UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act 1934
Date of Report (Date of earliest event reported): June 9, 2023
ADDENTAX GROUP CORP.
(Exact name of registrant as specified in charter)
Nevada
(State or other jurisdiction of incorporation)
| 001-41478 | | 35-2521028 |
| (Commission File Number) | | (IRS Employer Identification No.) |
| Kingkey 100, Block A, Room 4805, Luohu District, | | |
| Shenzhen City, China 518000 | | N/A |
| (Address of principal executive offices) | | (Zip Code) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock | | ATXG | | OTC Markets |
Registrant’s telephone number, including area code: +(86) 755 82330 336
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | |
| ☐ | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
| | |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240. 14d-2(b)) |
| | |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§ 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR§ 240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement
On June 9, 2023, Addentax Group Corp. (the “Company”), through itself or its designated entity (the “Buyer”), entered into a share purchase agreement (the “Agreement”) to acquire Dongguan Hongxiang Commercial Co., Ltd.’s entire equity with the relevant sellers . The acquisition will close by June 9, 2023 upon which the Seller shall convey and deliver to the Buyer, and the Buyer shall purchase and accept from the Seller, the equity. The aggregate purchase price for the Assets was approximately RMB3.2 million and will be funded using the cash on hand.
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the form thereof, which is attached as Exhibit 10.1 hereto and incorporated by reference herein.
Item 9.01. Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | Addentax Group Corp. |
| | | |
| | By: | /s/ Hong Zhida |
| | Name: | Hong Zhida |
| | Title: | Chief Executive Officer |
Dated: June 12, 2023
