EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 Addentax Group Corp. Announces Reverse Stock Split SHENZHEN, March 26, 2026 - Addentax Group Corp. (Nasdaq: ATXG) (the “Company”) announced today that following the stockholder approval of the reverse stock split proposal at the Company’s 2025 Annual Meeting of Stockholders held on January 30, 2026, the Board of Directors of the Company, on March 19, 2026, approved a reverse stock split of the Company’s common stock at a ratio of 1-for-15 (the “Reverse Stock Split”) and authorized the filing of a Certificate of Amendment to the Company’s Articles of Incorporation (the “Amendment”) to effect the Reverse Stock Split. On March 24, 2026, the Company filed the Amendment with the Secretary of State of the State of Nevada to effect the Reverse Stock Split. The Amendment will become effective at 12:01 a.m. (Eastern Time) on March 30, 2026 (the “Effective Time”). As a result of the Reverse Stock Split, every fifteen (15) shares of common stock outstanding immediately prior to the Effective Time will be reclassified and combined into one share of common stock, without any change in the par value of $0.001 per share or the total number of auth…
Open exhibit ↗Current Report · Items 3.03, 5.03, 7.01, 9.01 · 8-K
Addentax Group Corp.
ATXGNASDAQEQUITYCurrent
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure
Item 3.03 Material Modification to Rights of Security Holders. On March 19, 2026, following the stockholder approval of the reverse stock split proposal at the 2025 Annual Meeting of Stockholders of Addentax Group Corp.…
Recent company filings
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity SecuritiesSep 30, 2026
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity SecuritiesSep 14, 2026
- SCHEDULE 13G/A - filed by SEAH CHIA YEE regarding ADDENTAX GROUP CORP.Aug 20, 2026
- SCHEDULE 13D/A - filed by OR SHAN SHAN regarding ADDENTAX GROUP CORP.Aug 20, 2026
- SCHEDULE 13G - filed by PINNACLE PARTNERS INC. regarding ADDENTAX GROUP CORP.Aug 20, 2026
Disclosure sections
Item 3.03Item 3.03 - Material Modification to Rights
Item
3.03 Material Modification to Rights of Security Holders.
On
March 19, 2026, following the stockholder approval of the reverse stock split proposal at the 2025 Annual Meeting of Stockholders of
Addentax Group Corp. (the “Company”) held on January 30, 2026, the Board of Directors of the Company (the “Board”)
approved a reverse stock split of the Company’s common stock at a ratio of 1-for-15 (the “Reverse Stock Split”) and
authorized the filing of a Certificate of Amendment to the Company’s Articles of Incorporation (the “Amendment”) to
effect the Reverse Stock Split. On March 24, 2026, the Company filed the Amendment with the Secretary of State of the State of
Nevada to effect the Reverse Stock Split. The Amendment will become effective at 12:01 a.m. (Eastern Time) on March 30, 2026 (the “Effective
Time”).
As
a result of the Reverse Stock Split, every fifteen (15) shares of common stock outstanding immediately prior to the Effective Time will
be reclassified and combined into one share of common stock, without any change in the par value of $0.001 per share or the total number
of authorized shares. Beginning with the opening of trading on March 30, 2026, the Company’s common stock will be available for
trading on the Nasdaq Capital Market under the symbol “ATXG” on a Reverse Stock Split adjusted basis with a new CUSIP number
(00653L400).
No
fractional share will be issued in connection with the foregoing combination of the shares pursuant to the Reverse Stock Split. Stockholders
who would otherwise be entitled to receive a fractional share as a result of the Reverse Stock Split will receive one whole share of
common stock in lieu of such fractional share.
The
Company’s transfer agent, Transfer Online, Inc., is acting as the exchange agent for the Reverse Stock Split. Stockholders who
hold their shares in book-entry form or in “street name” (i.e., through a broker, bank or other holder of record) are not
required to take any action. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder’s
percentage interest in the Company’s equity, except for minor changes resulting from the treatment of fractional shares.
The
foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment,
which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The
description of the Amendment and the Reverse Stock Split set forth in Item 3.03 of this Current Report is incorporated herein by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD
On
March 26, 2026, the Company issued a press release regarding the Reverse Stock Split. A copy of the press release is furnished as Exhibit
99.1 to this Form 8-K and is incorporated by reference herein.