MINISO Group Announces Completion of US$550 Million Equity Linked Securities

Core Viewpoint - MINISO Group has successfully completed a Securities Offering of equity linked securities amounting to US$550 million, which will mature in 2032 and allows for cash exchanges after a specified period [1][3]. Group 1: Securities Offering Details - The Securities Offering consists of equity linked securities with a principal amount of US$550 million, maturing on January 14, 2032 [1]. - The Securities bear an interest rate of 0.5% per year, payable semiannually starting July 14, 2025 [3]. - The initial exchange price for the Securities is set at HK$64.395 per Share, representing a 26.1$51.05 [3]. Group 2: Call Spread Transactions - The Company has engaged in Call Spread Transactions, which include lower strike calls and upper strike warrants, allowing for cash settlement and potential share issuance under specific conditions [2]. - The upper strike exercise price is set at HK$102.10 per Share, which is a 100% premium over the Stock Reference Price [2]. Group 3: Regulatory and Market Context - The Securities have received approval in-principle for listing on the Singapore Exchange Securities Trading Limited [4]. - The offering is conducted in compliance with Regulation S under the Securities Act, targeting non-U.S. persons in offshore transactions [5]. Group 4: Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design, with a significant store network established since its inception in 2013 [7]. - The Company emphasizes quality, affordability, and aesthetically pleasing design in its product offerings, appealing to a broad demographic [7].