MINISO Group Holding Ltd., a company incorporated in the Cayman Islands, has recently issued a voluntary announcement to clarify media reports regarding a potential spin-off listing. The company is conducting a preliminary assessment on the possibility of separately listing its pop toy business, operated under the brand "TOP TOY," to optimize shareholder value. This proposed plan is still in its early stages and may not proceed, as it is subject to various factors, including market conditions. The company has emphasized that there is no assurance regarding the timing, listing venue, or other specifics of the proposed plan. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.