Recent Updates — ATXG
Addentax Group Corp. entered into private placement agreements on July 30, 2026, to issue and sell an aggregate of 677,084 shares of common stock at $4.80 per share for gross proceeds of approximately $3.25 million. The investors are Mr. Hong Zhihao (CEO's brother), Mr. Hong Zhiwang (director and CEO's brother), and Mr. Yip Wai Lun, with subscriptions totaling 250,000, 218,750, and 208,334 shares respectively. The transaction was approved as a related party transaction by the Audit Committee on July 29, 2026, and by the Board on the same day. Net proceeds will be used for general corporate purposes, including working capital and potential strategic investments. Addentax Group Corp. operates in the financial technology sector, providing tax compliance and accounting services.
Addentax Group Corp. entered into a Private Placement Agreement with Pinnacle Partners Inc. on July 28, 2026, to issue and sell 250,000 shares of common stock at $4.80 per share for aggregate gross proceeds of approximately $1.2 million. The transaction is exempt from registration under the Securities Act via Regulation S as an offshore offering to a non-U.S. person. Addentax Group Corp. operates in the financial technology and business services industry, providing corporate secretarial, compliance, and advisory solutions.
On July 27, 2026, Addentax Group Corp. entered into a Loan Conversion Agreement with SEAH CHIA YEE to convert $699,885 in principal and $3,500 in accrued interest into 146,539 shares of common stock at a conversion price of $4.80 per share. This transaction will fully satisfy and discharge the loan and all accrued interest. Addentax Group Corp. is a provider of business and technology solutions and services.
Addentax Group Corp. completed a share exchange transaction on June 15, 2026, where its subsidiary Yingxi Industrial Chain Investment Co., Ltd acquired 41.67% of the equity interests of Riches Family Office Limited from Riches FO Holdings Limited and Mr. Wu Rui. In exchange, the Company issued 33,500 shares of common stock to Mr. Wu Rui. Addentax Group Corp. is a Nevada corporation that provides various business services and investment management.