MINISO has provided supplementary information regarding its renewed Procurement of Cosmetics and Beauty Products Framework Agreement with Wow Colour Beauty. The pricing policy ensures fair and reasonable terms based on market rates, with product prices determined by comparing procurement costs against third-party supplier quotations and considering guideline sale prices for branded products.The company has adopted a new business strategy in November 2024 to increase third-party branded cosmetics procurement, responding to growing market demand. This is reflected in the significant increase in the 2024 annual cap compared to the historical transaction amount of approximately RMB46,000 for the first ten months of 2024. The transaction amounts are expected to stabilize from 2025 onwards as MINISO plans to establish direct procurement channels with third-party brands.The company has implemented comprehensive internal control measures, including a dedicated product selection committee, comparative supplier quote analysis, regular transaction reviews, and monthly monitoring of transaction amounts. Independent non-executive Directors will conduct annual reviews to ensure transactions comply with normal commercial terms and serve shareholders' interests.

MINISO has provided supplementary information regarding its renewed Procurement of Cosmetics and Beauty Products Framework Agreement with Wow Colour Beauty. The pricing policy ensures fair and reasonable terms based on market rates, with product prices determined by comparing procurement costs against third-party supplier quotations and considering guideline sale prices for branded products.The company has adopted a new business strategy in November 2024 to increase third-party branded cosmetics procurement, responding to growing market demand. This is reflected in the significant increase in the 2024 annual cap compared to the historical transaction amount of approximately RMB46,000 for the first ten months of 2024. The transaction amounts are expected to stabilize from 2025 onwards as MINISO plans to establish direct procurement channels with third-party brands.The company has implemented comprehensive internal control measures, including a dedicated product selection committee, comparative supplier quote analysis, regular transaction reviews, and monthly monitoring of transaction amounts. Independent non-executive Directors will conduct annual reviews to ensure transactions comply with normal commercial terms and serve shareholders' interests.