ADDENTAX GROUP CORP. 8-K

What Happened

• Addentax Group Corp. announced it completed the transaction under a Share Exchange Agreement dated April 22, 2026, by which its Hong Kong subsidiary Yingxi Industrial Chain Investment Co., Ltd acquired 100% of the equity of Time Is Loan Limited. The closing occurred on May 15, 2026.
• In exchange for the target, the Company issued 137,790 shares of its common stock (par value $0.001) to the seller, Ms. OR Shan Shan.

Key Details

• Acquisition closed: May 15, 2026.
• Agreement date: April 22, 2026.
• Consideration: 137,790 shares of Addentax common stock issued to the seller.
• Issuance treatment: Shares were issued in reliance on Regulation S (offshore transaction); the seller is not a “U.S. person.”
• Reported in the 8-K under Item 2.01 (completion of acquisition) and Item 3.02 (unregistered sale of equity securities).

Why It Matters

• The company now wholly owns Time Is Loan Limited through its Hong Kong subsidiary, which could affect Addentax’s business operations, assets and future disclosures depending on the target’s activities.
• The transaction was paid in stock, so investors should note the issuance increases the company’s outstanding shares and may dilute existing shareholders proportionally.
• The filing does not disclose financial terms beyond the share count or detail the target’s financial results; investors should watch for future filings (e.g., pro forma financials or operating results) for information on the acquisition’s financial impact.