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Mint Incorporation (NASDAQ: MIMI) CEO holds 60% of company voting power

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Mint Incorporation Limited’s CEO and chairman Hoi Lung Chan, through Deep Vision Enterprise Limited, reports beneficial ownership of 180,460 Class A ordinary shares and 474,379 Class B ordinary shares. Based on 2,051,277 Class A and 701,879 Class B shares outstanding, this stake represents 60.09% of the company’s total voting power.

The filing explains that these holdings arose from initial founder issuances, a 1-to-1,400 share split, a subsequent 1-for-10 reverse stock split, and a May 18, 2026 purchase of 211,879 Class B shares for HK$5,000,000 under a Share Purchase Agreement.

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Insights

CEO consolidates majority voting control via high‑vote Class B shares.

The filing shows Hoi Lung Chan, via Deep Vision Enterprise Limited, controlling 180,460 Class A and 474,379 Class B shares, amounting to 60.09% of Mint Incorporation’s voting power. Class B shares carry twenty votes each, giving substantial influence over shareholder decisions.

Control stems from founder issuances, a 1‑to‑1,400 share split, a 1‑for‑10 reverse stock split, and a HK$5,000,000 purchase of 211,879 Class B shares on May 18, 2026. This structure centralizes governance in a single executive, so future company actions will largely reflect this controlling holder’s decisions.

Class A shares beneficially owned 180,460 Class A ordinary shares Beneficially owned by Deep Vision Enterprise and Hoi Lung Chan
Class B shares beneficially owned 474,379 Class B ordinary shares Beneficially owned by Deep Vision Enterprise and Hoi Lung Chan
Voting power held 60.09% of total voting power Based on Class A and Class B shares outstanding
Class A shares outstanding 2,051,277 Class A shares Issued and outstanding as of the filing date
Class B shares outstanding 701,879 Class B shares Used for beneficial ownership calculation
Recent Class B share purchase 211,879 Class B shares Issued May 18, 2026 to Deep Vision Enterprise
Purchase consideration HK$5,000,000 (US$637,755.10) Agreed exchange rate HK$7.84 per US$1.00
Reverse stock split ratio 1-for-10 reverse split Effective May 6, 2026 on issued and outstanding shares
beneficially owned financial
"The aggregate number of ordinary shares beneficially owned by the Reporting Persons is 180,460 Class A Ordinary Shares and 474,379 Class B Ordinary Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
reverse stock split financial
"On May 6, 2026, the Issuer effectuated a reverse stock split of its issued and outstanding shares at a ratio of 1-for-10"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Share Purchase Agreement financial
"issued 211,879 Class B Ordinary Shares to Deep Vision Enterprise Limited at the consideration of HK$5,000,000 ... agreed by the parties in the Share Purchase Agreement"
A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.
pre-IPO shareholder financial
"The Reporting Persons are pre-IPO shareholder of the Issuer."
voting power financial
"representing 60.09% of the voting power of the Issuer."
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.





G6146G117

(CUSIP Number)
Hoi Lung Chan
17/F, Wing Kwok Centre, No.182 Woosung Street, Jordan
Kowloon, K3, 00000
852 2866-1663

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/18/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
*Deep Vision Enterprise Limited (the "Reporting Person") is a business company with limited liability incorporated under the laws of the British Virgin Islands, which is wholly owned by Mr. Hoi Lung Chan, the Chief Executive Officer ("CEO") and Chairman of the Board of Mint Incorporation Limited ("the Issuer"). Mr. Chan has the sole voting and dispositive power over the 180,460 Class A ordinary shares of no par value ("Class A Ordinary Shares") and 474,379 Class B ordinary shares of no par value ("Class B Ordinary Shares") of the Issuer held by the Reporting Person. Each of the Class A Ordinary Shares has one vote per share, while each of the Class B Ordinary Shares has twenty (20) votes per share. **The calculation is based on a total of 2,051,277 Class A Ordinary Shares issued and outstanding as of the date hereof, as reported in the Issuer's shareholder list obtained from the Company's transfer agent.


SCHEDULE 13D




Comment for Type of Reporting Person:
*Deep Vision Enterprise Limited is a business company with limited liability incorporated under the laws of the British Virgin Islands, which is wholly owned by Mr. Hoi Lung Chan (the "Reporting Person"), the CEO and Chairman of the Board of the Issuer. Mr. Chan has the sole voting and dispositive power over the 180,460 Class A Ordinary Shares and 474,379 Class B Ordinary Shares of the Issuer held by Deep Vision Enterprise Limited. Each of the Class A Ordinary Shares has one vote per share, while each of the Class B Ordinary Shares has twenty (20) votes per share. **The calculation is based on a total of 2,051,277 Class A Ordinary Shares issued and outstanding as of the date hereof, as reported in the Issuer's shareholder list obtained from the Company's transfer agent.


SCHEDULE 13D


Deep Vision Enterprise Limited
Signature:/s/ Hoi Lung Chan
Name/Title:Hoi Lung Chan / Director at Deep Vision Enterprise Limited
Date:05/27/2026
Hoi Lung Chan
Signature:/s/ Hoi Lung Chan
Name/Title:Hoi Lung Chan
Date:05/27/2026

FAQ

How many Mint Incorporation (MIMI) shares does Hoi Lung Chan control?

Hoi Lung Chan, through Deep Vision Enterprise Limited, controls 180,460 Class A and 474,379 Class B shares. This combined position gives him significant influence over Mint Incorporation’s decisions via both economic ownership and enhanced voting rights from Class B shares.

What percentage of Mint Incorporation (MIMI) voting power is held by the reporting persons?

The reporting persons collectively hold 60.09% of Mint Incorporation’s voting power. This is calculated using 2,051,277 Class A and 701,879 Class B shares outstanding, with each Class B share carrying twenty votes, effectively giving them majority control of shareholder voting.

What are the voting rights of Mint Incorporation (MIMI) Class A and Class B shares?

Mint Incorporation’s Class A ordinary shares carry one vote per share, while Class B ordinary shares carry twenty votes per share. This dual‑class structure means Class B holders can exercise disproportionately higher voting influence compared with Class A holders at shareholder meetings and elections.

What recent transaction increased Deep Vision Enterprise’s stake in Mint Incorporation (MIMI)?

On May 18, 2026, Mint Incorporation issued 211,879 Class B shares to Deep Vision Enterprise Limited for HK$5,000,000. The agreed exchange rate was HK$7.84 per US$1.00, resulting in consideration of about US$637,755.10 under a Share Purchase Agreement between the parties.

How did share splits affect Mint Incorporation (MIMI) ownership figures?

Mint completed a 1‑to‑1,400 share split on August 19, 2024 and a 1‑for‑10 reverse stock split on May 6, 2026. These actions adjusted total outstanding shares and Deep Vision Enterprise’s holdings but did not change the underlying economic interest, only the number of shares representing that interest.

What is Deep Vision Enterprise Limited’s role in Mint Incorporation (MIMI)?

Deep Vision Enterprise Limited is an investment holding company and a pre‑IPO shareholder of Mint Incorporation. It is wholly owned by CEO Hoi Lung Chan and holds both Class A and Class B shares, giving it significant ownership and voting power aligned with Mr. Chan’s control of the issuer.