Addentax Group to raise ~$2.5M via private placement of 520,834 shares at $4.80 to Chan Kai Sang

ADDENTAX GROUP CORP.

Private placement agreement dated Sept. 28, 2026 with Chan Kai Sang for 520,834 common shares at $4.80/share, gross proceeds of approximately $2.5 million.
Company intends to use net proceeds for general corporate purposes, including working capital and potential strategic investments.
Shares issued under Regulation S to a non-U.S. person in an offshore transaction; shares bear restrictive legends and are not registered under the Securities Act.
PRC regulatory filing required within 45 days after closing, extendable to 90 days if delayed by court or regulator; closing subject to customary conditions.
No registration rights and no broker fees per the agreement; Board approved the transaction and any applicable takeover statute waiver.

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