INVESTOR ALERT

MINISO Group Holding Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - MNSO

Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of MINISO Group Holding Limited (NYSE: MNSO) publicly traded securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with MINISO’s October 15, 2020 initial public offering (the “IPO”) have until October 17, 2022 to seek appointment as lead plaintiff in the MINISO class action lawsuit. Captioned Ashraf v. MINISO Group Holding Limited, No. 22-cv-05815 (C.D. Cal.), the MINISO class action lawsuit charges MINISO, certain of its top executives and directors, its representative in the United States, as well as the IPO’s underwriters with violations of the Securities Act of 1933.

If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:

https://www.rgrdlaw.com/cases-miniso-group-holding-limited-class-actio ...

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail].

CASE ALLEGATIONS: Headquartered in the People’s Republic of China (“PRC”), MINISO purports to be a fast-growing global value retailer which serves consumers primarily through its large network of MINISO stores. On October 15, 2020, defendants held the IPO, issuing approximately 30.4 million American Depositary Shares (“ADSs”) to the investing public at $20.00 per ADS, pursuant to the Registration Statement.

The MINISO class action lawsuit alleges that the IPO’s Registration Statement was false and/or misleading and/or failed to disclose that: (i) defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated; (ii) as a result, MINISO concealed its true costs; (iii) MINISO did not represent its true business model; (iv) defendants, including MINISO and its Chairman, engaged in planned unusual and unclear transactions; (v) as a result of at least one of these transactions, MINISO is at risk of breaching contracts with PRC authorities; and (vi) MINISO would imminently and drastically drop its franchise fees.