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Addentax Group Corp
Kingkey 100
Block A, Room 4805, Luohu District
Phone: +86 75586961405p:+86 75586961405 SHENZHEN, GNG  518000  China Ticker: ATXGATXG
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Addentax Group Corp is a China-based holding company principally engaged in the manufacture of garment and provision of logistic services. The Company operates through four main segments. Garment Manufacturing Business segment is engaged in the production of garment and sales of garment to wholesalers. Logistic Business segment is involved in the provision of delivery and courier services covering approximately 79 cities and two municipalities in China. Property Management and Subleasing business segment provides shops subleasing and property services for garment wholesalers and retailers. Epidemic Prevention Supplies Business segment is involved in manufacturing and distribution of epidemic prevention products and resale of epidemic prevention supplies. The Company is also outsourcing some of the businesses to contractors.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20233/31/2023YesYes---

Industries
SIC Code Description
2329 Men's and boys' clothing, not elsewhere classified
8742 Management consulting services
6531 Real estate agents and managers
6513 Operators of apartment buildings
6512 Operators of nonresidential buildings
5047 Medical, dental, and hospital equipment and supplies
4215 Courier services, except by air
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer, Secretary ZhidaHong 33 3/31/2017 3/10/2017
Chief Financial Officer, Treasurer HuangChao 30 3/8/2019 3/8/2019
Director ZhiwangHong 29 3/13/2019 3/13/2019
3 additional Officers and Directors records available in full report.

Business Names
Business Name
ATXG
ATXGD
Decoration Engineering
15 additional Business Names available in full report.

General Information
Number of Employees: 96 (As of 3/31/2023)
Outstanding Shares: 5,383,769 (As of 4/29/2024)
Shareholders: 550
Stock Exchange: NASD
Federal Tax Id: 352521028
Email Address: addentax@gmail.com


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Friday, May 17, 2024