ATXG News & Events

Addentax Group Corp trading halted, news pending

Addentax Group announced that following the stockholder approval of the reverse stock split proposal at the company's 2025 Annual Meeting of Stockholders held on January 30, 2026, the Board of Directors of the company, on March 19, 2026, approved a reverse stock split of the company's common stock at a ratio of 1-for-15 and authorized the filing of a Certificate of Amendment to the Company's Articles of Incorporation to effect the Reverse Stock Split. On March 24, 2026, the company filed the Amendment with the Secretary of State of the State of Nevada to effect the Reverse Stock Split. The Amendment will become effective at 12:01 a.m. (Eastern Time) on March 30, 2026. As a result of the Reverse Stock Split, every fifteen shares of common stock outstanding immediately prior to the Effective Time will be reclassified and combined into one share of common stock, without any change in the par value of $0.001 per share or the total number of authorized shares. Beginning with the opening of trading on March 30, 2026, the company's common stock will be available for trading on the Nasdaq Capital Market under the symbol "ATXG" on a Reverse Stock Split adjusted basis with a new CUSIP number (00653L400).

Addentax Group announced that it has entered into mature negotiations to acquire multiple leading online money lending platforms across the Asia Pacific region, with definitive agreements expected to be executed subject to the completion of ongoing negotiations, due diligence, regulatory approvals and other customary conditions. "We are pleased to announce this strategic acquisition initiative, which we believe has the potential to significantly expand Addentax's participation in the Asia Pacific fintech sector," said the Chief Executive Officer of Addentax, Hong Zhida. "These platforms represent innovative participants in AI-driven digital lending and emerging financial technologies. By potentially bringing them together under the ATXG umbrella, we aim to build a technology-driven digital credit platform with meaningful scale, technological capabilities and regional market reach. We believe this initiative could support long-term value creation for our stockholders, partners and customers across the Asia Pacific."

Addentax Group is engaged in discussions with a strategic Bitcoin investor, a global holder of Bitcoin, to explore a potential collaboration for the development of a sovereign-aligned, regulatory-compliant stablecoin initiative in Southeast Asia. These discussions are part of a broader strategic framework supported by the company's plan to pursue a strategic investment of up to 12,000 Bitcoins. The company believes that, if successfully executed, the proposed initiative could contribute to the development of regulated digital finance infrastructure across the Association of Southeast Asian Nations. As part of the ongoing discussions, Addentax and the Investor are engaging with relevant governmental and regulatory stakeholders to explore a regulatory framework that may support the issuance of a sovereign-aligned stablecoin. No definitive agreements have been executed. The proposed digital asset, if developed, is expected to be structured as a fully reserve-backed and independently audited stablecoin. The parties may evaluate a phased approach to implementation beginning in the second half of 2026.