Mint, Yunji Technology and Rice Robotics Partner to Develop Next-Generation Commercial Service Robot

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Mint Incorporation Limited (“Mint” or the “Company”, together with its subsidiaries, the “Group”, NASDAQ: MIMI), a Hong Kong-based company strategically focused on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, announced that on August 22, 2026, its indirect wholly-owned subsidiary, Axonex Intelligence Limited (“AXONEX”), entered into a binding customised structural development contract (the "Development Contract") with Beijing Yunji Technology Co., Ltd. (“Yunji Technology”, Stock Code: 02670.HK) to co-develop a next generation commercial grade service robot. Rice Robotics (Hong Kong) Limited ("Rice Robotics HK"), an indirect majority-owned joint venture entity of the Company, is also a party to the Development Contract.

Under the Development Contract, Yunji will lead the overall system architecture, hardware design, and mass production, integrating AXONEX’s AI intelligence control platform as a core module, while contributing its proven capabilities in productization, supply chain management, and commercial deployment across enterprise-grade service scenarios. Rice Robotics is also a party to the Development Contract, under which it has confirmed that it has authorized and agreed to provide technology licensing and intellectual property support for the new robot. This Development Contract is an early-stage development arrangement, with the Company planning an estimated production volume of approximately 1,000 units during the forthcoming year.

This strategic alliance harnesses Yunji’s proven expertise across commercial and hospitality sectors, Rice Robotics’ established footprint in Japan, and AXONEX’s presence in Singapore. Upon successful completion of development and establishment of manufacturing and distribution networks, the Group aims to penetrate emerging markets across South East Asia, Japan, Hong Kong, Macau and Taiwan, mainland China, as well as the potential geographic expansion ahead.

Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint stated: “This partnership brings together three complementary strengths—AXONEX's AI technology, Yunji's proven robotics excellence, and Rice Robotics’ brand and market reach in Asia. With our AI capabilities at the core, we are creating a service robot that will set new industry standards and further solidify AXONEX's position as a leading AI intelligence provider in the commercial robotics industry.  With a potential market of approximately 1,000 units per year and annual revenue of HK$50‑100 million, the commercial cleaning robot market presents a valuable opportunity."

Mr. Victor Lee, Founder of Rice Robotics, said: “Rice Robotics deep-rooted presence in Japan and across Asia provides the ideal platform for this partnership. We see tremendous growth potential in Southeast Asia and Japan, and this partnership positions us to enter and lead the commercial grade service robotics market in the region.”