Mint (NASDAQ: MIMI) backs HK$15M Rice Robotics AGI JV and B.Duck NAVI
Rhea-AI Filing Summary
Mint Incorporation Limited reports that its subsidiary Aspiration X has signed a definitive joint venture agreement with Rice Robotics to create Rice Robotics AGI Holding Limited, a British Virgin Islands company focused on next‑generation AI companion robots. Aspiration X and its nominee(s) will contribute HK$15,000,000 plus staff and R&D support, while Rice Robotics contributes three operating companies, technology, IP, clients, and commercial know‑how. Ownership of the joint venture will be 87.5% for Aspiration X and 12.5% for Rice Robotics, with a four‑member board split evenly between them, supported by typical shareholder protections and pre‑emptive rights.
The new platform targets a shift from enterprise robotics into consumer markets. Through Rice Robotics AGI, Mint also signed a non‑binding MOU with subsidiaries of B.Duck Semk to license the popular B.Duck character for AI companion robots. The first model, B.Duck NAVI, is planned as a consumer‑oriented robot combining emotional AI, voice interaction, and autonomous navigation, with an initial launch in Asian markets and a global debut at Licensing Expo Las Vegas in May 2026, followed by an official product launch planned for Q3 2026.
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Insights
Mint commits HK$15M to a consumer-focused AI robot JV with branded IP support.
Mint is formalizing its move from enterprise robotics into consumer AI companion robots through Rice Robotics AGI. Aspiration X will own 87.5% of the joint venture and fund it with HK$15,000,000, while Rice Robotics contributes operating subsidiaries, technology, and customers.
The structure gives Mint economic control but balanced board representation, with standard shareholder consent and pre‑emptive rights that help protect both partners. The strategy leans heavily on Rice Robotics’ autonomous navigation and AI capabilities plus B.Duck’s brand recognition to address family and parent‑child markets.
Planned timing centers on B.Duck NAVI’s debut at Licensing Expo Las Vegas in May 2026 and an official launch in Q3 2026. Execution will depend on converting trade‑show visibility and licensed IP into sustained consumer demand and scaling production and support through the joint venture structure.
Key Figures
Key Terms
joint venture agreement financial
AI companion robots technical
Memorandum of Understanding financial
intellectual property financial
business-to-consumer (B2C) market financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number: 001-42462
Mint Incorporation Limited
17/F, Wing Kwok Centre, No.182 Woosung Street
Jordan, Kowloon, Hong Kong
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Entry into A Material Definitive Agreement; Formation of Joint Venture
As previously disclosed in the Report on Form 6-K furnished by Mint Incorporation Limited, a company incorporated in the British Virgin Islands (the “Company”) on February 9, 2026, the Company’s wholly-owned subsidiary, Aspiration X Limited, a company incorporated in the British Virgin Islands (“Aspiration X”) has signed a non-binding Memorandum of Understanding (“MOU”) with a renowned delivery robotics company, Rice Robotics Holdings Limited (“Rice Robotics”), relating to the proposed formation of a joint venture company (the “Joint Venture”).
On May 22, 2026, Aspiration X and Rice Robotics entered into a joint venture agreement (the “JV Agreement”), pursuant to which the parties agreed to form and operate the Joint Venture through a private limited company incorporated under the laws of the British Virgin Islands to be named “Rice Robotics AGI Holding Limited”. Upon formation, the Joint Venture will be owned as to 87.5% by Aspiration X and/or its nominee(s) and 12.5% by Rice Robotics. The board of directors of the Joint Venture will consist of four members, of whom two will be nominated by Aspiration X and two will be nominated by Rice Robotics.
The Joint Venture will focus on the development and sales of the next generation of AI companion robots, or as may be expanded or changed by the Joint Venture from time to time in accordance with the JV Agreement.
