Addentax converts $703K loan into 146,539 shares at $4.80/share

ADDENTAX GROUP CORP.

Converted $699,885 principal plus $3,500 accrued interest into 146,539 common shares at $4.80/share.
Lender SEAH CHIA YEE is a non-U.S. person; shares issued under Regulation S exemption.
Upon issuance, loan and all accrued interest fully satisfied and cancelled.
Conversion subject to Nasdaq listing notification and corporate approvals.
Shares are restricted and bear legend under Securities Act.

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