Addentax Group Corp. Announces Strategic Fintech Initiative and Negotiations to Acquire Up to 20 Online Lending Platforms in Asia Pacific Representing Over 600,000 Customers and Estimated Annual Loan Volume Exceeding HK$25 Billion

Addentax Group (Nasdaq: ATXG) announced a strategic fintech initiative to negotiate acquisitions of up to 20 online lending platforms across the Asia Pacific, subject to due diligence and regulatory approvals.

Rhea-AI Summary

Addentax Group (Nasdaq: ATXG) announced a strategic fintech initiative to negotiate acquisitions of up to 20 online lending platforms across the Asia Pacific, subject to due diligence and regulatory approvals. According to the company, the combined platforms reportedly serve >600,000 customers and have estimated annual loan origination volume exceeding HK$25 billion.

The platforms offer AI-supported credit assessment, digital asset-related financial services where permitted, and personal digital lending; definitive agreements are pending customary closing conditions and there is no assurance transactions will complete.

Positive

• Potential combined customer base of >600,000
• Estimated annual loan originations >HK$25 billion
• May create large-scale regional digital credit platform
• Includes AI-supported credit assessment capabilities
• Targets operationally established, proprietary risk systems

Negative

• Transactions subject to final due diligence and board approvals
• Regulatory approvals required across target jurisdictions
• No assurance that definitive agreements will be executed

Argus Mar 17 session

-1.01% close to close Open Argus

Details

News Market Reaction – ATXG

In the Mar 17 session, ATXG declined 1.01%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement outlines a major fintech expansion, with up to 20 online lending platforms serving...

Analysis

This announcement outlines a major fintech expansion, with up to 20 online lending platforms serving more than 600,000 customers and annual loan volume exceeding HK$25 billion. Like prior large acquisition proposals, it remains subject to due diligence, definitive agreements, and regulatory approvals. Investors may watch for signed agreements, clarity on financing structure, integration with earlier digital finance initiatives, and any regulatory feedback across the Asia Pacific jurisdictions involved.

Key Figures

Online lending platforms: up to 20 platforms Customer base: more than 600,000 customers Annual loan volume: exceeding HK$25 billion

Online lending platforms

up to 20 platforms

Targeted acquisitions in Asia Pacific

Customer base

more than 600,000 customers

Combined users of target lending platforms

Annual loan volume

exceeding HK$25 billion

Estimated aggregate annual loan origination volume

Previous Acquisition Reports

1 past event · Latest: Jul 02

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1. Jul 02

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24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ai-supported credit assessment, digital asset-related financial services, regulatory approvals

3 terms

ai-supported credit assessment technical

"services that include AI-supported credit assessment, digital asset-related"

AI-supported credit assessment uses computer models that learn from large amounts of data to judge a borrower’s ability to repay loans, combining traditional credit information with other signals like transaction patterns or alternative data. Investors care because it can make lending faster, cheaper and more precise—improving returns and growth—but also introduces model risk, potential bias and regulatory scrutiny that can affect loan losses and a lender’s reputation.

digital asset-related financial services financial

"AI-supported credit assessment, digital asset-related financial services"

Services that let people and institutions use, store, trade, borrow against, or manage value tied to cryptocurrencies and other blockchain-based tokens. Think of them as the banking, brokerage and payment tools built for digital money—custody (safe storage), trading platforms, lending, staking, and asset management—and they matter to investors because they create revenue streams, determine access and liquidity for digital holdings, and concentrate risks like hacks, counterparty failure and regulatory changes.

regulatory approvals regulatory

"due diligence, regulatory approvals and other customary conditions."

Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHENZHEN, China, March 17, 2026 /PRNewswire/ -- Addentax Group Corp. (Nasdaq: ATXG) ("ATXG" or the "Company") announced today that it has entered into mature negotiations to acquire multiple leading online money lending platforms across the Asia Pacific region, with definitive agreements expected to be executed subject to the completion of ongoing negotiations, due diligence, regulatory approvals and other customary conditions.

These platforms operate digital lending businesses across the Asia Pacific region and provide services that include AI-supported credit assessment, digital asset-related financial services (where permitted by applicable regulations), and personal digital lending. These platforms are characterized by established user bases, proprietary risk control systems, operational efficiency and regional market presence. Upon completion of the proposed acquisitions, the combined platforms could create a large-scale digital credit platform with significant regional reach. Based on information provided by the target companies, the combined platforms currently serve more than 600,000 customers and generate an estimated aggregate annual loan origination volume exceeding HK$25 billion.

"We are pleased to announce this strategic acquisition initiative, which we believe has the potential to significantly expand Addentax's participation in the Asia Pacific fintech sector," said the Chief Executive Officer of Addentax, Mr. Hong Zhida. "These platforms represent innovative participants in AI-driven digital lending and emerging financial technologies. By potentially bringing them together under the ATXG umbrella, we aim to build a technology-driven digital credit platform with meaningful scale, technological capabilities and regional market reach. We believe this initiative could support long-term value creation for our stockholders, partners and customers across the Asia Pacific."

The transactions are subject to customary closing conditions, including final due diligence, board approvals, approvals from relevant financial regulatory authorities in the jurisdictions in which the target companies operate and other customary conditions. There can be no assurance that definitive agreements will be executed or that any transactions will be completed. The Company will provide updates as appropriate as negotiations progress.

About Addentax Group Corp.

Addentax Group Corp. is an integrated service provider specializing in garment manufacturing and logistics services. For more information about the Company, please visit the website: https://www.addentax.com/ 

Caution Concerning Forward Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended March 31, 2025. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Company Contact:

Public Relations Contact:
Addentax Group Corp.
Phone: + (86) 755 86961 405
yoongxin.chan@zgyingxi.com 

Investor Relations Contact:

Sherry Zheng
WAVECREST GROUP INC.
1-718-213-7386
sherry@wavecrestipo.com 

View original content:https://www.prnewswire.com/news-releases/addentax-group-corp-announces-strategic-fintech-initiative-and-negotiations-to-acquire-up-to-20-online-lending-platforms-in-asia-pacific-representing-over-600-000-customers-and-estimated-annual-loan-volume-exceeding-hk25-billion-302715176.html

SOURCE Addentax Group Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Addentax (ATXG) negotiating to acquire in March 2026?

Addentax is negotiating to acquire up to 20 online lending platforms across Asia Pacific. According to the company, the deals are in mature negotiations but remain subject to due diligence and regulatory approvals before completion.

How many customers would the combined ATXG platforms serve if completed?

The combined platforms reportedly serve more than 600,000 customers. According to the company, this figure is based on information provided by the target companies and is subject to verification during due diligence.

What is the estimated annual loan volume tied to Addentax's proposed acquisitions?

The targets are said to generate estimated aggregate annual loan originations exceeding HK$25 billion. According to the company, this estimate comes from target-provided information and requires confirmation in diligence.

What fintech capabilities do the target platforms offer that matter to ATXG shareholders?

Targets reportedly provide AI-supported credit assessment and digital-asset related services where permitted. According to the company, these capabilities could form the technology base for a regional digital credit platform after closing.

Are the Addentax (ATXG) transactions finalized and guaranteed to close?

No; the transactions are not finalized and are contingent on customary conditions and approvals. According to the company, there can be no assurance definitive agreements will be executed or that transactions will complete.

What regulatory steps remain for Addentax's proposed acquisitions (ATXG)?

The proposed acquisitions require approvals from relevant financial regulatory authorities in each jurisdiction. According to the company, obtaining those approvals is a condition precedent to closing the transactions.