ADDENTAX GROUP CORP. Announces $2.5M Private Placement

What Happened

• On September 28, 2026, Addentax Group Corp. entered into Private Placement Agreements with investor Mr. Chan Kai Sang to sell 520,834 shares of common stock at $4.80 per share, for aggregate gross proceeds of approximately $2.5 million.
• The company says net proceeds will be used for general corporate purposes, including working capital and potential strategic investments. The issuance is expected to rely on the Regulation S exemption and the shares have not been registered under the U.S. Securities Act.

Key Details

• Investor: Mr. Chan Kai Sang.
• Shares to be issued: 520,834 common shares.
• Price per share: $4.80; Aggregate gross proceeds: ≈ $2.5 million.
• Closing is subject to customary conditions; issuance is expected to be offshore under Regulation S (unregistered for U.S. public resale).

Why It Matters

• The transaction provides Addentax with near-term capital to support operations and pursue strategic opportunities.
• Because the shares are being sold unregistered under Regulation S, they are intended for non-U.S. investors and may not be resold in the U.S. without registration or an exemption.
• The issuance will increase the company’s outstanding shares (dilution for existing shareholders) once the placement closes; the filing does not state the current total share count or the closing date.