Addentax Group Corp. to Raise Approximately $2.5 Million Through Private Placement

Addentax Group Corp. agreed to issue and sell 520,834 shares of common stock to Chan Kai Sang at $4.80 per share in a private placement, aiming to raise approximately $2.5 million in aggregate gross proceeds. The company intends to use the net proceeds for general corporate purposes, including working capital and potential strategic investments.