MiniMax Group Inc. (0100) Secures HKEX Commercial Status; “P” Marker Dropped, New Short Name “MINIMAX-W” Effective 18 Mar 2026

Bulletin Express03-13

MiniMax Group Inc. announced that Hong Kong Exchanges and Clearing Limited has approved its transition from a Pre-Commercial Company to a Commercial Company under Chapter 18C of the Listing Rules, following FY2025 revenue that met the HK$250.00 million threshold.

Key implications of the approval:

1. Stock marker removal and trading name change • The “P” marker, which denotes Pre-Commercial status, will be removed. • From 9:00 a.m. on 18 Mar 2026, Class A ordinary shares will trade under the new short name “MINIMAX-W” instead of “MINIMAX-WP”. • The stock code remains 0100; existing share certificates, board lot size, trading currency, and registrar arrangements are unchanged.

2. Updated lock-up expiries • Founders and close associates: 79.10 million shares (25.22 % of issued capital) remain restricted until 8 Jan 2027. • Other executive management: 12.39 million shares (3.94 %) locked until 8 Jan 2027. • Pathfinder SIIs (miHoYo affiliates): 17.93 million shares (5.72 %) locked until 8 Jul 2026. • IDG-related SIIs: 7.84 million shares (2.50 %) locked until 8 Jul 2026. • The above restrictions comply with Rule 18C.23 and voluntary undertakings disclosed in the prospectus.

3. Capital structure snapshot • Total shares in issue: 313.64 million, comprising 232.53 million Class A and 81.10 million Class B shares. • Weighted voting rights remain with the founders, Dr. Yan and Ms. Yun.

Management states that the upgrade to Commercial Company status reflects the Group’s revenue scale and eliminates the additional marker previously attached to its shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Stock marker removal and trading name change  \n   • The “P” marker, which denotes Pre-Commercial status, will be removed.  \n   • From 9:00 a.m. on 18 Mar 2026, Class A ordinary shares will trade under the new short name “MINIMAX-W” instead of “MINIMAX-WP”.  \n   • The stock code remains 0100; existing share certificates, board lot size, trading currency, and registrar arrangements are unchanged.\n2. Updated lock-up expiries  \n   • Founders and close associates: 79.10 million shares (25.22 % of issued capital) remain restricted until 8 Jan 2027.  \n   • Other executive management: 12.39 million shares (3.94 %) locked until 8 Jan 2027.  \n   • Pathfinder SIIs (miHoYo affiliates): 17.93 million shares (5.72 %) locked until 8 Jul 2026.  \n   • IDG-related SIIs: 7.84 million shares (2.50 %) locked until 8 Jul 2026.  \n   • The above restrictions comply with Rule 18C.23 and voluntary undertakings disclosed in the prospectus.\n3. 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