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Addentax Group Corp. (NASDAQ:ATXG) (the "Company", "ATXG", "we", "us" or "our") today announced that it is in discussions with KINGS UNITED HOLDING LIMITED ("KINGS") regarding a potential strategic cooperation focused on integrating the Web3.0 payment infrastructure and Real-World Asset ("RWA") enablement within ATXG's supply-chain and settlement ecosystem. The discussions are intended to assess how blockchain-native payment systems and tokenized settlement technologies could complement ATXG's digital transformation objectives and operational scalability.
The parties are evaluating a structured proposal that could involve the establishment of a Hong Kong-licensed trust vehicle and the potential transfer of up to 100,000,000 KINGS native tokens (representing an indicative 1% allocation) at a notional valuation of approximately USD 10 million, with potential consideration including issuance of common shares to the trust entity. KINGS, a BVI-incorporated holding group, wholly owns ALL IN Fintech Limited (Kings United Fintech Limited), a New York-registered entity holding FinCEN MSB Registration No. 31000289207014. The group develops multi-chain prepaid card systems, distributed credit frameworks, and global acquiring networks designed to bridge Web2.0 and Web3.0 payment environments.
Management believes that a collaboration of this nature could enhance ATXG's capabilities in piloting tokenized settlement and RWA-based infrastructure, improve transparency across international payment flows, and open additional digital monetization channels consistent with its governance and compliance framework.
Management intends to further advance ATXG's strategic positioning in digital asset infrastructure through potential collaborations that align with its long-term growth roadmap and innovation priorities. ATXG continues to evaluate strategic alternatives and will take such actions as may be appropriate to preserve shareholder value and address the operational and regulatory considerations relevant to any future execution.
Posted In: ATXG
