Mint Inc Ltd

Mint Incorporation Limited announced it has entered into a joint venture agreement with YAS Digital Group Limited to establish YAS Robotics Limited. This new Hong Kong-based joint venture company will focus on the development, marketing, and distribution of robotics and AI-related insurance products. Mint will hold a 25% stake, while YAS Digital Group will hold 75% in the JV, aiming to make AI and robotics safer and more accessible for businesses across Hong Kong and Southeast Asia.

Mint Inc Ltd's wholly-owned subsidiary, Axonex Intelligence Limited, has partnered with YAS, a leading embedded insurance technology company, and a global insurance group. This collaboration aims to develop embedded micro-insurance solutions specifically for commercial robots, a first of its kind in Asia. The initiative seeks to remove a significant barrier to the enterprise adoption of AI-powered robots, accelerating their deployment across Hong Kong and Southeast Asia. The partnership leverages Axonex's robotics data to create usage-based and predictive insurance products, offering a comprehensive "hardware + data + insurance" one-stop service model.

Mint Incorporation Limited announced the resignation of Ms. Lo Chanii Kam from her position as an independent director, effective May 31, 2026. Ms. Kam also stepped down as Chair of the Compensation Committee and a member of the Audit and Nominating Committees to pursue other business commitments, with no disagreements cited. Following her departure, the Board will comprise five directors, maintaining compliance with Nasdaq's Majority Independent Board requirements. Concurrently, Mr. Xunze (Tyler) Xiu, a current independent director, was appointed as the new Chair of the Compensation Committee, effective June 1, 2026.

Mint Incorporation Limited announced a major expansion in its robotics business by forming a new joint venture, Rice Robotics AGI Holding Limited, with Rice Robotics Holdings Limited. Mint contributed approximately HK$15,000,000 to the JV. The joint venture has signed a non-binding Memorandum of Understanding with B.Duck Semk Holdings International Limited to launch B.Duck NAVI, an AI companion robot featuring the iconic B.Duck character, which will debut at Licensing Expo Las Vegas. This strategic move aims to expand Mint's robotics business from the business-to-business (B2B) into the business-to-consumer (B2C) market.

Mint Incorporation Limited announced that its wholly-owned subsidiary, Aspiration X Limited, has entered into a joint venture agreement with Rice Robotics Holdings Limited to establish Rice Robotics AGI Holding Limited. This new British Virgin Islands joint venture company will focus on the development and sales of next-generation AI companion robots for the consumer market. Aspiration X will contribute HK$15,000,000 in funding, human resources, and R&D support, while Rice Robotics will provide technology, intellectual property, and marketing support. The collaboration marks a significant strategic step for Mint to expand its robotics footprint into the consumer space, with the first products expected to launch in Q3 2026 in Asian markets.

Mint Inc Ltd issued 211,879 Class B Ordinary Shares to Deep Vision Enterprise Limited for US$637,755.10 in a private placement on May 26, 2026. The purchase price of US$3.01 per share was determined by the market price of Class A shares on Nasdaq. Deep Vision is a principal shareholder wholly owned by CEO Hoi Lung Chan, making this a related party transaction that the Board and audit committee approved as fair and in the company's best interests.

Mint Incorporation Limited announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The company received formal notification from Nasdaq on May 20, 2026, confirming its Class A ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. This resolves the prior deficiency notice issued on December 19, 2025, well ahead of the June 17, 2026 deadline.

Mint Inc Ltd announced a 1-for-10 reverse stock split of its Class A and Class B ordinary shares, approved by the Board of Directors on March 31, 2026. The split is intended to increase the per-share trading price to meet Nasdaq's minimum bid price requirement of $1.00 for continued listing. Trading on a post-split basis will commence on May 6, 2026, reducing outstanding Class A Ordinary Shares from approximately 20.5 million to 2.05 million.

Mint Inc.'s wholly-owned subsidiary, Axonex Intelligence Limited, is participating in the Hong Kong International Creative & Technology Expo (InnoEX) from April 13-16, 2026. Axonex is showcasing its latest AI and robotics products, including the new production-oriented semi-humanoid robot NEX, which features embodied AI and advanced grasping capabilities. The company is also presenting the AI-powered companion robot FLOKI Minibot M1, co-developed with Rice Robotics, and other smart robots and AI platforms, highlighting its R&D achievements.