Mint (NASDAQ: MIMI) and Rice Robotics signed a non-binding MOU on Feb 9, 2026 to explore a strategic joint venture focused on Physical AI and localized robotics R&D in Hong Kong. Mint intends to fund an initial investment of ~HK$10,000,000 through subsidiary Aspiration X, subject to definitive agreements.
The partnership combines Mint’s Southeast Asia deployments and AI platform with Rice Robotics’ delivery-robot expertise and Japanese client base to pursue B2B and new B2C use cases (companionship, education, daily-life robots).
Loading…
Loading translation…
Positive
Initial JV investment of approximately HK$10,000,000 funded by Mint
Expands Mint into Physical AI and new B2C robotics markets
Leverages Rice Robotics’ proven delivery platform and Japan client base
Builds on Mint’s Southeast Asia deployments and AI platform
Negative
MOU is non-binding and subject to definitive agreements and conditions
Initial investment amount is approximate and may change in negotiations
Initial JV investment
HK$10,000,000
Proposed Mint-funded contribution under non-binding MOU
Share price
$0.257
Latest price before MOU announcement
52-week high
$13.69
52-week range high vs current $0.257
52-week low
$0.25
52-week range low, near current trading level
Market cap
$6,453,225
Equity value prior to MOU news
Today’s volume
56,404 shares
Trading volume on news day
20-day avg volume
277,020 shares
Average liquidity vs current session
AL Holding stake
1,943,400 shares (9.663%)
Class A ownership per Schedule 13G/A
$0.2570
Last Close
Volume
Volume 56,404 is well below 20-day average of 277,020 (relative volume 0.2x).
low
Technical
Shares at 0.257 are trading below the 200-day MA of 4.82 and sit 98.12% under the 52-week high of 13.69, near the 0.25 52-week low.
MIMI slipped 0.39% while peers were mixed: ONEG +8.87%, ESOA +3.4%, SHIM +6.08%, SLND -0.54%, SKBL -4.3%. Moves do not show a unified sector trend.
Date
Event
Sentiment
Move
Catalyst
Dec 23
Nasdaq bid deficiency
Negative
-4.0%
Nasdaq notification for failing to meet $1.00 minimum bid price.
Oct 02
Shareholder lock-ups
Positive
-2.8%
Voluntary lock-up agreements by key shareholders signaling commitment.
Sep 24
New service contract
Positive
-2.4%
Appointment as subcontractor for POP MART Hong Kong maintenance services.
Pattern Detected
Recent history shows negative price reactions to both operational wins and shareholder-supportive actions, with only clearly adverse regulatory news aligning with a selloff.
Recent Company History
Over the last few months, Mint has reported several notable developments. A December 19, 2025 Nasdaq notice flagged a minimum $1.00 bid deficiency, and shares fell 4.03%. Earlier, on October 2, 2025, voluntary lock-ups covering 4,811,800 Class A and 7,000,000 Class B shares still saw a 2.75% decline. Even a subcontractor win with Pop Mart on September 24, 2025 coincided with a 2.36% drop. Against this backdrop, today’s AI-focused JV MOU extends the pivot toward robotics and smart solutions.
This announcement details a non-binding MOU for a Mint-funded JV of HK$10,000,000 with Rice Robotics to pursue “physical AI” solutions across Asia. It extends prior moves such as forming Axonex subsidiaries and a robotics joint venture, deepening the shift away from solely interior fit-out work. Investors may track progress from MOU to definitive agreements, capital allocation versus Mint’s $6.45M market cap, and how new AI/robotics revenues evolve given the prior Nasdaq $1.00 bid-price deficiency and restructuring of key shareholdings.
memorandum of understanding
regulatory
“has signed a non-binding Memorandum of Understanding (“MOU”) to explore”
A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.
joint venture
financial
“intend to establish a joint venture with an initial investment”
A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.
r&d
technical
“expanding related research and development (“R&D”) capabilities in Hong Kong”
Research and development (R&D) is the work a company does to discover new products, improve existing ones, or develop better ways of making things — like a kitchen testing recipes to create a hit dish. For investors it matters because R&D is where future sales and competitive advantages are born, but it also uses cash and carries risk, so R&D spending and outcomes signal a company’s growth potential and uncertainty.
schedule 13g/a
regulatory
“received an updated Schedule 13G/A from AL Holding Group Limited”
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
form 6-k
regulatory
“Mint Incorporation Limited reported a series of group updates. Its operating subsidiary”
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
form 20-f
regulatory
“Mint Incorporation Limited Files Annual Report (Foreign Issuer)”
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
reverse stock split
financial
“which could include completing a reverse stock split no later than”
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
internet of things (iot)
technical
“using robotics, Internet of Things (IoT), and artificial intelligence (AI) technologies”
The internet of things (IoT) describes a network of everyday objects—such as appliances, vehicles, and devices—that are connected to the internet and can share data automatically. This connectivity enables these objects to function more efficiently and provides valuable insights for businesses and consumers alike. For investors, IoT represents a growing area of technological innovation with the potential to transform industries and create new market opportunities.
