SCHEDULE: MINISO Founders Maintain 63.8% Stake in Latest SEC Filing

MINISO Group Holding Limited's co-founders, Guofu Ye and Yunyun Yang, reaffirmed their significant beneficial ownership of 63.8% in a recent Schedule 13G/A filing.

Summary

• Guofu Ye and Yunyun Yang, co-founders of MINISO Group Holding Limited, jointly beneficially own 789,541,061 ordinary shares, representing 63.8% of the company's outstanding shares as of December 31, 2025.
• Their ownership is held through various British Virgin Islands-incorporated entities including Mini Investment Limited (26.5%), Mini Investments SP1 Limited (1.1%), YGF MC LIMITED (0.7%), YGF MN LIMITED (15.7%), and YYY MC LIMITED (20.8%).
• Mini Investment Limited directly holds 314,290,482 ordinary shares and wholly owns Mini Investments SP1 Limited, which holds 14,000,000 shares.
• YGF MC LIMITED, wholly-owned by Mr. Guofu Ye, holds 8,936,000 ordinary shares.
• YGF MN LIMITED, holding 194,465,382 ordinary shares, is 1% owned by YGF MC LIMITED and 99% by YY Capital Ltd.
• YYY MC LIMITED, holding 257,849,197 ordinary shares, is wholly owned by YYY Development Limited.
• The beneficial ownership percentages are calculated based on 1,237,564,177 ordinary shares outstanding as of December 31, 2025.
• Mr. Ye and Ms. Yang make joint decisions on the exercise of voting power for all shares owned through their holding vehicles.
• The filing details the unwinding of a prepaid forward contract (collar transaction) in June 2025, where Mini Investments SP1 Limited received back 14,000,000 ordinary shares previously transferred as credit support in September 2023.
• In November 2025, YGF MC LIMITED transferred 194,465,382 ordinary shares to YGF MN LIMITED.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a routine regulatory disclosure of beneficial ownership and internal share transfers, providing transparency without indicating any positive or negative operational or financial developments for the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this Schedule 13G/A filing is a routine disclosure of beneficial ownership, primarily reflecting the continued significant control by the co-founders of MINISO Group Holding Limited. Such filings provide transparency on insider holdings but typically do not offer insights into broader industry trends or competitive positioning.

Corporate Governance

Related Party Transactions

• Mini Investment Limited transferred 14,000,000 ordinary shares to its wholly-owned subsidiary Mini Investments SP1 Limited in September 2023.
• YGF MC LIMITED transferred 194,465,382 ordinary shares to YGF MN LIMITED in November 2025, where YGF MN LIMITED is 1% held by YGF MC LIMITED and 99% by YY Capital Ltd.
• The beneficial ownership of Mr. Guofu Ye and Ms. Yunyun Yang (spouse) is aggregated due to their joint decision-making on voting power and their roles as settlors of various trusts holding shares through their respective entities.

Stakeholder Impact

• Shareholders: Provides clarity on the significant and stable ownership stake held by the co-founders, which can influence perceptions of corporate control and long-term strategic direction.

Key Dates

Recommendation

This Schedule 13G/A filing is a routine disclosure of beneficial ownership, detailing the continued significant stake of MINISO's co-founders, Guofu Ye and Yunyun Yang, and clarifying their holding structures. It reflects internal transfers and the unwinding of a past financial transaction, rather than new strategic initiatives or material financial performance. As such, it does not introduce new information that would fundamentally alter the investment thesis for MINISO, warranting a 'hold' recommendation for seasoned investors.

Keywords

MINISO Group Holding Limited, Schedule 13G, Beneficial Ownership, Guofu Ye, Yunyun Yang, Shareholding, Corporate Governance, Insider Ownership, SEC Filing