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): February 06, 2024

 

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

 

On February 06, 2024, 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 Shenzhen Tamir Cultural Tourism Development Co., Ltd. The collaboration aims to launch a “Tourism-As-A-Service” platform utilizing Artificial Intelligence (“AI”) and blockchain tools, with the goal of incubating local and overseas pan-entertainment and tourism services.

 

A copy of the press release dated February 06, 2024, is included as Exhibit 99.1 to this report.

 

A copy of the MOU dated February 06, 2024, 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 February 06, 2024
99.2		Memorandum of Understanding dated February 06, 2024
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: February 06, 2024	By:	/s/ Hong Zhida
		Hong Zhida
		Chief Executive Officer

 

 

 

Exhibit 99.1

 

Addentax Group Corp. is Launching “Tourism-As-A-Service” Platform with Artificial Intelligence and Block-Chain Tools to Incubate Local and Overseas Pan-Entertainment and Tourism Services

 

SHENZHEN, China, February 06, 2024 /PRNewswire/ — Addentax Group Corp. (“Addentax” or the “Company”) (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has announced the formalization of a strategic cooperation and the signing of a Memorandum of Understanding (the “MOU”) with Shenzhen Tamir Cultural Tourism Development Co., LTD (“Tamir”), a leading full block-chain service provider for Chinese cultura commercial tourism and rural revitalization in the People’s Republic of China (“PRC”). Through the integration of top-level designs, investments, development, financing, construction, promotion, operation, and training, Tamir is creating a pan-tourism development and operation service platform with Artificial Intelligence (“AI”) and block-chain tools. Its comprehensive business coverage spans across China, with involvement in more than 15 cities in the PRC and the successful completion of a total of 18 high-quality projects in various cities in the PRC.

 

Tamir will collaborate with Addentax, especially for Addentax’s formerly announced Games-as-a-Service (“GaaS”) project, which focuses on the development of Artificial Intelligence (“AI”) Online Operational Tools (the “AI project”) since June 2023. This collaboration aims to build a brand-new “Tourism-as-a-Service” platform, further enhancing efficiency in its full-chain tourism service with AI and block-chain tools.

 

Addentax and Tamir have entered into a collaboration to establish strategic cooperation in both the PRC and overseas regions. Both sides will allocate resources to build comprehensive brand supply chains, product supply chains, and marketing supply chains in the PRC and oversea markets, utilizing AI and block-chain tools in the brand-new “Tourism-as-a-Service” platform.

 

“We are more than happy to witness the utilization of our AI and block-chain tools in the ‘Tourism-as-a-Service’ pan-entertainment platform. This testifies to our R&D capability in AI-based technologies. This new collaboration with a leading tourism service company will undoubtedly further enhance our AI and blockchain capabilities,” stated Mr. Hong Zhida, Chairman and CEO of Addentax. “We anticipate more AI technology research and developments translating into real-life applications and utilization.”

 

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

 

 

 

Exhibit 99.2

 

合作谅解备忘录

Memorandum of Understanding

 

甲方：Addentax Group Corp. (NASDAQ: ATXG) (“ATXG”)

Party A：Addentax Group Corp. (NASDAQ: ATXG) (“ATXG”)

 

乙方：深圳市塔米尔文化旅游发展有限公司

Party B: Shenzhen Tamir Cultural Tourism Development Co., LTD (“Tamir”)

 

ATXG是一家专注于服装制造、物流服务、物业管理的综合服务提供商。其服装制造业务主要是向位于中国的批发商进行销售。物流业务包括送货和快递服务，覆盖中国内地重要城市。物业管理和转租业务为服装市场的服装批发商和零售商提供店铺转租和物业管理服务。

ATXG is an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing. In the clothing manufacturing business segment, ATXG primarily sells garments to wholesalers in China, while the logistics services segment encompasses delivery and courier services, serving key cities within mainland China. In the realm of property management and leasing segment, ATXG offers shop leasing and property management services to clothing wholesalers and retailers in the apparel market.

 

塔米尔文旅发展，秉承”匠心独运·构筑经典”的使命，致力于成为中国文商旅产业和乡村振兴领先的全过程服务商。通过顶层谋划, 实现规划设计、产品打造落慧完美结合，以开发运营策划为前提，规划设计为核心，整合顶层设计、投融资、开发、建造、招商、运营、培训、打造泛旅游开发运营服务平台，为文化、旅游、大健康、体育、农业、教育等区域综合开发运营及项目落地建设提供金链全程孵化服务。业务涉及区域发展战略地建设、招商运营 “四位一体” 的综合服务。全面业务覆盖全国，完成多15个城市，累计18个高品质项目。

Tamir, adhering by the mission of “By Ingenuity, Constructing Classic,” is dedicated to becoming a leading full-process service provider in Chinese cultural and commercial tourism, as well as rural revitalization. Through top-level planning, Tamir aims to achieve a seamless integration of planning and design, along with product creation. With development and operation planning as the foundation and planning and design as the core, Tamir is able to unite top-level designs, investments and financing, developments, construction, promotion, operation, and training, thereby establishing a pan-tourism development and operation service platform with Artificial Intelligence (“AI”). Tamir provides incubation services encompassing culture, tourism, health, sports, agriculture, education, and other aspects of regional comprehensive development operations and project construction. Its business also encompasses regional development strategic construction, as well as the investment and operation of “four-in-one” comprehensive services. Its extensive business coverage spans the country, with involvement in more than 15 cities in the People’s Republic of China (the “PRC”) and the successful completion of a total of 18 high-quality projects in various cities in the PRC.

 

于2024年2月6日，双方通过签署本了一份为期3年的合作谅解备忘录达成ATXG与塔米尔文旅发展的合作。通过这份谅解备忘录，双方旨在建立战略合作，共同打造全新的”旅游即服务”平台，以人工智能和区块链工具进一步提升在中华人民共和国全链旅游服务的效率。双方将合作在中国打造全方位的品牌供应链、产品供应链和营销供应链服务。

On February 06, 2024, ATXG and Tamir entered into a 3-year Memorandum of Understanding (the “MOU”). Through the MOU, the parties aim to establish strategic cooperation to build a brand-new “Tourism-as-a-Service” platform, further enhancing efficiency in its full-chain tourism service with AI and block-chain tools in the PRC. Both parties will collaborate to build comprehensive brand supply chains, product supply chains, and marketing supply chains in the PRC.

 

签字

SIGNATURE PAGE

 

甲方：Addentax Group Corp. (NASDAQ: ATXG) (“ATXG”)

Party A：Addentax Group Corp. (NASDAQ: ATXG) (“ATXG”)

 

签章 / Signature & seal：

 

乙方：深圳市塔米尔文化旅游发展有限公司

Party B: Shenzhen Tamir Cultural Tourism Development Co., LTD (“Tamir”)

 

签章 / Signature & seal：

 

 

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Entity File Number	001-41478
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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
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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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