Overview of the Strategic Partnership

On February 10, 2026, Mint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based enterprise specializing in artificial intelligence (AI), robotics, and interior design, announced a significant step towards expanding its robotics footprint. Its wholly-owned subsidiary, Aspiration X Limited, has entered into a non-binding Memorandum of Understanding (MOU) with Rice Robotics Holdings Limited, a leading autonomous delivery robotics firm. This agreement aims to explore the creation of a joint venture, initially capitalized with approximately HK$10 million funded by Mint, pending final contract negotiations.

The collaboration is designed to foster the development of localized robotic technologies and enhance research and development (R&D) capabilities within Hong Kong, positioning the city as a hub for physical AI innovation.

Combining Strengths for Market Expansion

The joint venture seeks to accelerate the creation and deployment of intelligent robotic solutions by leveraging the complementary strengths of both companies. Mint brings extensive experience in Southeast Asia, including smart office implementations in Singapore and security robot projects in Thailand and Malaysia. Meanwhile, Rice Robotics contributes its advanced delivery robot technology and a strong client base in Japan’s competitive market.

By integrating Mint’s AI platform and commercial expertise with Rice Robotics’ hardware and operational know-how, the partnership aims to broaden market reach across Asia and beyond, targeting both business-to-business (B2B) and business-to-consumer (B2C) sectors. This includes developing robots designed for companionship, education, and everyday assistance, powered by sophisticated AI algorithms.

Leadership Perspectives on the Collaboration

Damian Chan, Chairman and CEO of Mint, emphasized the strategic importance of the alliance: “Hong Kong is often recognized for its fintech prowess, but we see immense potential for it to become a leader in tangible AI and robotics innovation. Unlike many local companies that primarily serve as sales agents, our partnership with Rice Robotics focuses on cultivating proprietary technology domestically. Their proven delivery robotics platform and prestigious Japanese clientele impressed us greatly. This collaboration diversifies our robotics portfolio and opens new avenues in consumer robotics powered by our advanced AI capabilities.”

Victor Lee, Founder of Rice Robotics, highlighted the synergy: “Mint’s rapid growth in AI and robotics across Southeast Asia makes them an ideal partner. Their dedicated commercial teams and AI infrastructure will significantly boost our joint R&D efforts and market penetration. Together, we envision establishing the foremost robotics company in Hong Kong, contributing to the diversification and advancement of the regional technology ecosystem. This joint venture will act as a catalyst for innovation and growth for both organizations.”

Capitalizing on the Physical AI Revolution

The timing of this partnership aligns with the global shift towards “Physical AI” – intelligent systems capable of autonomous reasoning, planning, and interaction within real-world environments. By merging Rice Robotics’ proven robotic hardware with Mint’s cutting-edge AI platform, the joint venture is uniquely positioned to lead this transformative wave.

Both companies are committed to creating smarter, more intuitive robotic solutions that address practical challenges, improve daily living, and pave the way for next-generation autonomous technologies. This initiative reflects a broader trend in the robotics industry, where integration of AI and robotics is driving innovations in sectors such as logistics, healthcare, and consumer services.

Company Profiles

Mint Incorporation Limited

Mint Incorporation Limited (NASDAQ: MIMI) is a Hong Kong-based company listed on NASDAQ, focusing on AI, robotics, and interior design services. Through its subsidiary Aspiration X, Mint delivers intelligent robotics and facility management solutions to a diverse clientele, including enterprises, real estate developers, shopping malls, and government bodies. Additionally, Mint operates Matter International Limited, which offers professional interior design and renovation services. The company is dedicated to driving innovation that enhances operational efficiency, safety, and quality of life across multiple industries.

Rice Robotics Holdings Limited

Rice Robotics Holdings Limited is a prominent player in the autonomous delivery robotics sector, with a strong presence throughout Asia. The company specializes in designing, developing, and deploying intelligent robotic systems tailored for logistics and service industries. Its technology platforms have been successfully implemented by high-profile clients in Japan, demonstrating reliability in complex operational settings. Rice Robotics is committed to revolutionizing last-mile delivery and service automation, improving operational efficiency, and elevating customer experiences.

Important Notice on Forward-Looking Statements

This announcement contains forward-looking statements that involve inherent risks and uncertainties. These statements are based on current expectations and projections regarding future events that may impact the company’s financial condition, operational results, business strategies, and capital requirements. Investors should recognize terms such as “anticipates,” “expects,” “intends,” “plans,” “projects,” and similar expressions as indicators of forward-looking statements. The company undertakes no obligation to update these statements publicly to reflect new information or future events unless required by law. Actual outcomes may differ materially from those anticipated, and investors are encouraged to consider additional risk factors disclosed in the company’s filings with regulatory authorities.