Pursuant to the JV Agreement, Aspiration X and/or its nominee(s) will contribute HK$15,000,000 in funding, as well as provide human resources and research and development support to the Joint Venture. On the other hand, Rice Robotics has agreed to transfer or otherwise procure the transfer of three companies, namely RICE ROBOTICS (HONG KONG) LIMITED, a company incorporated in Hong Kong with limited liability, RICE AI HOLDING LIMITED, a company incorporated under the laws of the British Virgin Islands, and RICE ROBOTICS KK, a joint stock corporation (Kabushiki kaisha) organized under the laws of Japan, to the Joint Venture. Rice Robotics will also provide the Joint Venture with its existing technology, intellectual property, clients, know-how and marketing and sales support. The JV Agreement also contains customary provisions relating to governance of the Joint Venture, including shareholder consent rights for certain significant matters, transfer restrictions, and pre-emptive rights in connection with future issuances of shares of the Joint Venture.
On May 28, 2026, the Company issued a press release entitled “Mint and Rice Robotics Launch Joint Venture to Expand AI Companion Robot Business with HK$15M in funding”. A copy of this press release is furnished herewith as Exhibit 99.1.
On the same day, the Company issued another press release entitled “Mint’s New JV Rice Robotics AGI Integrates Fan-Favorite B.Duck IP for Companion Robot Debut at Licensing Expo Las Vegas”. A copy of this press release is furnished herewith as Exhibit 99.2.
This report, including Exhibits 99.1 and 99.2 hereto, is incorporated by reference into the Company’s registration statement on Form F-3, as amended, filed with the Securities and Exchange Commission on May 19, 2026 (File No. 333-296027) and shall be deemed to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended March 31, 2025, filed with the Commission on July 30, 2025, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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Exhibit Index
| Exhibit Number |
Description of Exhibit | |
| 99.1 | Press Release - Mint and Rice Robotics Launch Joint Venture to Expand AI Companion Robot Business with HK$15M in funding, dated May 28, 2026 | |
| 99.2 | Press Release - Mint’s New JV Rice Robotics AGI Integrates Fan-Favorite B.Duck IP for Companion Robot Debut at Licensing Expo Las Vegas, dated May 28, 2026 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: May 28, 2026 | Mint Incorporation Limited | |
| By: | /s/ Hoi Lung Chan | |
| Name: | Hoi Lung Chan | |
| Title: | Chief Executive Officer and Chairman of the Board | |
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Exhibit 99.1
 |
 |
Mint and Rice Robotics Launch Joint Venture to
Expand AI Companion
Robot Business with HK$15M in funding
Hong Kong, May 28, 2026 (GLOBE NEWSWIRE) -- 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, today announced that on May 22, 2026, its wholly-owned subsidiary, Aspiration X Limited (“Aspiration X”), has entered into a joint venture agreement (the “JV Agreement”) with Rice Robotics Holdings Limited (“Rice Robotics”) to establish Rice Robotics AGI Holding Limited (“Rice Robotics AGI”), a new British Virgin Islands joint venture company. Rice Robotics AGI will focus on the development and sales of the next generation of AI companion robots, or as may be expanded or changed by Rice Robotics AGI from time to time in accordance with the JV Agreement.
Pursuant to the JV Agreement, Aspiration X and/or its nominee(s) will contribute HK$15,000,000 in funding, as well as provide human resources and research and development support to Rice Robotics AGI. On the other hand, Rice Robotics will, among other things, provide Rice Robotics AGI with its existing technology, intellectual property, clients, know-how and marketing and sales support. The JV Agreement also contains customary provisions relating to governance of Rice Robotics AGI, including shareholder consent rights for certain significant matters, transfer restrictions, and pre-emptive rights in connection with future issuances of shares of Rice Robotics AGI. The establishment of this joint venture marks a significant strategic step by Mint to further expand its footprint in the AI companion robot market, expected to extend the Group’s robotics capabilities from business-to-business applications into the consumer space.
The collaboration brings together Mint’s strategic resources with Rice Robotics’ proven autonomous navigation and AI technology, building on the successful co-development and delivery of the FLOKI Minibot M1 for commercial applications. Rice Robotics AGI is now expected to channel that technical foundation directly into the consumer arena, focusing on developing and commercializing consumer-oriented AI companion robots that integrate emotional AI and autonomous navigation to create joyful everyday experiences.
