Chan Hoi Lung 4

What Happened
Chan Hoi Lung, CEO of Mint Inc Ltd (MIMI), acquired 211,879 Class B ordinary shares on May 18, 2026, at $3.01 per share for a total of approximately $637,756. The shares were purchased in a private placement by Deep Vision Enterprise Limited, a BVI company wholly owned by Mr. Chan; he is deemed to beneficially own the shares held by that entity.

Key Details

• Transaction date: May 18, 2026; Form 4 filed: May 27, 2026 (filed 9 days after the transaction).
• Transaction type: Purchase (private placement) — code P.
• Price: $3.01 per Class B ordinary share; total consideration ≈ $637,756.
• Shares acquired: 211,879 Class B ordinary shares.
• Shares owned after transaction: beneficially owns 474,379 Class B shares through Deep Vision Enterprise Limited (up from 262,500 prior to the purchase).
• Footnote: Purchase was pursuant to a Share Purchase Agreement between the Company and the Shareholder; the $3.01 price equals the Nasdaq closing price for the Company’s Class A shares on May 15, 2026.
• Timeliness: Form 4 appears to have been filed late (filed May 27 for a May 18 transaction); late filings can reduce transparency for investors.

Context
This was a direct purchase from the company in a private placement rather than an open-market buy. Purchases by insiders can be interpreted by some investors as a positive sign, but the filing does not state any motive. The shares are held through an entity wholly owned by the CEO, so the purchase increases his reported beneficial ownership.