Addentax Group Enters $2.5M Private Placement with Investor

What Happened
Addentax Group Corp. announced on September 9, 2026 that it entered into private placement agreements to sell an aggregate of 520,834 shares of common stock to investor Chan Chun Hong at $4.80 per share, for gross proceeds of approximately $2.5 million. The company filed the agreement on Form 8-K (filed September 14, 2026). The closing is subject to customary conditions in the agreements.

Key Details

• Investor: Chan Chun Hong (private placement purchaser).
• Shares and price: 520,834 common shares at $4.80 per share.
• Proceeds and use: ~ $2.5 million gross; intended for general corporate purposes, including working capital and possible strategic investments.
• Regulatory treatment: Shares expected to be issued relying on Regulation S (unregistered under the U.S. Securities Act) and therefore may not be offered or sold in the United States without registration or an applicable exemption.
• Documentation: Private Placement Agreement filed as Exhibit 10.1 to the Form 8-K; closing subject to satisfaction or waiver of customary closing conditions.

Why It Matters
This transaction provides Addentax with immediate capital (about $2.5M) that management says will support operations and potential strategic actions. Because the shares are being issued in an unregistered offshore placement under Regulation S, U.S. resale is restricted unless registered or exempt — a detail relevant for liquidity and transferability. Investors should note the issuance increases the company's outstanding shares by 520,834, which may dilute existing shareholders; the filing does not include financial results or other operational details.