Mr. Damian Chan, Chairman and Chief Executive Officer of Mint, said: “The signing of this joint venture agreement through Aspiration X represents a deliberate and decisive acceleration of our companion robot strategy. With the successful delivery of the FLOKI Minibot M1, we saw firsthand the enormous potential in AI companionship. Now, through Rice Robotics AGI, we are committing dedicated investment and strategic focus to expand our reach into the consumer market at scale. We believe we can meaningfully lower adoption barriers and serve the growing demand for intelligent, joyful companionship in family settings.”
Mr. Victor Lee, Founder of Rice Robotics, commented: “Rice Robotics AGI was created to accelerate the development of, and build, consumer-ready AI robots that people genuinely want in their daily lives. Combining autonomous navigation with interactive AI capabilities, we are excited to take a meaningful step toward making companion robots accessible to more families through Rice Robotics AGI.”
Rice Robotics AGI’s first batch of consumer-ready AI companion robots is expected to be introduced initially in Asian markets, with an official launch planned for Q3 2026. As Rice Robotics AGI’s debut product line, these robots underscore the joint venture’s commitment to making emotional AI companionship warm, accessible and joyful for families worldwide.
Photo Caption
Mr. Damian Chan, Chairman and Chief Executive Officer of Mint, and Mr. Victor Lee, Founder of Rice Robotics, at the signing of the JV Agreement
About Mint Incorporation Limited
Mint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based company listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary, Aspiration X, Mint delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.
About Rice Robotics Holdings Limited
Rice Robotics Holdings Limited is a renowned leader in autonomous delivery robot solutions, with a strong market presence across Asia. Rice Robotics specializes in the design, development, and deployment of intelligent robotic systems for logistics and service industries. Its core technology platforms serve high-profile clients in Japan, demonstrating proven reliability in complex operational environments. With a focus on innovation and real-world application, Rice Robotics is committed to transforming last-mile delivery and service automation, enhancing operational efficiency and redefining customer experiences.
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 the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”).
Media Enquiries
Strategic Financial Relations Limited
| Vicky Lee | Tel: (852) 2864 4834 | E-mail: vicky.lee@sprg.com.hk |
| Rachel Ko | Tel: (852) 2114 2370 | E-mail: rachel.ko@sprg.com.hk |
| Cherrie Man | Tel: (852) 2864 4846 | E-mail: cherrie.man@sprg.com.hk |
Exhibit 99.2
[For Immediate Release]
 |
 |
Mint’s New JV Rice Robotics AGI Integrates Fan-Favorite B.Duck IP for Companion Robot Debut at Licensing Expo Las Vegas
Hong Kong, May 28, 2026 (GLOBE NEWSWIRE) -- 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, today announced a major step forward in its robotics business expansion. Following the successful delivery of FLOKI Minibot M1, the Group has established a new joint venture with Rice Robotics Holdings Limited (“Rice Robotics”) — Rice Robotics AGI Holding Limited (“Rice Robotics AGI”). The joint venture has signed a non-binding Memorandum of Understanding (“MOU”) with certain subsidiaries of B.Duck Semk Holdings International Limited (“B.Duck Semk”, together with its subsidiaries, the “B.Duck Group”, HKEX: 2250), the owner of Hong Kong’s iconic original intellectual property (IP) character B.Duck, to commence the launch of a new AI companion robot, B.Duck NAVI, which will make its global debut at Licensing Expo Las Vegas.
Under the MOU, B.Duck Semk will, subject to the negotiation and execution of a definitive agreement, grant Rice Robotics AGI an IP license for the development and commercialization of AI companion robots featuring the B.Duck character. The collaboration is intended to create a deep strategic partnership that begins with IP licensing and expand into broader co-development initiatives over time.
Under the proposed collaboration, B.Duck NAVI is planned as the joint venture’s inaugural AI companion robot model. Its name, derived from the word “navigation,” underscores its autonomous walking functionality. The robot integrates AI-powered emotional companionship, voice interaction, intelligent learning, and daily life assistance, designed as an intelligent daily companion for family consumers. This collaboration will mark Mint’s strategic move to expand its robotics business from business-to-business (B2B) into the business-to-consumer (B2C) market, fully embracing the growth potential of AI companion robots.
