Mint Incorporation Receives Nasdaq Non-Compliance Notice
Mint Incorporation received a notification letter dated December 19 from the Listing Qualifications Department of The Nasdaq Stock Market, notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's class A ordinary shares, no par value per share was below $1.00 per share for a period of 30 consecutive business days from November 6, to December 18. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until June 17, 2026, to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the minimum bid price requirement by June 17, 2026, the Company may be eligible for an additional 180 calendar day grace period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than 10 business days prior to June 17, 2026 or the expiration of the second compliance period if granted.
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- Compliance Issue: Mint Incorporation Limited received a notification from Nasdaq on December 19, 2025, indicating non-compliance with the minimum bid price requirement due to its Class A ordinary shares closing below $1 for 30 consecutive business days.
- Compliance Period: The company has a compliance period of 180 days until June 17, 2026, during which it must achieve a closing bid price of at least $1 for 10 consecutive business days to regain compliance and mitigate market repercussions.
- Potential Actions: If compliance is not regained within the period, Mint may seek an additional 180-day grace period and consider implementing a reverse stock split to meet Nasdaq's continued listing requirements.
- Operational Impact: The receipt of the notification does not affect Mint's operations, as the company will continue to monitor its share price and evaluate necessary compliance measures to maintain its listing status on Nasdaq.

- Acquisition Announcement: A consortium of private equity firms led by Permira and Warburg Pincus has announced a deal to acquire Clearwater Analytics for approximately $8.4 billion, including debt, indicating strong market interest in investment and accounting software companies.
- Stock Price Reaction: Clearwater Analytics shares surged 7.6% to $23.93 in pre-market trading, reflecting positive investor sentiment regarding the acquisition news, which may enhance the company's future market performance.
- Market Impact: This acquisition not only provides Clearwater Analytics with financial backing but also has the potential to accelerate its technological innovation and market expansion, strengthening its position in the highly competitive software industry.
- Industry Trend: With private equity firms continuing to invest in the software sector, more similar transactions are expected, further consolidating market resources and enhancing industry competitiveness.

Voluntary Lock-Up Agreements: Mint Incorporation Limited and certain shareholders have entered into voluntary lock-up agreements covering approximately 26.7% of Class A ordinary shares and 100% of Class B ordinary shares, effective from September 30, 2025, to March 31, 2026.
Company's Growth Strategy: The CEO of Mint expressed confidence in the company's vision and growth strategy, which focuses on integrating robotics, IoT, and AI technologies to enhance property management and create sustainable value for shareholders.
MINT's New Partnership: Mint Incorporation Limited has been appointed as a subcontractor for Pop Mart Hong Kong Limited, formalized through a maintenance agreement to provide ongoing repairs and air-conditioning services for Pop Mart's retail shop in Hong Kong.
About MINT: MINT is an interior design and fit-out provider based in Hong Kong, focusing on integrated solutions for commercial properties and luxury residential projects, with a portfolio that includes work for various renowned retail brands and organizations.

Warning of Pump-and-Dump Schemes: Edwin Dorsey, author of "The Bear Cave," has highlighted a surge in pump-and-dump stock schemes targeting thinly traded China-based stocks, with specific stocks like QMMM and Cuprina Holdings experiencing extreme price volatility.
Evidence of Manipulation: Stocks mentioned in Dorsey's report have shown significant price increases without substantial news, indicating potential manipulation, prompting Dorsey to launch a website to gather evidence against the scammers.
FLYE Stock Collapse: Fly-E Group, Inc. (FLYE) experienced a dramatic 87% drop in stock price following allegations from The Bear Cave that it was involved in a "pump-and-dump" scheme, leading to significant market capitalization loss.
Investigation and Warning: Edwin Dorsey, the author of The Bear Cave, raised concerns about potential manipulation by overseas actors and warned investors about the risks associated with FLYE, which ultimately resulted in a severe decline in its stock value.






