STOCK TITAN

Addentax (NASDAQ: ATXG) wins approval for wide-range reverse split

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Addentax Group Corp. held its annual meeting where stockholders approved key governance items. Investors elected five directors to serve until the 2026 annual meeting, with each nominee receiving roughly 2.68 million votes in favor and about 36–46 thousand votes withheld, plus 2.75 million broker non-votes.

Stockholders also authorized the board to implement a reverse stock split of the common stock at any ratio between one-for-two and one-for-two hundred fifty, with the exact ratio to be set later at the board’s discretion. This authorization gives the board broad flexibility to adjust the share count and trading price structure in the future.

Positive

  • None.

Negative

  • None.

Insights

Shareholders backed all directors and gave the board wide latitude to execute a large reverse stock split.

The meeting confirmed board stability, with all five director nominees elected by wide margins, indicating continued support for existing leadership. Broker non-votes of 2,746,434 reflect routine mechanics where brokers lacked authority to vote on the non-routine director proposals without instructions.

More notably, stockholders authorized a reverse stock split at any ratio from one-for-two to one-for-two hundred fifty, approved by 5,206,861 votes for versus 260,790 against and 610 abstentions. This decision permits substantial consolidation of shares if the board later determines it is necessary, though timing and chosen ratio are not specified in this excerpt.

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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 of 1934

 

Date of Report (Date of earliest event reported): January 30, 2026

 

Addentax Group Corp.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41478   35-2521028

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

Kingkey 100, Block A, Room 4805,

Luohu District, Shenzhen City, China

 

 

518000

(Address of principal executive offices)   (Zip Code)

 

+(86) 755 86961 405

(Registrant’s telephone number, including area code)

 

N/A

(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 the registrant under any of the following provisions (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
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))

 

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, par value $0.001 per share   ATXG   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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 5.07 Submission of Matters to a Vote of Security Holders.

 

At the annual meeting of stockholders of Addentax Group Corp. (the “Company”) held on January 30, 2026, the Company’s stockholders voted on the matters described below.

 

(1) The Company’s stockholders elected five directors, each to serve until the 2026 annual meeting of stockholders and until their respective successors are duly elected and qualified, or until their earlier death, resignation or removal. The number of shares that (a) voted for the election of each director and (b) withheld authority to vote for each director is summarized in the table below:

 

Director Nominee  Votes For  Votes Withheld
Hong Zhida  2,684,955  36,872
Hong Zhiwang  2,684,956  36,871
Li Weilin  2,685,571  36,256
Alex P. Hamilton  2,675,584  46,243
Xiao Jiangping  2,684,943  36,884

 

There were 2,746,434 broker non-votes with respect to the election of each director. Broker non-votes represent shares held by broker nominees for beneficial owners that were not voted because the broker nominee did not receive voting instructions from the beneficial owner and lacked discretionary authority to vote the shares on a non-routine proposal.

 

(2) The Company’s stockholders authorized the board of directors of the Company to amend the Company’s Articles of Incorporation, as amended, to effect a reverse stock split of the Company’s issued shares of common stock at a ratio of not less than one-for-two and not more than one-for-two hundred fifty, with the exact ratio to be set within this range by the board of directors of the Company in its sole discretion (the “Reverse Stock Split”). The number of shares that (a) voted for the Reverse Stock Split, (b) voted against the Reverse Stock Split, and (c) abstained from voting on the Reverse Stock Split is summarized in the table below: 

 

Votes For   Votes Against   Votes Abstain
5,206,861   260,790   610

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.    
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Addentax Group Corp.
     
Date: February 3, 2026 By: /s/ Hong Zhida
    Hong Zhida
    Chief Executive Officer

 

 

FAQ

What did Addentax Group Corp. (ATXG) stockholders approve at the annual meeting?

Stockholders elected five directors and authorized a reverse stock split. The split can range from one-for-two to one-for-two hundred fifty, with the exact ratio determined later by the board in its sole discretion.

How did Addentax (ATXG) stockholders vote on the reverse stock split proposal?

Stockholders strongly supported the reverse split authorization, with 5,206,861 votes for, 260,790 votes against, and 610 abstentions. This gives the board broad authority to select a split ratio within the approved range.

What reverse stock split range did Addentax (ATXG) receive approval for?

Stockholders authorized the board to implement a reverse stock split at a ratio of not less than one-for-two and not more than one-for-two hundred fifty, leaving the precise ratio to the board’s discretion within that range.

Were all Addentax (ATXG) director nominees elected at the 2026 annual meeting?

Yes. All five nominees, including Hong Zhida and Alex P. Hamilton, were elected. Each received about 2.68 million votes for and roughly 36–46 thousand votes withheld, plus 2,746,434 broker non-votes on the director proposals.

What are broker non-votes in the Addentax (ATXG) shareholder meeting results?

Broker non-votes, totaling 2,746,434 shares, occur when brokers hold shares for beneficial owners but lack instructions and discretionary authority to vote on non-routine items, such as director elections, so those shares are not counted as votes for or against.

Who signed the Addentax (ATXG) report related to the annual meeting results?

The report was signed on behalf of Addentax Group Corp. by Hong Zhida, the company’s Chief Executive Officer. This signature confirms the company’s official submission of the shareholder voting outcomes and related information.
Addentax Group

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