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 it has entered into a joint venture agreement (the "JV Agreement") with YAS Digital Group Limited ("YAS") to establish YAS Robotics Limited (the "JV Company"), a new Hong Kong-based joint venture company focused on the development, marketing and distribution of robotics and AI related insurance products.
YAS is an insurtech group developing AI-native insurance infrastructure and distribution capabilities across the Asia-Pacific region and is a licensed insurance agency regulated by the Hong Kong Insurance Authority. Pursuant to the JV Agreement, YAS will hold seventy-five percent (75%) and Mint will hold twenty-five percent (25%) of the issued shares of the JV Company.
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