Sec Form 13G Filing - Li Minxin filing for MINISO GROUP HLDG LTD SPONSORE (MNSO) - 2021-02-08

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.   )*

 

MINISO Group Holding Limited

(Name of Issuer)

 

Class A ordinary shares, par value of $0.00001 per share

(Title of Class of Securities)

 

66981J 102 **

(CUSIP Number)

 

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

** CUSIP number 66981J 102 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the New York Stock Exchange under the symbol “MNSO.” Each ADS represents four Class A ordinary shares of the Issuer. No CUSIP number has been assigned to the ordinary shares of the Issuer.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 

1

Name of Reporting Person

Minxin Li

2

Check the Appropriate Box if a Member of a Group

(a)

¨

(b)

¨

3

SEC Use Only

4

Citizenship or Place of Organization

People’s Republic of China

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power

56,151,532(1)

6

Shared Voting Power

0

7

Sole Dispositive Power

56,151,532(1)

8

Shared Dispositive Power

0

9

Aggregate Amount Beneficially Owned by Each Reporting Person

56,151,532

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

¨

11

Percent of Class Represented by Amount in Row 9

6.3% of outstanding Class A ordinary shares. (2) (*The voting power of the shares beneficially owned represent 3.0% of the total outstanding voting power.)

12

Type of Reporting Person
IN

 


(1)                        Represents 56,151,532 Class A ordinary shares directly held by LMX MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. All shares of LMX MC LIMITED are held by TMF (Cayman) Ltd. on behalf of LMX Trust, with TMF (Cayman) Ltd. as the trustee, and Mr. Minxin Li and his family members as beneficiaries. Mr. Minxin Li is deemed to be the controlling person of the trust.

 

(2)                        The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 897,275,873 Class A ordinary shares of the Issuer outstanding as of December 31, 2020.

 

*                                     The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer’s outstanding Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2020. Each holder of our Class A ordinary shares is entitled to one vote per share. Each holder of our Class B ordinary shares is entitled to three votes per share. As of December 31, 2020, the Issuer had 897,275,873 Class A ordinary shares and 328,290,482 Class B ordinary shares outstanding.

 

2


 

1

Name of Reporting Person

LMX MC LIMITED

2

Check the Appropriate Box if a Member of a Group

(a)

¨

(b)

¨

3

SEC Use Only

4

Citizenship or Place of Organization

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power

56,151,532(1)

6

Shared Voting Power

0

7

Sole Dispositive Power

56,151,532(1)

8

Shared Dispositive Power

0

9

Aggregate Amount Beneficially Owned by Each Reporting Person

56,151,532

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

¨

11

Percent of Class Represented by Amount in Row 9

6.3% of outstanding Class A ordinary shares. (2) (*The voting power of the shares beneficially owned represent 3.0% of the total outstanding voting power.)

12

Type of Reporting Person
CO

 


(1)                        Represents 56,151,532 Class A ordinary shares held by LMX MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. All shares of LMX MC LIMITED are held by TMF (Cayman) Ltd. on behalf of LMX Trust, with TMF (Cayman) Ltd. as the trustee, and Mr. Minxin Li and his family members as beneficiaries. Mr. Minxin Li is deemed to be the controlling person of the trust.

 

(2)                        The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 897,275,873 Class A ordinary shares of the Issuer outstanding as of December 31, 2020.

 

*                                     The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer’s outstanding Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2020. Each holder of our Class A ordinary shares is entitled to one vote per share. Each holder of our Class B ordinary shares is entitled to three votes per share. As of December 31, 2020, the Issuer had 897,275,873 Class A ordinary shares and 328,290,482 Class B ordinary shares outstanding.

 

3


 

Item 1(a).

Name of Issuer:


MINISO Group Holding Limited

Item 1(b).

Address of Issuer’s Principal Executive Offices:


25F, Heye Plaza, No.486, Kangwangzhong Road, Liwan District, Guangzhou 510140, Guangdong Province, People’s Republic of China

Item 2(a).

