust (Far East) Limited on behalf of Y Group Trust, with Cantrust (Far East) Limited as the trustee and Mr. Ye as the settlor. YYY MC LIMITED is wholly owned by YYY Development Limited. All shares of YYY Development Limited are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with TMF (Cayman) Ltd. as the trustee and Ms. Yang as the settlor. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares directly held by Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED. The prices reported in Column 4 are weighted average prices. The corresponding shares were purchased in multiple transactions in the open market in Hong Kong at prices denominated in Hong Kong dollars ranging from HK$26.0800 to HK$26.1600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The purchase prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.80 to US$1.00. Including 96,000 ordinary shares held in the form of American Depositary Shares, each representing four ordinary shares of the issuer. The prices reported in Column 4 are weighted average prices. The corresponding shares were purchased in multiple transactions in the open market in Hong Kong at prices denominated in Hong Kong dollars ranging from HK$24.4400 to HK$25.7600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The purchase prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.80 to US$1.00.
Total net insider purchases 2,100,000 ordinary shares Net buy shares reported across May 29 and June 1, 2026
Mini Investment Limited holding 315,740,482 ordinary shares Indirect ownership after June 1, 2026 transaction
YGF MN LIMITED holding 195,115,382 ordinary shares Indirect ownership after May 29, 2026 transaction
Mini Investment Limited June 1 purchase 150,000 shares at $3.3494 Open-market purchase of ordinary shares on June 1, 2026
Mini Investment Limited May 29 purchase 1,300,000 shares at $3.2743 Open-market purchase of ordinary shares on May 29, 2026
YGF MN LIMITED May 29 purchase 650,000 shares at $3.2954 Open-market purchase of ordinary shares on May 29, 2026
ADS-related ordinary shares 96,000 ordinary shares Held in the form of American Depositary Shares
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
American Depositary Shares financial
"Including 96,000 ordinary shares held in the form of American Depositary Shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
beneficial owners financial
"both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners"
Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.
trustee financial
"with TMF (Cayman) Ltd. as the trustee and Mr. Ye as the settlor"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
weighted average prices financial
"The prices reported in Column 4 are weighted average prices."
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Yang Yunyun (Alice)

(Last)(First)(Middle)
16F, M PLAZA, NO. 109, PAZHOU AVENUE,
HAIZHU DISTRICT

(Street)
GUANGZHOU510000

(City)(State)(Zip)

CHINA

(Country)
2. Issuer Name and Ticker or Trading Symbol
MINISO Group Holding Ltd [ MNSO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Vice President
2a. Foreign Trading Symbol
[09896]
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary shares05/29/2026P1,300,000A$3.2743(1)315,590,482Iby Mini Investment Limited(2)(3)
Ordinary shares06/01/2026P150,000A$3.3494(4)315,740,482Iby Mini Investment Limited(2)(3)
Ordinary shares14,000,000Iby Mini Investments SP1 Limited(2)(3)
Ordinary shares(5)8,936,000Iby YGF MC LIMITED(2)(3)
Ordinary shares05/29/2026P650,000A$3.2954(6)195,115,382Iby YGF MN LIMITED(2)(3)
Ordinary shares257,849,197Iby YYY MC LIMITED(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The prices reported in Column 4 are weighted average prices. The corresponding shares were purchased in multiple transactions in the open market in Hong Kong at prices denominated in Hong Kong dollars ranging from HK$24.4400 to HK$25.8600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The purchase prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.80 to US$1.00.
2. Mini Investments SP1 Limited is a wholly owned subsidiary of Mini Investment Limited. Mini Investment Limited is wholly owned by YGF Development Limited. All shares of YGF Development Limited are held by TMF (Cayman) Ltd. on behalf of YGF Trust, with TMF (Cayman) Ltd. as the trustee and Mr. Ye as the settlor. YGF MC LIMITED is wholly-owned by Mr. Guofu Ye. YGF MN LIMITED is held by YGF MC LIMITED, as to 1%, and held by YY Capital Ltd., as to 99%. All shares of YY Capital Ltd. are held by Cantrust (Far East) Limited on behalf of Y Group Trust, with Cantrust (Far East) Limited as the trustee and Mr. Ye as the settlor. YYY MC LIMITED is wholly owned by YYY Development Limited. All shares of YYY Development Limited are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with TMF (Cayman) Ltd. as the trustee and Ms. Yang as the settlor.
3. Ms. Yunyun Yang is Mr. Guofu Ye's spouse. Mr. Guofu Ye and Ms. Yunyun Yang make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles. As a result, both Mr. Guofu Ye and Ms. Yunyun Yang are deemed to be beneficial owners of the shares directly held by Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED.
4. The prices reported in Column 4 are weighted average prices. The corresponding shares were purchased in multiple transactions in the open market in Hong Kong at prices denominated in Hong Kong dollars ranging from HK$26.0800 to HK$26.1600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The purchase prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.80 to US$1.00.
5. Including 96,000 ordinary shares held in the form of American Depositary Shares, each representing four ordinary shares of the issuer.
6. The prices reported in Column 4 are weighted average prices. The corresponding shares were purchased in multiple transactions in the open market in Hong Kong at prices denominated in Hong Kong dollars ranging from HK$24.4400 to HK$25.7600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The purchase prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.80 to US$1.00.
/s/ Yunyun Yang06/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did MINISO (MNSO) disclose for Yunyun (Alice) Yang?

MINISO disclosed that vice president Yunyun (Alice) Yang reported 2,100,000 ordinary shares of indirect open-market purchases. These transactions were made through affiliated holding entities and recorded across May 29 and June 1, 2026, at weighted-average prices in the low $3 range.

At what prices were the recent MINISO (MNSO) insider share purchases executed?

The disclosed insider purchases were executed at weighted-average prices around $3.27 to $3.35 per ordinary share. Actual trades occurred in Hong Kong dollars between roughly HK$24.44 and HK$26.16, converted using an exchange rate of HK$7.80 per US$1.00.

How many MINISO (MNSO) shares do affiliated entities hold after the reported transactions?

After the reported transactions, affiliated entities held large indirect positions, including 315,740,482 ordinary shares by Mini Investment Limited and 195,115,382 ordinary shares by YGF MN LIMITED. Additional indirect holdings were reported for YYY MC LIMITED, YGF MC LIMITED and Mini Investments SP1 Limited.

How many MINISO (MNSO) shares were recently bought through each main entity?

Mini Investment Limited reported buying 1,450,000 ordinary shares in open-market purchases, while YGF MN LIMITED reported buying 650,000 ordinary shares. In total, the filing shows 2,100,000 ordinary shares of net purchases across the disclosed entities and dates.

How are trusts and holding vehicles involved in MINISO (MNSO) insider ownership?

The filing explains that entities such as Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED are owned through layered companies and trusts. Mr. Guofu Ye and Ms. Yunyun Yang jointly decide voting power for shares held via these vehicles.

What role do American Depositary Shares play in MINISO (MNSO) insider holdings?

The disclosure notes that insider-related holdings include 96,000 ordinary shares held as American Depositary Shares (ADS). Each ADS represents four ordinary shares of MINISO, providing a way for investors to hold the company’s shares through a US-listed instrument.