ADDENTAX GROUP CORP. 8-K

What Happened

• ADDENTAX GROUP CORP. announced on April 22, 2026 that its wholly owned Hong Kong subsidiary, Yingxi Industrial Chain Investment Co., Ltd., entered into a Share Exchange Agreement to acquire 100% of Time Is Loan Limited from seller Ms. OR Shan Shan.
• In exchange for the Target’s equity, the Company will issue 137,790 shares of its common stock (par value $0.001). The board approved the transaction on April 22, 2026. A valuation report dated April 21, 2026 by Valtech Valuation Advisory Limited was used in negotiating the share amount.

Key Details

• Parties: ADDENTAX Group Corp., Yingxi Industrial Chain Investment Co., Ltd. (subsidiary), Time Is Loan Limited (Target), and Ms. OR Shan Shan (Seller).
• Consideration: 137,790 shares of common stock (par $0.001) to the Seller.
• Approvals & timing: Board approval on April 22, 2026; closing subject to customary conditions, including filing a Nasdaq Listing of Additional Shares Notification and satisfaction or waiver of closing conditions.
• Valuation: Share amount negotiated with reference to a Valtech valuation report dated April 21, 2026.

Why It Matters

• This is an acquisition completed via stock issuance rather than cash, which will transfer ownership of the Target to the Company’s Hong Kong subsidiary and increase the Company’s outstanding shares by the amount issued.
• Investors should watch for the Nasdaq listing notification and any future disclosures about the Target’s business, the valuation details, and potential dilution or operational impact once the deal closes.