Mint Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

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].