Hong Kong, March 11, 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, Axonex Intelligence Limited (“AXONEX”) has entered into a joint venture agreement (the “JV Agreement”) with Synergy Technology Group Limited (“STG”) to establish Axonex Automatio ...

Core Insights - Mint Incorporation Limited has successfully delivered the first prototype of the FLOKI Minibot M1, marking its entry into the consumer robotics market [2][4] - The FLOKI Minibot M1 is designed as an AI-powered companion robot with features such as smart reminders, proactive notifications, and personalized interaction [3][4] - The collaboration with Rice Robotics Holdings Limited enhances Mint's capabilities in robotics R&D and positions the company to capitalize on the growing demand for AI-powered companions [5][6] Company Overview - Mint Incorporation Limited is a Hong Kong-based company listed on NASDAQ, focusing on AI, robotics, and interior design [8] - The company operates through its subsidiary Axonex Intelligence Limited, providing intelligent robotics and facility management solutions [8] Product Development - The FLOKI Minibot M1 was co-developed with Rice Robotics, showcasing at the British Education Training and Technology Show in early 2026 [5][11] - Mint and Rice Robotics have formalized an agreement to deliver up to 800 units of the FLOKI Minibot M1 by the end of Q1 2026 [5] Market Strategy - The launch of the FLOKI Minibot M1 aligns with Mint's strategy to seize opportunities in the expanding "Physical AI" market [6] - Future enhancements for the FLOKI Minibot M1 are planned for sectors such as education, hospitality, and entertainment, broadening its commercial potential [4][6]

Core Viewpoint - Mint Incorporation Limited is entering a strategic joint venture with Rice Robotics Holdings Limited to develop localized robotic technologies and enhance R&D capabilities in Hong Kong, with an initial investment of approximately HK$10,000,000 [1][2]. Group 1: Joint Venture Details - The joint venture aims to accelerate the development and deployment of intelligent robotic solutions, leveraging Mint's established presence in Southeast Asia and Rice Robotics' expertise in delivery robots [2]. - The collaboration is strategically timed to capitalize on the shift towards "Physical AI," combining Rice Robotics' hardware with Mint's AI platform to create innovative robotic solutions [3]. Group 2: Company Profiles - Mint Incorporation Limited specializes in AI, robotics, and interior design, providing intelligent robotics and facility management solutions to various sectors, including enterprises and government agencies [5]. - Rice Robotics Holdings Limited is a leader in autonomous delivery robot solutions, focusing on logistics and service industries, with a strong market presence in Asia and proven reliability in complex operational environments [6].

Core Viewpoint - Mint Incorporation Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as the closing bid price of its Class A Ordinary Shares was below $1.00 for 30 consecutive business days [1][2]. Group 1: Compliance Notification - The Notification Letter was issued on December 19, 2025, indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) [1]. - The Company has a compliance period of 180 calendar days, until June 17, 2026, to regain compliance by having a closing bid price of at least $1.00 for a minimum of 10 consecutive business days [3]. - If compliance is not regained by the deadline, the Company may be eligible for an additional 180-day grace period, provided it meets other listing requirements [4]. Group 2: Company Operations and Strategy - The operations of Mint Incorporation Limited are not affected by the Notification Letter, and the Company plans to monitor its share price closely [5]. - The Company may consider options such as a reverse stock split to regain compliance with Nasdaq's minimum bid price requirement [5]. - Mint is diversifying into advanced technology sectors through its subsidiary Axonex Intelligence Limited, which focuses on smart facility management solutions using robotics, IoT, and AI [6]. - The Company also provides integrated interior design and fit-out services through its subsidiary Matter International Limited, serving various commercial and residential clients in Hong Kong [6].

Group 1 - The core point of the article highlights the significant decline in the stock prices of several Chinese concept stocks, with Mint leading the drop at 19.35% [1] - Mint's latest price is reported at 0.3867, with a decrease of 0.0928 and a trading volume of 1.6381 million [1] - 宁圣国际 (NISN) saw a decline of 18.75%, with its latest price at 1.430, down by 0.330, and a trading volume of 0.4431 million [1] - 1药网 (YI) experienced a drop of 14.17%, with a current price of 3.170, down by 0.523, and a trading volume of 0.1464 million [1] - SOS Ltd fell by 13.18%, with its latest price at 1.910, down by 0.290, and a trading volume of 0.3045 million [1] - 星辉新发展 (SFHG) decreased by 11.22%, with a price of 0.8567, down by 0.1083, and a trading volume of 0.2222 million [1]

