Ye Guofu 4

What Happened

• Ye Guofu, CEO of MINISO Group Holding Ltd (MNSO), made multiple open-market purchases totaling 2,100,000 ordinary shares for aggregate consideration of $6,901,010. Transactions reported: 1,300,000 shares at $3.27 ($4,256,590) and 650,000 shares at $3.30 ($2,142,010) on 2026-05-29, and 150,000 shares at $3.35 ($502,410) on 2026-06-01. These were purchases (acquisitions), which for retail investors are typically interpreted as insider buying rather than selling.

Key Details

• Transaction dates and prices:
  • 2026-05-29: 1,300,000 @ $3.27 (total $4,256,590) and 650,000 @ $3.30 (total $2,142,010)
  • 2026-06-01: 150,000 @ $3.35 (total $502,410)
• Aggregate: 2,100,000 shares for $6,901,010.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • Reported USD prices are weighted averages; purchases occurred in multiple open-market trades in Hong Kong and were converted from HK$ to US$ at HK$7.80 = US$1.00 (see ranges in footnotes F1, F4, F6).
  • Ownership structure and beneficial ownership details provided (complex Cayman/ trustee arrangements; spouse Yunyun Yang is a deemed beneficial owner per F2–F3).
  • F5 notes 96,000 ordinary shares are held as American Depositary Shares (ADS), each ADS representing four ordinary shares.
• Filing timeliness: Report filed 2026-06-02 for transactions on 2026-05-29 and 2026-06-01 — appears timely under Form 4 reporting rules (no late filing flag in the excerpt).

Context

• These were straight open-market purchases (transaction code P). The filing includes weighted-average and HKD price ranges rather than per-trade prices; the reporting person offered to provide detailed per-trade pricing on request.
• The filing does not state motivations; purchases simply show the insider acquired more stock. For retail investors, insider purchases can be one data point to consider alongside company fundamentals and broader market factors.