AI-generated analysis. Not financial advice.
02/09/2026 – 08:00 AM
Hong Kong, Feb. 09, 2026 (GLOBE NEWSWIRE) — Mint Incorporation Limited (“Mint” or the “Group”, NASDAQ: MIMI), a Hong Kong-based company with a new strategic focus on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, today announced that its wholly-owned subsidiary, Aspiration X Limited (“Aspiration X”), has signed a non-binding Memorandum of Understanding (“MOU”) to explore the formation of a strategic joint venture with a renowned delivery robotics company, Rice Robotics Holdings Limited (“Rice Robotics”). Under the MOU, both parties intend to establish a joint venture with an initial investment of approximately HK$10,000,000 to be funded by Mint, subject to the negotiation and execution of definitive agreements. The proposed collaboration centers on a shared goal of developing localized robotic technologies and expanding related research and development (“R&D”) capabilities in Hong Kong.
At its core, the proposed joint venture aims to accelerate the development and deployment of intelligent robotic solutions. Mint brings its established footprint in Southeast Asia—including smart office solutions in Singapore and security robot deployments in Thailand and Malaysia—while Rice Robotics contributes its expertise in delivery robots and a robust presence in Japan, serving prestigious clients. The parties intend to leverage their respective strengths in terms of R&D, marketing, and branding to achieve expansive market coverage.
Commenting on the strategic initiative, Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint stated: “This partnership provides a compelling response to the question, ‘Why not Hong Kong?’ While the city is renowned for fintech and finance, we believe it has the talent and vision to be a leader in physical AI and robotics innovation. Many local firms act mainly as sales channels, but together with Rice Robotics, we are building core proprietary technology here. We were impressed by Rice Robotics’ proven delivery robotics platform and its network of high-profile clients in Japan. This partnership significantly diversifies and strengthens our robotics portfolio, allowing us to move beyond B2B into the promising B2C space—developing robots for companionship, education, and daily life, powered by our robust AI.”
Mr. Victor Lee, Founder of Rice Robotics, added: “Mint’s rapid expansion in AI and robotics across Southeast Asia makes it an ideal partner. Its dedicated commercial teams and AI platform will dramatically accelerate our joint R&D and market expansion. We share a bold vision to build the most anticipated robotics company in Hong Kong and drive meaningful diversification in the region’s tech ecosystem. This joint venture will serve as a strategic accelerator for both companies.”
The collaboration is strategically timed to capitalize on the transformative shift towards “Physical AI”—systems capable of reasoning, planning, and acting autonomously in the real world. By combining Rice Robotics’ proven robotics hardware and market expertise with Mint’s advanced AI platform, the joint venture will occupy a unique position at the forefront of this revolution. Both partners are committed to developing smarter, more intuitive robotic solutions that address real-world challenges, enhance everyday life, and set the stage for the next generation of autonomous technology.
The MOU is non-binding and subject to the execution of definitive agreements and satisfaction of customary conditions.
-End-
About Mint Incorporation Limited
Mint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based company listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary Aspiration X, the company delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.
Rice Robotics Holdings Limited
Rice Robotics Holdings Limited is a renowned leader in autonomous delivery robot solutions, with a strong market presence across Asia. The company specializes in the design, development, and deployment of intelligent robotic systems for logistics and service industries. Its core technology platforms serve high-profile clients in Japan, demonstrating proven reliability in complex operational environments. With a focus on innovation and real-world application, Rice Robotics is committed to transforming last-mile delivery and service automation, enhancing operational efficiency and redefining customer experiences.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.
FAQ
What did Mint (MIMI) announce in the Feb 9, 2026 MOU with Rice Robotics?
They signed a non-binding MOU to explore a joint venture in Hong Kong focused on Physical AI and robotics. According to Mint, Aspiration X plans an initial investment of approximately HK$10,000,000 funded by Mint, subject to negotiation of definitive agreements and customary conditions.
How much will Mint (MIMI) initially invest in the proposed joint venture with Rice Robotics?
Mint intends to fund an initial investment of approximately HK$10,000,000 for the joint venture. According to Mint, this amount is subject to final negotiation and execution of definitive agreements and may change during formal deal structuring.
What strategic benefits does the Rice Robotics MOU bring to Mint (MIMI)?
The MOU aims to diversify Mint’s robotics portfolio into B2C and Physical AI applications. According to Mint, the deal combines its Southeast Asia footprint and AI platform with Rice Robotics’ hardware expertise and Japanese client relationships to accelerate R&D and market reach.
Is the Mint–Rice Robotics joint venture agreement legally binding right now?
No, the agreement is currently a non-binding MOU and not legally binding. According to Mint, any joint venture depends on definitive agreements, satisfied customary conditions, and final negotiated terms before becoming binding.
How will the proposed JV affect Mint’s market expansion and product focus (MIMI)?
The JV is intended to accelerate Mint’s expansion into robotics R&D and new consumer applications like companionship and education robots. According to Mint, the collaboration leverages combined R&D, marketing, and branding strengths to pursue broader regional market coverage.