Form 8-K - Current report

 

 

 

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): November 21, 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. ☐

 

 

 

 

Item 8.01. Other Events.

 

On November 21, 2024, Addentax Group Corp. (“Addentax”) issued a press release announcing the signing of a memorandum of understanding (the “MOU”) with Shenzhen Yingbin Brand Development Co., Ltd. (“Yingbin Brand”), a brand management group headquartered in Guangdong, China. This MOU establishes the foundation for a nationwide strategic collaboration between the two companies to enhance brand supply chain, product supply chain, and marketing supply chain services in China.

 

Under the terms of the MOU, Addentax and Yingbin Brand will explore mutually beneficial cooperation opportunities aimed at creating an encompassing supply chain service model. The collaboration seeks to leverage Addentax’s established logistics network and Yingbin Brand’s expertise in brand development and supply chain management.

 

A copy of the press release is included as Exhibit 99.1 to this report and incorporated by reference herein.

 

A copy of the MOU dated November 20, 2024, is included as Exhibit 99.2 to this report and incorporated by reference herein.

 

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 November 21, 2024
99.2		Memorandum of Understanding dated November 20, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

2

 

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: November 21, 2024	By:	/s/ Hong Zhida
		Hong Zhida
		Chief Executive Officer

 

3

 

 

Exhibit 99.1

 

Addentax Group Corp. Announces Signing of MOU for Strategic Cooperation with Shenzhen Yingbin Brand Development Co., Ltd.

 

SHENZHEN, China, November 21, 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 signing of a Memorandum of Understanding (MOU) for nationwide strategic cooperation with Shenzhen Yingbin Brand Development Co., Ltd. (“Yingbin Brand”), a prominent brand management company headquartered in Guangdong.

 

Mr. Hong Zhida, CEO of Addentax, expressed his enthusiasm:

 

“We are thrilled to collaborate with Yingbin Brand, a leader in supply chain and brand development. This partnership represents a significant milestone in our pursuit of innovative collaborations. Together, we aim to build a comprehensive ecosystem encompassing brand, product, and marketing supply chain services in China. The signing of this MOU is an important first step toward a mutually beneficial long-term partnership.”

 

Ms. Xu Yan, CEO of Yingbin Brand, also shared her excitement about the collaboration:

 

“We are eager to work alongside Addentax and leverage their extensive distribution network. This partnership will enable us to strengthen our connections with global customers and jointly explore new market opportunities.”

 

Yingbin Brand is a comprehensive brand service provider, offering a wide range of services in brand supply chain management, product supply chain solutions, and marketing supply chain strategies.

 

This MOU marks a strategic step forward for both companies, particularly in the branded apparel sector. The collaboration also paves the way for further innovation and exploration of new business opportunities, solidifying their shared commitment to growth and excellence.

 

 

 

About Addentax Group Corp.

 

Addentax Group 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, 2024. 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.

Phone: + (86) 755 86961 405

[e-mail]

 

Investor Relations Contact:

 

Sherry Zheng

Weitian Group LLC

1-718-213-7386

[e-mail]

 

 

 

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：深圳迎宾品牌发展有限公司（”迎宾品牌”）

Party B: Shenzhen Yingbin Brand Development Co., Ltd. (“Yingbin Brand”)

 

前言 / Preamble

 

甲方（ATXG）是一家专注于服装制造、物流服务、物业管理、转租以及防疫用品的综合服务提供商。其服装制造业务主要面向位于中国的批发商销售。

Party A (ATXG) is an integrated service provider specializing in garment manufacturing, logistics services, property management, subleasing, and epidemic prevention supplies. Its garment manufacturing business primarily caters to wholesalers located in China.

 

乙方（迎宾品牌）位于中国广东，是一家知名的供应链品牌管理集团，拥有丰富的行业经验和广泛的市场影响力。

 

Party B (Yingbin Brand), located in Guangdong, China, is a renowned supply chain brand management group with extensive industry experience and a significant market presence.

 

合作宗旨 / Purpose of Cooperation

 

通过签署本合作谅解备忘录，甲乙双方正式表达合作意向，并希望在中国及全球市场建立战略合作伙伴关系。双方致力于共同打造以下方面的全面服务：

 

Through this Memorandum of Understanding, both parties formally express their intent to collaborate and aim to establish a strategic partnership in both Chinese and global markets. The collaboration will focus on developing comprehensive services in the following areas:

 

1.

品牌供应链服务 – 共同优化和提升品牌价值链。

Brand Supply Chain Services – Jointly optimize and enhance the brand value chain.

 

2.

产品供应链服务 – 打造高效、可持续的产品供应链体系。

Product Supply Chain Services – Build an efficient and sustainable product supply chain system.

 

3.

营销供应链服务 – 扩展市场覆盖范围，创新营销模式。

Marketing Supply Chain Services – Expand market reach and innovate marketing models.

 

双方责任 / Responsibilities of the Parties

 

1.

甲方 (ATXG):

 

	○	提供国际化的分销网络资源。
	○	支持合作项目的运营和推广。

 

Party A (ATXG):

 

	○	Provide access to its global distribution network.
	○	Support the operation and promotion of collaborative projects.

 

2.

乙方 (迎宾品牌):

 

	○	提供行业专业知识与管理能力。
	○	开发高附加值的品牌合作项目。

 

 

 

Party B (Yingbin Brand):

 

	○	Offer industry expertise and management capabilities.
	○	Develop high-value brand collaboration projects.

 

3.

双方共同责任:

 

○

在公平、透明的原则下，推动项目实施并持续优化合作模式。

 

		Joint Responsibilities:
	○	Promote project implementation and continuously refine the cooperation model under principles of fairness and transparency.

 

法律约束力 / Legal Effect

 

本谅解备忘录旨在明确双方的合作意向，但不具有法律约束力。具体合作内容及条款将另行签署正式合同予以明确。

This Memorandum of Understanding is intended to outline the cooperation intent of both parties and does not constitute a legally binding agreement. Specific terms and conditions of the cooperation will be defined in subsequent formal contracts.

 

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

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

签章 / Signature & Seal:

 

乙方：深圳迎宾品牌发展有限公司（”迎宾品牌”）

Party B: Shenzhen Yingbin Brand Development Co., Ltd. (“Yingbin Brand”)

签章 / Signature & Seal:

 

 

Cover	Nov. 21, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 21, 2024
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	false

---