ADDENTAX GROUP CORP. 8-K

What Happened

• Addentax Group Corp. filed an 8-K reporting that on March 24, 2026 its Compensation Committee approved fully vested awards of common stock under the company’s 2024 Equity Incentive Plan. The Committee approved 1,000,000 shares for Wu Rui (Chief Operating Officer) and 183,335 shares for Hong Zhida (President, CEO, Secretary and Director). The grants are expected to have a grant date of April 8, 2026 and will be fully vested and non-forfeitable as of that date.
• The company previously disclosed a 1-for-15 reverse stock split expected to be effective March 30, 2026; the number of shares subject to these grants will be proportionately adjusted to reflect that reverse split.

Key Details

• Approval date: March 24, 2026; expected grant date: April 8, 2026.
• Awards: 1,000,000 shares to COO Wu Rui; 183,335 shares to CEO Hong Zhida (subject to adjustment for 1-for-15 reverse split).
• Vesting: Grants will be fully vested and non-forfeitable on the grant date.
• Authority and documents: Awards made under the Addentax 2024 Equity Incentive Plan and governed by the company’s Share Award Agreement (form filed as Exhibit 10.1).

Why It Matters

• These awards will increase the number of shares issued to insiders once the grants are made (subject to the reverse split adjustment), which may affect share count and insider ownership percentages.
• Because the grants are fully vested and non-forfeitable, there is no future performance or service condition tied to these shares; that is a concrete change in potential outstanding shares rather than a long-term incentive that vests over time.
• Investors should note the timing around the announced reverse stock split (1-for-15 effective March 30, 2026) and how it will proportionally change the reported share amounts.