Core Insights - Several companies have emerged as top gainers in recent market movements, showcasing significant price changes and trading volumes, indicating investor confidence and potential for future growth [1][6] Company Summaries - **Luminar Technologies, Inc. (LAZR)**: Stock price increased by 108.23% to $0.45 with trading volume over 618 million shares, driven by advancements in sensor technologies for autonomous vehicles; however, the company faced bankruptcy [2][7] - **Mint Incorporation Limited (MIMI)**: Stock price rose by 75.63% to $0.48, with trading volume around 69 million shares, supported by focus on 3D technical drawing and design services in Hong Kong; voluntary lock-up agreements with shareholders until March 31, 2026 were announced [3][7] - **Autozi Internet Technology (Global) Ltd. (AZI)**: Stock price climbed by 59.01% to $2.41, with trading volume exceeding 76 million shares; a $90 million initial investment from strategic investor CDIB at $3.50 per share boosted investor confidence [4][7] - **Syntec Optics Holdings, Inc. (OPTXW)**: Stock price increased by 52.75% to $0.21, with trading volume around 264,000 shares; the company's contributions to biomedical and defense sectors enhanced its market presence [5][7]

Core Viewpoint - Chinese concept stocks experienced significant declines, with notable drops in several companies' stock prices, indicating potential volatility in this sector [1] Group 1: Stock Performance - Mingzhu Logistics (YGMZ) saw a dramatic drop of 82.38%, closing at 0.187, with a trading volume of 5.5968 million [1] - INNO Holdings (INHD) fell by 43.98%, ending at 0.2695, with a trading volume of 50.1026 million [1] - Tongcheng Tongmei (VSA) decreased by 22.78%, closing at 0.1454, with a trading volume of 7.2197 million [1] - Huato Financial (WTF) dropped by 20.34%, finishing at 2.820, with a trading volume of 0.8505 million [1] - Mint (MIMI) declined by 17.00%, closing at 0.4600, with a trading volume of 1.0841 million [1]

Group 1 - The top gainers among Chinese concept stocks include: Antelope Holdings up 109.09%, Zhongjin Ke Industrial up 40.68%, Mint up 25.84%, Cheetah Mobile up 22.52%, and Oriental Culture up 21.88% [1][1][1] Group 2 - Antelope Holdings (AEHL) latest price is 2.530 with a gain of 109.09%, increasing by 1.320, and a trading volume of 234 million [1][1][1] - Zhongjin Ke Industrial (ZIK) latest price is 3.320 with a gain of 40.68%, increasing by 0.960, and a trading volume of 13.6943 million [1][1][1] - Mint (MIMI) latest price is 0.5542 with a gain of 25.84%, increasing by 0.1138, and a trading volume of 6.9008 million [1][1][1] - Cheetah Mobile (CMCM) latest price is 7.890 with a gain of 22.52%, increasing by 1.450, and a trading volume of 440.7 thousand [1][1][1] - Oriental Culture (OCG) latest price is 2.730 with a gain of 21.88%, increasing by 0.490, and a trading volume of 61.6 thousand [1][1][1]

Core Viewpoint - Chinese concept stocks experienced significant declines, with several companies reporting steep drops in their stock prices. Group 1: Stock Performance - Oriental Culture (OCG) saw a decline of 24.96%, closing at 2.240, with a drop of 0.745 and a trading volume of 230,800 [1] - Mint (MIMI) fell by 21.74%, ending at 0.900, down 0.250, with a trading volume of 2,545,700 [1] - Huami Technology (ZEPP) decreased by 20.41%, closing at 27.730, down 7.110, with a trading volume of 22,257,600 [1] - Dingxin Holdings (DXST) dropped by 19.81%, closing at 0.922, down 0.228, with a trading volume of 38,800 [1] - Skyline Construction Group (SKBL) fell by 18.37%, ending at 3.310, down 0.745, with a trading volume of 2,646,600 [1]

Group 1 - The article reports significant declines in the stock prices of several Chinese concept stocks, with Shanyou International leading the drop at 54.86% [1] - Other notable declines include Yueshang Holdings at 45.59%, Shangao Life Sciences at 39.59%, Mint at 35.03%, and Hengfeng Technology Innovation at 24.85% [1] - The trading volumes for these stocks vary, with Yueshang Holdings having the highest at 171 million, while Hengfeng Technology Innovation had the lowest at 1.05 million [1] Group 2 - Shanyou International's latest price is reported at 1.160, reflecting a decrease of 1.410 [1] - Yueshang Holdings is priced at 0.0740, down by 0.0620 [1] - Shangao Life Sciences is trading at 0.2477, with a drop of 0.1623 [1] Group 3 - Mint's current price is 1.150, down by 0.620 [1] - Hengfeng Technology Innovation is priced at 8.860, reflecting a decrease of 2.930 [1] - The overall trend indicates a bearish sentiment in the market for these Chinese concept stocks [1]