FORM 1 - Individual Substantial Shareholder Notice
 
Form Serial Number: IS20260903E00349
1. Date of relevant event: 02/09/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 00100
4. Name of listed corporation: MiniMax Group Inc. - W 
5. Class of shares: Ordinary Shares 
6. Number of issued shares in class: 268,132,774
7. Name of substantial shareholder (English) as printed on HKID Card/Passport:
(Surname) Ho
(Other names) Chi Sing
10. Name of substantial shareholder (Chinese):  
11. Chinese Character Code as printed on HKID Card:
 
14. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position 
1213The percentage level of your interest in the shares has reduced because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
 
2201Interest of corporation controlled by you
 
2201Interest of corporation controlled by you
 
1,959,238         
 
Short position 
 
 
 
           
15. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position13,839,7215.95
 
16. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position11,880,4834.43
 
17. Capacity in which interests disclosed in Box 16 are held:
Capacity codeNumber of shares
2201Interest of corporation controlled by you
Long position11,880,483
 
18. Further information in respect of derivative interests:
Derivatives codeNumber of shares
  
 
19. Further information in relation to interests of children under 18 and/or spouse:
Child/SpouseName of child/spouseNumber of shares
 
 
20. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling shareholder% controlDirect interest (Y/N)Number of shares
Lingham Beauty LimitedVistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin IslandsIDG Breyer Capital Fund L.P.100.00Y
Long position4,817,351
IDG Breyer Capital Fund L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG Breyer Capital Fund GP Associates L.P.100.00N
Long position4,817,351
IDG Breyer Capital Fund GP Associates L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG Breyer Capital Fund GP Associates Ltd.100.00N
Long position4,817,351
IDG Breyer Capital Fund GP Associates Ltd.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsHo Chi Sing50.00N
Long position4,817,351
IDG Breyer Capital Fund L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG Breyer Capital Fund GP Associates L.P.100.00Y
Long position707,320
IDG Breyer Capital Fund GP Associates L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG Breyer Capital Fund GP Associates Ltd.100.00N
Long position707,320
IDG Breyer Capital Fund GP Associates Ltd.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsHo Chi Sing50.00N
Long position707,320
Forever Gain LimitedVistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin IslandsIDG Capital Project Fund Rhododendron L.P.100.00Y
Long position478,100
IDG Capital Project Fund Rhododendron L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG Capital Project Fund Rhododendron GP L.P.100.00N
Long position478,100
IDG Capital Project Fund Rhododendron GP L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG Capital Project Fund Rhododendron GP Ltd.100.00N
Long position478,100
IDG Capital Project Fund Rhododendron GP Ltd.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsHo Chi Sing50.00N
Long position478,100
Cosmic Station LimitedVistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin IslandsIDG China Venture Capital Fund VI L.P.100.00Y
Long position5,476,265
IDG China Venture Capital Fund VI L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG China Venture Capital Fund VI Associates L.P.100.00N
Long position5,476,265
IDG China Venture Capital Fund VI Associates L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG China Venture Capital Fund VI Associates Ltd100.00N
Long position5,476,265
IDG China Venture Capital Fund VI Associates LtdCHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsHo Chi Sing50.00N
Long position5,476,265
Seasonal Charm LimitedVistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin IslandsIDG China VI Investors L.P.100.00Y
Long position401,447
IDG China VI Investors L.P.CHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsIDG China Venture Capital Fund VI Associates Ltd100.00N
Long position401,447
IDG China Venture Capital Fund VI Associates LtdCHK Corporate Services Limited, Suite SW5, The Grand Pavilion Commercial Centre, 802 West Bay Road, PO Box 31311, Grand Cayman KY1-1206, Cayman IslandsHo Chi Sing50.00N
Long position401,447
 
21. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
Zhou QuanAddresses of individuals are not displayed.
Long position6,355,812
Yang FeiAddresses of individuals are not displayed.
Long position5,524,671
 
22. Further information from a trustee, a beneficiary of a trust, or a person who has set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
 
23. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
 
24. Supplementary information: The percentage level of interest in shares has decreased due to a transfer of shares as part of a redemption by investors.
25. Log/Serial Number of the previous form:
26. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 1: 03/09/2026
(dd/mm/yyyy)