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Addentax Group (NASDAQ: ATXG) buys Time Is Loan Limited with 137,790 shares

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

Rhea-AI Filing Summary

Addentax Group Corp. completed an all-stock acquisition of Time Is Loan Limited on May 15, 2026. Through its Hong Kong subsidiary, Yingxi Industrial Chain Investment Co., Ltd, the company acquired 100% of the Target’s equity interests.

As consideration, Addentax issued 137,790 shares of its common stock, par value $0.001 per share, to the seller, Ms. OR Shan Shan. The shares were issued in an offshore transaction under Regulation S, meaning they were sold to a non-U.S. person without SEC registration. The transaction is documented in a Share Exchange Agreement dated April 22, 2026, which is incorporated by reference as an exhibit.

Positive

  • None.

Negative

  • None.

Insights

Addentax uses stock, not cash, to buy a new Hong Kong business.

Addentax Group Corp. has acquired 100% of Time Is Loan Limited via a share exchange. Its subsidiary Yingxi issued 137,790 common shares to the seller, avoiding a cash outlay and using equity as currency for the deal.

The shares were issued under Regulation S to a non-U.S. person in an offshore transaction, so they are unregistered with the SEC. This structure limits immediate U.S. offering requirements but still adds new stock, implying modest dilution whose scale is not quantified here.

The agreement was signed on April 22, 2026 and closed on May 15, 2026. Subsequent filings may provide financial details on Time Is Loan Limited’s contribution to revenue and earnings, which will determine how this all-stock acquisition affects overall performance.

Item 2.01 Completion of Acquisition or Disposition of Assets Financial
The company completed a significant acquisition or sale of business assets.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Shares issued as consideration 137,790 shares Common stock issued to acquire 100% of Time Is Loan Limited
Par value per share $0.001 per share Par value of Addentax common stock used in the exchange
Ownership acquired 100% equity interests Equity of Time Is Loan Limited acquired by Yingxi subsidiary
Agreement date April 22, 2026 Date of Share Exchange Agreement
Closing date May 15, 2026 Completion of acquisition transaction
Share Exchange Agreement financial
"completed the transaction contemplated by the Share Exchange Agreement dated April 22, 2026"
A share exchange agreement is a legal deal where shareholders trade their shares in one company for shares in another, commonly used in mergers, acquisitions or corporate reorganizations. Think of it like swapping ownership cards in a game: the swap can change who controls the business, how many shares each person owns, and the value and liquidity of those holdings, so investors need to understand the exchange ratio, potential dilution and long-term impact on value and voting power.
Regulation S regulatory
"The Shares were issued in reliance upon the exemption from registration provided by Regulation S promulgated"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
unregistered sales of equity securities regulatory
"Item 3.02 Unregistered Sales of Equity Securities."
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
offshore transaction financial
"the issuance of the Shares was made in an offshore transaction."
false 0001650101 0001650101 2026-05-15 2026-05-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): May 15, 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 2.01 Completion of Acquisition or Disposition of Assets.

 

On May 15, 2026, Addentax Group Corp. (the “Company”), a Nevada corporation, completed the transaction contemplated by the Share Exchange Agreement dated April 22, 2026 (the “Share Exchange Agreement”), by and among the Company, Yingxi Industrial Chain Investment Co., Ltd (“Yingxi”), a wholly owned subsidiary of the Company incorporated under the laws of Hong Kong, Time Is Loan Limited, a company incorporated under the laws of Hong Kong (the “Target”), and Ms. OR Shan Shan (the “Seller”). Pursuant to the Share Exchange Agreement, Yingxi acquired 100% of the equity interests of the Target from the Seller in exchange for the issuance of 137,790 shares of common stock of the Company, par value $0.001 per share (the “Shares”) to the Seller.

 

The Shares were issued in reliance upon the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. The Seller is not a “U.S. person” (as defined in Regulation S), and the issuance of the Shares was made in an offshore transaction.

 

The foregoing description of the Share Exchange Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the Share Exchange Agreement filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on April 28, 2026, which is incorporated herein by reference.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The information set forth in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.    
10.1   Share Exchange Agreement dated April 22, 2026 by and among the Company, Yingxi Industrial Chain Investment Co., Ltd, Time Is Loan Limited and OR Shan Shan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on April 28, 2026)
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: May 18, 2026 By: /s/ Hong Zhida
    Hong Zhida
    Chief Executive Officer

 

 

 

FAQ

What transaction did Addentax Group Corp. (ATXG) complete in May 2026?

Addentax Group Corp. completed an all-stock acquisition of Time Is Loan Limited. Its subsidiary Yingxi acquired 100% of the Target’s equity interests, paying with newly issued common shares rather than cash, under a Share Exchange Agreement dated April 22, 2026.

How many shares did Addentax (ATXG) issue for the Time Is Loan Limited acquisition?

Addentax issued 137,790 shares of common stock as consideration for acquiring Time Is Loan Limited. These shares, with a par value of $0.001 per share, were delivered to the seller, Ms. OR Shan Shan, in exchange for 100% of the Target’s equity.

Was the Addentax (ATXG) share issuance for this acquisition registered with the SEC?

The shares were not registered with the SEC. Addentax relied on Regulation S, issuing the 137,790 common shares in an offshore transaction to a seller who is not a U.S. person, which allows unregistered offerings outside the United States under specific conditions.

Who is the seller in Addentax Group Corp.’s acquisition of Time Is Loan Limited?

The seller is Ms. OR Shan Shan. She transferred 100% of the equity interests of Time Is Loan Limited to Addentax’s subsidiary, Yingxi Industrial Chain Investment Co., Ltd, and in return received 137,790 shares of Addentax common stock issued under Regulation S.

When did Addentax (ATXG) sign and close the Share Exchange Agreement?

The Share Exchange Agreement was dated April 22, 2026, and the transaction closed on May 15, 2026. On the closing date, Addentax, through its subsidiary Yingxi, completed the acquisition of 100% of Time Is Loan Limited’s equity interests from the seller.

What SEC items does this Addentax (ATXG) 8-K filing address?

The filing covers Item 2.01, Completion of Acquisition or Disposition of Assets, and Item 3.02, Unregistered Sales of Equity Securities. It also lists the Share Exchange Agreement as Exhibit 10.1 and includes the cover page interactive data file as Exhibit 104.

Filing Exhibits & Attachments

3 documents