Addentax Group to issue 520,834 shares in $2.5 million private placement

Addentax Group Corp. entered into private placement agreements with Chan Kai Sang on September 28, 2026, to issue an aggregate of 520,834 shares of common stock at a purchase price of $4.80 per share. The transaction is expected to generate approximately $2.5 million in gross proceeds for the company.

The filings indicate that Addentax Group intends to use the net proceeds for general corporate purposes, specifically for working capital and potential strategic investments. The agreements include customary representations, warranties, and covenants from both the company and the investor. The closing of the transaction remains subject to the satisfaction or waiver of customary closing conditions outlined in the private placement agreements.

The shares are expected to be issued in reliance on the exemption from registration requirements provided by Regulation S of the Securities Act of 1933. Because the investor is not a U.S. person as defined by Regulation S, the issuance is expected to occur in an offshore transaction. The unregistered shares will bear customary restrictive legends and may not be offered or sold in the United States absent registration or an applicable exemption.

Addentax Group Corp. is incorporated in Nevada and is headquartered in Shenzhen, China. The company's common stock, which carries a par value of $0.001 per share, trades on the Nasdaq Capital Market under the ticker symbol ATXG. Hong Zhida, the chief executive officer, signed the current report on Form 8-K on September 30, 2026.