Addentax signs three-year MOU with Dezhong Xinghui to develop AI logistics system

ADDENTAX GROUP CORP.

MOU signed March 20, 2024, for a three-year strategic cooperation to develop an AI logistics system.
Dezhong Xinghui invests up to $5M annually in software technology; operates Qilin XianPin digital retail platform.
Addentax's logistics network covers 11 provinces, 3 municipalities, and 86 cities in mainland China.
AI system aims to optimize vehicle dispatching, real-time inventory monitoring, and intelligent sorting/delivery.
No financial terms disclosed; MOU is non-binding and forms basis for future collaboration.

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