Mint Incorporation Limited Eyes Secondary Listing in Hong Kong, But Not in Near Term

Stock News04-13

Mint Incorporation Limited (MIMI.US) Chairman and CEO Chen Hailong stated that with improving market sentiment and a recovery in the retail sector, the company is expected to return to profitability this year. Mint Incorporation Limited is considering fundraising and may introduce other investors, though no specific plans have been made. Additionally, he expressed strong interest in pursuing a secondary listing in Hong Kong but believes it will not happen in the short term. Mint Incorporation Limited is a Hong Kong-based interior design and renovation company undergoing a strategic transformation into an artificial intelligence (AI) and robotics firm. Its operations are divided into two main segments: traditional interior design business, which currently constitutes the majority of revenue, and the new AI/robotics business, which serves as the strategic focus and growth engine. Starting today through Thursday, Mint Incorporation Limited's wholly-owned subsidiary, Axonex Intelligence Limited (AXONEX), is exhibiting six different robot series at the convention center, including the debut of its latest semi-humanoid robot, NEX. It is reported that NEX is a semi-humanoid robot that integrates embodied intelligence powered by NVIDIA Jetson AGX Orin and the self-developed AX-CORE database. Equipped with AI visual recognition and grasping algorithms, it can identify over 100 different scenarios, objects, and actions. Its modular control architecture supports independent and precise coordination of the wheeled chassis, torso arms, and dexterous hands, enabling complex grasping tasks. Chen Hailong anticipates selling 50 to 100 units of NEX this year, targeting markets including Hong Kong, Japan, and Southeast Asia, with each unit priced at approximately tens of thousands of U.S. dollars, primarily focusing on the retail industry.

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