Recently, legal documents related to labor disputes between Chen and MINISO Group Holding Limited (Hengqin) Enterprise Management Co., Ltd. were announced, according to App.

Documents show that the plaintiff Chen position is a purchasing manager, the defendant MINISO Group Holding Limited company found that Chen accepted the supplier invitation, that Chen seriously violated the company system, to be dismissed. Chen had initiated arbitration, but except for the request to pay two days' wages, claims such as compensation for breach of contract were rejected. In this regard, Chen sued to the court.

After the trial, the court held that MINISO Group Holding Limited did not specify in the rules and regulations that "accepting the supplier's food invitation" was a serious violation and was dismissed. In addition, MINISO Group Holding Limited company failed to prove that Chen accepted bribes, and Chen accepted three invitations from suppliers (two boxed lunches, one seafood meal, and the seafood meal money was returned later). It is not enough to conclude that it constitutes a commercial bribe. MINISO Group Holding Limited company is an illegal termination of the labor contract. In the end, the court ruled that MINISO Group Holding Limited paid Chen more than 2, 000 yuan in two days' wages and more than 740000 yuan in liquidated damages.

MINISO Group Holding Limited will return to Hong Kong to list in 2022 and has hired UBS and BofA to arrange the listing, according to media reports. MINISO Group Holding Limited officially declined to comment.

Since MINISO Group Holding Limited listed at the offering price of US $20 per share in NJJ on October 15, 2021, its share price rose to US $35.21 on February 9, 2021, setting a record high. As of December 24, 2021, MINISO Group Holding Limited closed at US $10.07 per share, which has fallen below the issue price, down more than 63% for the year. (article | Tianyu, AI Financial Service)