| 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.
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