Miniso announces HKD 2B share repurchase program

Miniso announced that, the board of directors of the company authorized and approved a new share repurchase program on August 30, under which the company may repurchase up to HKD 2B in value of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares over a period of 12 months starting from the approval date. The company expects to fund the repurchases under the 2024 share repurchase program from surplus cash on its balance sheet.