Addentax Group enters private placement to raise ~$1.2M via 250,000 shares at $4.80/share

ADDENTAX GROUP CORP.

Addentax Group Corp. entered into a Private Placement Agreement with Pinnacle Partners Inc. to sell 250,000 shares of common stock at $4.80 per share.
Aggregate gross proceeds from the private placement are approximately $1.2 million.
Shares are being issued in reliance on the Regulation S exemption; the investor is not a U.S. person.
Closing is subject to customary conditions; shares will be issued in book-entry form with restrictive legends.

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