Photo Caption
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B.Duck NAVI is planned as the first flagship product under the newly formed joint venture, Rice Robotics AGI Holding Limited, representing Mint’s strategic move to expand its robotics business from B2B into the B2C market.
Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint, said: “Following the successful delivery of the first prototype of the AI companion robot FLOKI Minibot M1, co-developed with Rice Robotics, we have recognized the immense potential of AI companion robots. To accelerate our expansion, we have established Rice Robotics AGI with Rice Robotics, with Mint contributing approximately HK$15,000,000 to drive its development. This joint venture is Mint’s key vehicle for extending its robotics business from the commercial sector into the mass consumer space. B.Duck NAVI will be the very first deliverable of this strategic layout. We are also extremely excited to collaborate with B.Duck Group, a true icon of Hong Kong’s original IP scene. Leveraging B.Duck’s deeply ingrained brand influence and extensive fan base, B.Duck NAVI will effectively lower the barrier to consumer adoption of AI robots and accelerate our penetration into the parent-child and family consumer market. Unlike FLOKI Minibot M1, which was primarily aimed at commercial applications and enterprise clients, B.Duck NAVI was designed with the consumer market in mind — combining B.Duck’s iconic and endearing image with advanced AI and autonomous navigation technology, targeting home settings and younger consumers, with the aim of opening up the mass market for emotional companionship needs.”
Mr. Victor Lee, Founder of Rice Robotics and Chief Executive Officer of Rice Robotics AGI, said: “Rice Robotics AGI was created to accelerate the building of consumer-ready AI robots that people genuinely want in their daily lives. B.Duck NAVI is positioned to be the first expression of this mission — combining a beloved IP with real autonomous navigation and interactive AI capabilities. We’re excited to debut B.Duck NAVI at Licensing Expo Las Vegas, which will represent a meaningful step toward making companion robots accessible to more families.”
Mr. Ha Lam Hui, Chairman of the Board and Chief Executive Officer of B.Duck Semk, said: “B.Duck has been a beloved part of Hong Kong’s creative culture for over two decades. This collaboration with Rice Robotics AGI marks a pivotal moment — the first time our iconic character steps into the world of AI companion robotics. What begins as an IP licensing partnership envisioned under the MOU is built on a foundation for much deeper strategic cooperation. By combining B.Duck’s proven brand equity and fan base across Asia with Rice Robotics AGI’s autonomous navigation and emotional AI technology, we are creating something genuinely new: an AI companion that families will welcome into their homes not as a gadget, but as a friend. B.Duck NAVI embodies our shared vision — making emotional AI companionship warm, accessible, and joyful. We are proud to debut this product at Licensing Expo Las Vegas, a global stage where the world’s most influential brands come together, and we look forward to bringing B.Duck NAVI to families across Asia and beyond.”
B.Duck NAVI will make its debut at Licensing Expo Las Vegas, scheduled for 19–21 May 2026 at the Mandalay Bay Convention Center — the world’s largest and most influential brand licensing event, attracting leading IP licensors and licensees from around the world annually.
The MOU is non-binding and is subject to the execution of a definitive agreement.
- End-
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About Mint Incorporation Limited
Mint Incorporation Limited (NASDAQ: MIMI), a Hong-Kong based enterprise listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary, Aspiration X Limited, Mint delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.
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 the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”).
| Media Enquiries | ||
| Strategic Financial Relations Limited | ||
| Vicky Lee | Tel: (852) 2864 4834 | E-mail: vicky.lee@sprg.com.hk |
| Rachel Ko | Tel: (852) 2114 2370 | E-mail: rachel.ko@sprg.com.hk |
| Cherrie Man | Tel: (852) 2864 4846 | E-mail: cherrie.man@sprg.com.hk |
| B.Duck Semk Holdings International Limited Investor Relations | ||
| Kai Wong | Tel: (852) 2469 9599 | E-mail: bduckir@semk.net |
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