Addentax Group Corp. entered into private placement agreements on September 9, 2026, with Mr. Chan Chun Hong. Under the terms of the agreements, the company agreed to issue and sell an aggregate of 520,834 shares of its common stock at a price of $4.80 per share. This transaction is expected to generate aggregate gross proceeds of approximately $2.5 million.
The company intends to use the net proceeds from the private placement for general corporate purposes, including working capital and potential strategic investments. The shares are being issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as provided by Regulation S. The investors are not classified as "U.S. persons" under Regulation S, and the issuance is expected to occur as an offshore transaction.
The closing of the private placement is subject to the satisfaction of customary closing conditions set forth in the agreements. The shares, once issued, will bear customary restrictive legends under the Securities Act. The agreements are filed as Exhibit 10.1 to this Current Report on Form 8-K.
