General information and list of principal subsidiaries (Tables)

12 Months Ended

Dec. 31, 2025

General information and list of principal subsidiaries

Summary of principal subsidiaries of entity

Set out below is a list of the Company’s principal subsidiaries as at December 31, 2025:

	Place of		Group’s effective
	incorporation/	Issued	interest
Company name	establishment and business	and paid-up capital	(direct or indirect)	Principal activities
MINISO Universal Holding Limited	BVI	USD-	100%	Investment holding
MINISO Global Holding Limited	BVI	USD-	100%	Investment holding
YGF Investment V Limited	BVI	RMB405,516	100%	Investment holding
MINISO Development Hong Kong Limited	Hong Kong	HKD-	100%	Investment holding and wholesale of lifestyle products
MINISO Investment Hong Kong Limited	Hong Kong	HKD80,100,000	100%	Investment holding and wholesale of lifestyle products
MINISO Hong Kong Limited	Hong Kong	HKD350,000,000	100%	Wholesale of lifestyle products
YGF Investment V Hong Kong Limited	Hong Kong	RMB8,272	100%	Investment holding
MINISO Life Style Private Limited	India	INR669,540,570	100%	Wholesale and retail of lifestyle products
USA MINISO Depot Inc.	United States	USD67,041,441	100%	Wholesale and retail of lifestyle products
Pt. MINISO Lifestyle Trading Indonesia	Indonesia	IDR53,289,350,000	67%	Wholesale and retail of lifestyle products
MIHK Management Inc.	Canada	CAD73,923,820	100%	Wholesale and retail of lifestyle products
Miniso Lifestyle Singapore Private Limited	Singapore	SGD3,000	100%	Wholesale and retail of lifestyle products
MINISO (Guangzhou) Co., Ltd. (i)(ii)	PRC	RMB139,693,019	100%	Wholesale and retail of lifestyle products
MINISO Youxuan Technology (Guangzhou) Co., Ltd. (ii)	PRC	RMB10,000,000	100%	Online sales of lifestyle products
MINISO International (Guangzhou) Co., Ltd. (ii)	PRC	RMB65,000,000	100%	Wholesale of lifestyle products
MINISO (Hengqin) Enterprise Management Co., Ltd. (ii)	PRC	RMB10,000,000	100%	Brand licensing
TOP TOY International Group Limited	Cayman Islands	USD8,800	86.9%	Investment holding
TOP TOY Group Holding Limited	Cayman Islands	USD-	100%	Investment holding
TOP TOY Universal Holding Limited	BVI	USD-	100%	Investment holding
TOP TOY HK Limited	Hong Kong	HKD-	100%	Wholesale of pop toy products
TOP TOY (Guangdong) Cultural Creativity Co., Ltd. (Formerly known as TOP TOY (Guangdong) Technology Co., Ltd.) (ii)	PRC	RMB5,000,000	100%	Wholesale and retail of pop toy products
Mingyou Industrial Investment (Guangzhou) Co., Ltd. (i)(ii)	PRC	RMB2,126,000,000	100%	Development of headquarters building
Guangdong Juncai International Trading Co., Ltd (ii)	PRC	RMB2,808,118,134	100%	Investment holding

Notes:

(i)These entities are wholly-owned foreign companies established in the PRC.

(ii)These entities are limited liability companies established in the PRC.