secwatch.observer — SEC 8-K summary
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Issuer:     ADDENTAX GROUP CORP. (ATXG)
CIK:        0001650101
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001493152-23-038214
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Addentax Group Corp. adopts Clawback Policy for executive compensation recovery
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- Board adopted Clawback Policy on October 25, 2023, effective immediately.
- Policy allows recovery of cash incentive payments and equity-based compensation from current and former executive officers.
- Recoupment triggered by accounting restatements due to material noncompliance with financial reporting requirements.
- Excess Incentive Compensation calculated as difference between amount paid on erroneous data vs restated results.
- Policy complies with Section 10D of the Exchange Act and applicable listing standards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650101/000149315223038214/0001493152-23-038214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650101/000149315223038214/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038214

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