Addentax Group Corp. announced that it has entered into two Private Placement Agreements with certain individual investors who are independent third parties, pursuant to which the Company issued to each of the investor 330,000 shares of its common stock, par value $0.001 per share at an issue price of $0.98 per share for the aggregate gross proceeds of $646,800 on April 29, 2024. The Agreement contains customary representations, warranties, covenants, conditions and indemnities for agreements of this type.

The company will issue securities pursuant to exemption provided under Regulation D from 2 investors.