Wu Rui Increases Stake in Addentax Group Corp. to 9.71% via Share Exchange Agreement
On June 18, 2026, Wu Rui filed a Schedule 13D/A reporting an increased ownership stake in Addentax Group Corp. (ATXG). The reporting person now beneficially owns 100,167 shares of common stock, representing approximately 9.71% of the company's outstanding shares. This position was established through two primary transactions: the prior acquisition of 66,667 shares as equity compensation under the issuer's incentive plan on April 13, 2026, and the more recent acquisition of 33,500 additional shares on June 15, 2026. These additional shares were issued as consideration in connection with a Share Swap pursuant to a Share Exchange Agreement involving Yingxi Industrial Chain Investment Co., Ltd. and other parties. No cash consideration was used for these acquisitions. Wu Rui, in his capacity as an officer of the issuer, maintains sole voting and dispositive power over these securities. The reporting person has indicated that while they may engage in discussions with management regarding business operations, they currently have no specific plans for further material transactions or structural changes regarding the issuer.