Miniso reports new $200M share repurchase program

Miniso announced that, following the expiration of the share repurchase program the company adopted in September 2022, the board of directors of the company authorized and approved a new share repurchase program on September 15, under which the company may repurchase up to $200M 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 date on which the program was approved. The company expects to fund repurchases under the program from surplus cash on its balance sheet.