SAN FRANCISCO--(BUSINESS WIRE)--$MNSO #InvestorAlert--National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP urges investors who purchased or otherwise acquired the American Depository Shares (�ADSs�) of MINISO Group Holding Limited (�MINISO� or the �Company�) (NYSE: MNSO) issued in connection with MINISO�s Initial Public Offering (�IPO�) contact our attorneys immediately regarding pending securities class litigation against MINISO. The deadline to apply to be a lead plaintiff is October 17, 2022.

Class Period: Investors in MINISO�s October 2020 IPO

Lead Plaintiff Motion Deadline: October 17, 2022

For more information: https://www.lieffcabraser.com/securities/MINISO

Contact Lieff Cabraser: Email [email protected], or call or text 1-800-541-7358

Background on the MINISO Securities Class Litigation

MINISO, headquartered in Guangzhou, China, is a retailer that serves consumers globally through its large network of stores. On October 15, 2020, MINISO conducted its IPO, issuing approximately 30,400,000 ADS at $20.00 per share.

The action alleges that MINISO misrepresented and failed to disclose in its IPO registration statement material adverse information about MINISO�s business, operations, and prospects.

On July 26, 2022, Blue Orca Capital published a report claiming that contrary to MINISO�s statements that 99% of its stores in China are operated by independent franchisees, (1) defendants and other undisclosed related parties owned and controlled many more MINISO stores than previously stated; (2) as a result, the Company concealed its true costs; (3) MINISO did not represent its true business model; (4) defendants, including the Company and its Chairman, engaged in planned unusual transactions, at least one of which put MINISO at risk of breaching contracts with Chinese authorities; and (5) MINISO lowered its franchise fees by 63% in the previous two years to attract franchisees. On this news, MINISO�s ADS price fell $1.08 per ADS, or 14.9%, to close at $6.13 on July 26, 2022, well below its IPO price of $20.00, on unusually heavy trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a �Plaintiffs� Powerhouse� by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $124 billion in verdicts and settlements. Lieff Cabraser is committed to ensuring access to justice for all.

Contacts

Sharon Lee

Lieff Cabraser Heimann & Bernstein, LLP

415-956-1000

[email protected]