ATXG Addentax Group Corporation

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 22, 2023

 

Addentax Group Corp.

(Exact name of registrant as specified in its charter)

 

Nevada		001-41478		35-2521028
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

Kingkey 100, Block A, Room 4805,

Luohu District, Shenzhen City, China 518000

(Address of principal executive offices)

 

Registrant’s telephone number, including area code +(86) 755 86961 405

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		ATXG		Nasdaq Capital Market

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Information Contained in this Form 8-K Report

 

Item 8.01. Other Events.

 

On December 22, 2023, Addentax Group Corp. issued a press release to announce the formalization of a nationwide strategic cooperation and signing of a Memorandum of Understanding (MOU) with Zhongjiu Yihe (Shenzhen) Brand Development Co., Ltd., with the goal of establishing a comprehensive brand supply chain, product supply chain, and marketing supply chain service in China.

 

A copy of the press release dated December 22, 2023 is included as Exhibit 99.1 to this report.

 

A copy of the Memorandum of Understanding (MOU) dated December 22, 2023, is included as Exhibit 99.2 to this report.

 

Item 9.01. Exhibits.

 

The exhibits filed or furnished with this report are listed in the following Exhibit Index:

 

Exhibit No.		Description
99.1		Press Release dated December 22, 2023
99.2		Memorandum of Understanding (MOU) dated December 22, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	Addentax Group Corp.
Date: December 22, 2023	By:	/s/ Hong Zhida
		Hong Zhida
		Chief Executive Officer

 

 

 

Exhibit 99.1

 

Addentax Group Corp. Announces Signing of MOU for Strategic Cooperation with Zhongjiu Yihe

 

SHENZHEN, China, December 22, 2023 /PRNewswire/ -- Addentax Group Corp. (“Addentax” or the “Company”) (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management, and subleasing, has announced the formalization of a nationwide strategic cooperation and signing of a Memorandum of Understanding (MOU) with Zhongjiu Yihe (Shenzhen) Brand Development Co., Ltd. (“Zhongjiu Yihe”), a renowned brand management group headquartered in Guangdong.

 

In response to this development, Mr. Hong Zhida, CEO of Addentax, conveyed his appreciation, stating, “We are pleased to enter into this collaboration with Zhongjiu Yihe, an entity known for its excellence in supply chain and brand development.” He further emphasized, “This marks a significant milestone in our commitment to innovative partnerships. Our collaborative vision with Zhongjiu Yihe aims to establish an encompassing brand supply chain, product supply chain, and marketing supply chain service in China. The signing of this MOU signifies the inaugural step towards a future mutually beneficial cooperation agreement.”

 

Ms. Xu Yan, CEO of Zhongjiu Yihe, conveyed her anticipation for the collaboration, stating, “We look forward to partnering with the Addentax team and leveraging their well-established distribution network. Through this expanded distribution network, we aim to connect with our global customer base and explore market opportunities in tandem with Addentax.”

 

Zhongjiu Yihe, as a comprehensive brand service provider, offers an array of services encompassing brand supply chain, product supply chain, and marketing supply chain, with a core focus on the liquor industry, extending into the domain of branded apparel.

 

The formalization of the MOU between Addentax and Zhongjiu Yihe signifies a strategic step forward in collaboration, particularly within the domain of branded apparel. This collaboration also opens avenues for exploration and innovation in various business sectors for Addentax.

 

 

About Addentax Group Corp. Corp.

 

Addentax Group Corp. Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/.

 

Caution Concerning Forward Looking Statements

 

All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that may affect the Company’s future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to Addentax and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the “Risk Factors” section of Addentax’s Annual Report on Form 10-K for the year ended March 31, 2023. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

 

Company Contact:

 

Public Relations Contact:

 

Addentax Group Corp. Corp.

 

Phone: + (86) 755 86961 405

 

simon.ng@zgyingxi.com

 

Investor Relations Contact:

 

Sherry Zheng

 

Weitian Group LLC

 

1-718-213-7386

 

shunyu.zheng@weitian-ir.com

 

 

v3.23.4

Cover	Dec. 22, 2023
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Dec. 22, 2023
Entity File Number	001-41478
Entity Registrant Name	Addentax Group Corp.
Entity Central Index Key	0001650101
Entity Tax Identification Number	35-2521028
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Kingkey 100, Block A
Entity Address, Address Line Two	Room 4805
Entity Address, Address Line Three	Luohu District
Entity Address, City or Town	Shenzhen City
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000
City Area Code	86
Local Phone Number	755 86961 405
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	ATXG
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false

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