Guofu Ye and affiliated entities filed Amendment No. 6 to Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of ordinary shares of MINISO Group Holding Limited as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Guofu Ye reported shared beneficial ownership of 770,041,061 ordinary shares, representing 63.4% of MINISO Group Holding Limited's outstanding shares.
  • Total shares outstanding: The percentage is based on 1,214,041,449 ordinary shares outstanding as of September 30, 2026.
  • Forward contract disclosed: On September 17, 2026, Mini Investments SP1 Limited entered into a prepaid variable share forward contract with an unaffiliated third-party dealer, transferring 21,600,000 ordinary shares as credit support.
  • Shares transferred to subsidiary: In September 2026, Mini Investment Limited transferred 7,600,000 ordinary shares to its wholly owned subsidiary Mini Investments SP1 Limited in connection with the contract.
  • Mini Investment Limited stake: Mini Investment Limited separately reported shared beneficial ownership of 308,140,482 ordinary shares, representing 25.4% of the class.
  • Mini Investments SP1 Limited ownership: Following the transfer of shares under the forward contract, Mini Investments SP1 Limited reported 0.0% beneficial ownership.
  • Joint decision-making: According to the filing, Guofu Ye and his spouse Yunyun Yang "make joint decisions on the exercise of the voting power of the shares owned by them through their holding vehicles."

MINISO Founder Guofu Ye Discloses Ownership Structure and Forward Contract Arrangement

According to the filing, Guofu Ye, a citizen of China, reported shared voting power and shared dispositive power over 770,041,061 ordinary shares of MINISO Group Holding Limited (NYSE:MNSO), constituting 63.4% of the class as of September 30, 2026. The shares are held indirectly through several British Virgin Islands entities: Mini Investment Limited (308,140,482 shares), YGF MC LIMITED (8,936,000 shares, including 96,000 in the form of ADSs), YGF MN LIMITED (195,115,382 shares), and YYY MC LIMITED (257,849,197 shares).

The filing discloses that in September 2026, Mini Investment Limited transferred 7,600,000 ordinary shares to its wholly owned subsidiary, Mini Investments SP1 Limited, in connection with entering into a prepaid variable share forward contract dated September 17, 2026, with an unaffiliated third-party dealer. Pursuant to that contract, Mini Investments SP1 Limited transferred 21,600,000 ordinary shares to the dealer as credit support, and the dealer made a prepayment to Mini Investments SP1 Limited. The filing states that the dealer "subsequently conducted hedging activities with these ordinary shares pursuant to the Contract," and that upon expiration, "Mini Investments SP1 Limited will settle with cash payment or by delivering required number of shares." As a result of these transfers, Mini Investments SP1 Limited reported 0.0% beneficial ownership.

The filing further explains the ownership chain for each holding vehicle. YYY MC LIMITED is wholly owned by YYY Development Limited, whose shares are held by TMF (Cayman) Ltd. on behalf of YYY Trust, with Ms. Yunyun Yang, Guofu Ye's spouse, as settlor. Because Guofu Ye and Ms. Yang make joint decisions on voting power, both are deemed beneficial owners of shares held across all five entities.

What Was Disclosed

Amendment No. 6 to Schedule 13G discloses Guofu Ye's aggregate beneficial ownership of 770,041,061 ordinary shares (63.4%) of MINISO Group Holding Limited as of September 30, 2026, and details a prepaid variable share forward contract entered into by subsidiary Mini Investments SP1 Limited on September 17, 2026.