MINISO (MNSO) CEO Ye Guofu details large indirect shareholdings in new filing

Rhea-AI Filing Summary

MINISO Group Holding Ltd’s chief executive officer Ye Guofu filed an initial ownership report showing large indirect holdings of the company’s ordinary shares through multiple entities. As of the reported date, these indirect positions include 314,290,482 shares held by Mini Investment Limited, 14,000,000 shares by Mini Investments SP1 Limited, 8,936,000 shares by YGF MC LIMITED, 194,465,382 shares by YGF MN LIMITED and 257,849,197 shares by YYY MC LIMITED.

Footnotes explain a trust and holding-company structure through which Mr. Ye and his spouse, Ms. Yunyun Yang, are deemed beneficial owners and make joint decisions on voting these shares, underscoring their significant indirect influence over MINISO’s equity.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ye Guofu

(Last) (First) (Middle)

8F, M PLAZA, NO. 109, PAZHOU AVENUE

HAIZHU DISTRICT

(Street)

GUANGZHOU 510000

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
MINISO Group Holding Ltd [ MNSO ]

3a. Foreign Trading Symbol
[9,896]

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary shares	314,290,482	I	by Mini Investment Limited(2)(3)
Ordinary shares	14,000,000	I	by Mini Investments SP1 Limited(2)(3)
Ordinary shares(1)	8,936,000	I	by YGF MC LIMITED(2)(3)
Ordinary shares	194,465,382	I	by YGF MN LIMITED(2)(3)
Ordinary shares	257,849,197	I	by YYY MC LIMITED(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Including 96,000 ordinary shares held in the form of American Depositary Shares, each representing four ordinary shares of the issuer.

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.

	/s/ Guofu Ye	03/18/2026
	** Signature of Reporting Person	Date
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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Ye Guofu’s Form 3 filing show about his MINISO (MNSO) holdings?

The filing shows Ye Guofu indirectly holds large blocks of MINISO ordinary shares through several entities. These include holdings via Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED, indicating substantial long-term ownership influence.

How are Ye Guofu’s MINISO (MNSO) shares held according to the filing?

The shares are held indirectly through various holding vehicles, including Mini Investment Limited and other affiliated entities. Trust companies act as trustees for certain holding companies, with Ye identified as settlor, creating a layered structure for his beneficial ownership in MINISO.

What role do trusts play in Ye Guofu’s MINISO (MNSO) ownership structure?

Trusts hold the shares of intermediate holding companies that own MINISO stock. TMF (Cayman) Ltd. and Cantrust (Far East) Limited act as trustees for YGF and Y Group related trusts, with Ye as settlor in several cases, linking him to substantial beneficial ownership.

How is Mini Investments SP1 Limited related to Mini Investment Limited in the MINISO filing?

Mini Investments SP1 Limited is disclosed as a wholly owned subsidiary of Mini Investment Limited. This means its MINISO ordinary share holdings are ultimately controlled through Mini Investment Limited, which is tied to Ye Guofu via YGF Development Limited and associated trust arrangements.

What is the significance of Ms. Yunyun Yang in MINISO (MNSO) insider ownership?

Ms. Yunyun Yang is identified as Ye Guofu’s spouse, and they jointly decide how to vote the shares held through their vehicles. Both are therefore deemed beneficial owners of shares held by Mini Investment Limited, Mini Investments SP1 Limited, YGF MC LIMITED, YGF MN LIMITED and YYY MC LIMITED.

Are any MINISO (MNSO) shares held as ADSs in Ye Guofu’s reported position?

Yes. The footnotes state that the holdings include 96,000 ordinary shares in the form of American Depositary Shares. Each ADS represents four ordinary shares of MINISO, indicating part of the reported stake is held via U.S.-traded depositary receipts.