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.
