Mint signs robot development deal with Yunji Technology

Mint Incorporation Limited (NASDAQ: MIMI) announced that its indirect wholly-owned subsidiary, Axonex Intelligence Limited, signed a binding development contract on August 22, 2026, with Beijing Yunji Technology Co., Ltd. (Stock Code: 02670.HK) to co-develop a next-generation commercial grade service robot.

Rice Robotics (Hong Kong) Limited, an indirect majority-owned joint venture of Mint, is also a party to the contract and will provide technology licensing and intellectual property support for the new robot.

Under the agreement, Yunji Technology will lead overall system architecture, hardware design, and mass production, while integrating Axonex's AI intelligence control platform as a core module. Yunji Technology will also contribute to productization, supply chain management, and commercial deployment.

Mint described the contract as an early-stage development arrangement, with the company planning an estimated production volume of approximately 1,000 units during the forthcoming year. The company cited an annual revenue potential of HK$50–100 million from the commercial cleaning robot market.

Upon completion of development and establishment of manufacturing and distribution networks, the group stated it aims to target markets across Southeast Asia, Japan, Hong Kong, Macau, Taiwan, and mainland China.

Damian Chan, Chairman and Chief Executive Officer of Mint, said: "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."

Victor Lee, Founder of Rice Robotics, said: "Rice Robotics deep-rooted presence in Japan and across Asia provides the ideal platform for this partnership."

Mint is a Hong Kong-based company listed on Nasdaq, focused on artificial intelligence, robotics, and interior design services. The information in this article is based on a press release issued by Mint Incorporation Limited.

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