Name of Person Filing:

 

Minxin Li

LMX MC LIMITED

(collectively, the “Reporting Persons”)

Item 2(b).

Address of Principal Business Office or, if none, Residence:

 

The business address of the Reporting Persons is 25F, Heye Plaza, No.486, Kangwangzhong Road, Liwan District, Guangzhou 510140, Guangdong Province, People’s Republic of China

Item 2(c)

Citizenship:


Minxin Li - People’s Republic of China

LMX MC LIMITED - British Virgin Islands

Item 2(d).

Title of Class of Securities:

 

Class A ordinary shares, $0.00001 par value per share, of the Issuer

Item 2(e).

CUSIP Number:

 

66981J 102

 

This CUSIP number applies to the American depositary shares of the Issuer, each representing four Class A ordinary shares of the Issuer. No CUSIP number has been assigned to the ordinary shares of the Issuer.

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:

 

Not applicable

 

4


 

Item 4.

Ownership:

 

The following information with respect to the ownership of Class A ordinary shares of par value of $0.00001 per share of the Issuer by each of the Reporting Persons is provided as of December 31, 2020:

 

Reporting Person

 

Amount
beneficially
owned

 

Percent
of class
(1)

 

Percent of
aggregate
voting power
(2)

 

Sole power
to vote or
direct the
vote

 

Shared power
to vote or to
direct the vote

 

Sole power to
dispose or to
direct the
disposition of

 

Shared power
to dispose or to
direct the
disposition of

 

Minxin Li

 

56,151,532

(3)

6.3

%

3.0

%

56,151,532

(3)

0

 

56,151,532

(3)

0

 

LMX MC LIMITED

 

56,151,532

(4)

6.3

%

3.0

%

56,151,532

(4)

0

 

56,151,532

(4)

0

 

 


(1)         The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 897,275,873 Class A ordinary shares of the Issuer outstanding as of December 31, 2020. In computing the percentage ownership of a Reporting Person, the shares that the Reporting Person has the right to acquire within 60 days, including through the exercise of any option, warrant or other right or the conversion of any other security, after December 31, 2020 have been included.

 

(2)         For each Reporting Person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of Class A and Class B ordinary shares of the Issuer as a single class as of December 31, 2020. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to three votes per share on all matters submitted to them for vote. As of December 31, 2020, the Issuer had 897,275,873 Class A ordinary shares and 328,290,482 Class B ordinary shares outstanding.

 

(3)         Represents 56,151,532 Class A ordinary shares directly held by LMX MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands. All shares of LMX MC LIMITED are held by TMF (Cayman) Ltd. on behalf of LMX Trust, with TMF (Cayman) Ltd. as the trustee, and Mr. Minxin Li and his family members as beneficiaries. Mr. Minxin Li is deemed to be the controlling person of the trust. The business address of LMX MC LIMITED is c/o 25/F, Heye Plaza, No.486, Kangwang Middle Road, Liwan District, Guangzhou 510140, Guangdong province, the People’s Republic of China.

 

(4)         Represents 56,151,532 Class A ordinary shares held by LMX MC LIMITED, a limited liability company incorporated under the laws of British Virgin Islands.

 

Item 5.

Ownership of Five Percent or Less of a Class:

 

Not applicable

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

 

Not applicable

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Controlling Person:

 

Not applicable

 

Item 8.

Identification and Classification of Members of the Group:

 

Not applicable

 

Item 9.

Notice of Dissolution of Group:

 

Not applicable

 

 

Item 10.

Certifications:

 

Not applicable

 

5


 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

A

 

Joint Filing Agreement

 

6


 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 8, 2021

 

 

 

Minxin Li

 

 

 

 

 

/s/ Minxin Li

 

 

 

 

 

LMX MC LIMITED

 

 

 

 

 

 

By:

/s/ Minxin Li

 

Name:

Minxin Li

 

Title:

Director