HONG KONG, May 28, 2026 (GLOBE NEWSWIRE) — Mint Incorporation Limited (“Mint” or the “Company” and its subsidiaries “Group”; NASDAQ: MIMI), a Hong Kong-based company with a strategic focus on artificial intelligence (AI) and robotics and an established provider of interior design and fitout for businesses, today announced that its wholly-owned subsidiary Aspiration X Limited (“Aspiration X”) entered into a joint venture on May 22, 2026. We have reached an agreement with Rice Robotics Holdings Limited (“Rice Robotics”) to establish a new joint venture company in the British Virgin Islands, Rice Robotics AGI Holding Limited (“Rice Robotics AGI”) (the “JV Agreement”). Rice Robotics AGI will focus on developing and selling next-generation AI companion robots. It may also be expanded or modified by Rice Robotics AGI from time to time pursuant to the joint venture agreement.
Pursuant to the JV agreement, Aspiration Meanwhile, Rice Robotics will, inter alia, provide its existing technology, intellectual property, clients, know-how, marketing and sales support to Rice Robotics AGI. The joint venture agreement also contains customary provisions regarding the governance of Rice Robotics AGI, including stockholder consent rights on certain material matters, transfer restrictions, and pre-emption rights related to future issuance of Rice Robotics AGI shares. The establishment of this joint venture marks an important strategic step for Mint to further expand its footprint in the AI companion robot market and is expected to expand the group’s robotics capabilities from B2B applications to the consumer sector.
The partnership brings together Mint’s strategic resources and Rice Robotics’ proven autonomous navigation and AI technology and builds on the successful joint development and delivery of the FLOKI Minibot M1 for commercial applications. Rice Robotics AGI is now expected to channel its technology foundation directly into the consumer sector and focus on developing and commercializing consumer AI companion robots that integrate emotional AI and autonomous navigation to create enjoyable everyday experiences.
Damian Chan, Chairman and CEO of Mintsaid: “The signing of this joint venture agreement through Aspiration Through AGI, we are making dedicated investments and strategic focus to expand our reach into the consumer market at scale. We believe we can meaningfully lower the barrier to adoption and meet the growing demand for intelligent and fun companionship for families.”
Mr. Victor Li, founder of Rice Roboticscommented: “Rice Robotics AGI was founded to accelerate the development and build of consumer AI robots that people truly want in their daily lives. By combining autonomous navigation and interactive AI capabilities, we are excited to take a meaningful step toward making companion robots available to more families through Rice Robotics AGI.”
The first batch of Rice Robotics AGI’s consumer AI companion robots will be initially introduced in Asian markets, with an official launch planned for 2019. Q3 2026. As Rice Robotics AGI’s debut product line, these robots highlight the joint venture’s commitment to making emotional AI companionship warm, accessible, and fun for families around the world.
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Mint Chairman and CEO Damian Zhang and Rice Robotics Founder Victor Li at the joint venture agreement signing ceremony
About Mint Incorporation Limited
Mint Incorporation Limited (NASDAQ: MIMI) is a Nasdaq-listed Hong Kong-based company specializing in artificial intelligence (AI), robotics, and interior design. Mint, through its Aspire X subsidiary, provides intelligent robotics and facility management solutions to businesses, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, which provides professional interior design and renovation services. Mint is committed to improving efficiency, safety, and quality of life across industries with a focus on innovation and practical applications.
About Rice Robotics Holdings Co., Ltd.
Rice Robotics Holdings Limited is a renowned leader in autonomous delivery robot solutions with a strong presence in markets across Asia. Rice Robotics specializes in the design, development, and deployment of intelligent robotic systems for the logistics and service industries. Its core technology platform serves prominent clients in Japan and has demonstrated proven reliability in complex operational environments. With a focus on innovation and real-world applications, Rice Robotics is committed to transforming last-mile delivery and service automation, improving operational efficiency, and redefining the customer experience.
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 our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximately,” “believes,” “hopes,” “anticipates,” “anticipates,” “estimates,” “plans,” “intends,” “plans,” “intends,” “will,” “should,” “could,” “might,” or other similar expressions. We undertake no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances or to reflect changes in our expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company also cautions investors that actual results may differ materially from anticipated results and encourages investors to consider other factors that may affect future results as disclosed in the Company’s filings with the Securities and Exchange Commission (the “SEC”).
