Addentax Group Corp. Share Exchange Agreement

On May 15, 2026, Addentax Group Corp. entered into a Share Exchange Agreement with Yingxi Industrial Chain Investment Co., Ltd, Riches Family Office Limited, Riches FO Holdings Limited, and Mr. Wu Rui. Yingxi will acquire 41.67% of the Target (Riches Family Office Limited) from Riches FO Holdings Limited. In exchange, Addentax Group Corp. will issue 33,500 shares of its common stock to Mr. Wu Rui. This transaction, considered a related-party transaction, was approved by the Company's audit committee and board of directors. The agreement includes customary representations, warranties, and closing conditions, such as the submission of a Listing of Additional Shares notification to Nasdaq. The shares will be issued in reliance upon Regulation S of the Securities Act, with Mr. Wu Rui not being a U.S. person and the issuance occurring in an offshore transaction. The shares will bear restrictive legends as required.