Addentax Group Corp. effectuates 1-for-10 reverse stock split effective June 30, 2023

ADDENTAX GROUP CORP.

Reverse stock split at 1-for-10 ratio reduces outstanding shares from 37,395,420 to 3,739,542.
Effective at market open on June 30, 2023; trading on Nasdaq Capital Market on split-adjusted basis with new CUSIP 00653L301.
No fractional shares issued; fractional entitlements rounded up to one whole share.
Company cautions post-split price may not maintain tenfold increase or remain above pre-split level.
Board authorized split on June 8, 2023; Certificate of Amendment filed with Nevada Secretary of State.

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