ATXG News & Events

Addentax Group announced the proposed strategic acquisition of the offshore wealth management and integrated cross-border service business of Hong Kong-based Riches Group, a provider of global asset allocation and cross-border services. The Company believes that, if completed, the proposed acquisition would support the Company's global expansion strategy by facilitating the integration of Riches Group's offshore business ecosystem, AI-enabled financial solutions, and digital currency/crypto service offerings. Based on preliminary internal estimates and subject to final closing and integration, the Company anticipates that the proposed acquisition could contribute approximately HKD 300M in annualized revenue. Riches Group, headquartered in Hong Kong, has built a diversified service ecosystem, which includes global wealth management, international education, immigration consulting, and cross-border healthcare services. Subject to the completion of the proposed acquisition, the Company would gain access to Riches Group's core business assets, including its full suite of wealth management services, which range from private banking and fund custody to global fixed-income products and offshore/US dollar insurance. Based on information provided by Riches Group, these services have historically generated monthly transaction volumes exceeding HK$100M. The proposed acquisition is expected to provide the Company with access to Riches Group's AI-enabled wealth advisory capabilities. Riches Group has developed proprietary algorithms designed to support data-driven, personalized asset allocation strategies, real-time risk assessments, and market insights.

ATX Group is in discussions with Kings United Holding regarding a potential strategic cooperation focused on integrating the Web3.0 payment infrastructure and Real-World Asset, or RWA, enablement within ATXG's supply-chain and settlement ecosystem. The discussions are intended to assess how blockchain-native payment systems and tokenized settlement technologies could complement ATXG's digital transformation objectives and operational scalability. The parties are evaluating a structured proposal that could involve the establishment of a Hong Kong-licensed trust vehicle and the potential transfer of up to 100,000,000 Kings native tokens - representing an indicative 1% allocation - at a notional valuation of approximately $10M, with potential consideration including issuance of common shares to the trust entity. Kings, a BVI-incorporated holding group, wholly owns ALL IN Fintech, a New York-registered entity. The group develops multi-chain prepaid card systems, distributed credit frameworks, and global acquiring networks designed to bridge Web2.0 and Web3.0 payment environments. ATXG continues to evaluate strategic alternatives and will take such actions as may be appropriate to preserve shareholder value and address the operational and regulatory considerations relevant to any future execution.

Addentax Group announced that it has entered into a non-binding term sheet with a substantial and independent Bitcoin holder to acquire up to 12,000 Bitcoins, significantly increasing the potential acquisition size from the originally discussed 8,000 BTC as disclosed in the Company's May 15 press release. Based on prevailing market prices, the proposed acquisition represents an aggregate market value of approximately $1.3B. If completed, the transaction would be settled through the issuance of newly issued shares of the Company's common stock. This term sheet outlines the preliminary framework for the contemplated acquisition and remains subject to the negotiation and execution of a definitive agreement, the satisfactory completion of due diligence, and customary approvals. The final number of Bitcoins to be acquired, the number of shares to be issued, and the issuance terms will be determined through mutual agreement.

Addentax Group (ATXG)has been in discussions with a number of Bitcoin and other mainstream Cryptocurrency holders, to acquire up to 8,000 Bitcoins, together with other Cryptocurrencies, such as Official Trump, with an expected current market value of approximately $800M, by issuing shares of common stock. No definitive agreement has been reached.