1. ORGANIZATION AND BUSINESS ACQUISITIONS
Addentax
Group Corp. (the “Company”), through its subsidiaries, is engaged in garment manufacturing, logistics services and consulting
service. The Company conducts its garment manufacturing and logistics services businesses primarily through its PRC operating subsidiaries
and conducts its consulting service through Yingxi Industrial Chain Investment Co., Ltd., or Yingxi HK, its Hong Kong subsidiary. During
the fiscal year ended March 31, 2026, the Company disposed of its property management and subleasing business, and the results of such
business have been classified as discontinued operations. See Note 4, Disposition of Subsidiaries and Discontinued Operations,
for details.
As
of March 31, 2026, the Company’s principal subsidiaries consisted of the following entities:
SCHEDULE
OF PRINCIPAL SUBSIDIARIES ENTITIES
| Name of entity | |
Place of
incorporation | |
Principal
activities | |
Immediate
holding company | |
% of effective ownership
interest held by the
Group in 2026 | | |
% of effective ownership
interest held by the
Group
in 2025 | |
| Yingxi Industrial Chain Group Co., Ltd. (“Yingxi Seychelles”) | |
Republic of Seychelles | |
Investment holding | |
Addentax Group Corp. | |
| 100 | % | |
| 100 | % |
| Yingxi Industrial Chain Investment Co., Ltd. (“Yingxi HK”) | |
Hong Kong SAR | |
Investment holding | |
Yingxi Industrial Chain Group Co., Ltd. | |
| 100 | % | |
| 100 | % |
| Yingxi Textile & Garments Co., Ltd. (“WFOE”) (f/k/a Qianhai Yingxi Textile & Garments Co., Ltd.) | |
P. R. China | |
Investment holding | |
Yingxi Industrial Chain Investment Co., Ltd. | |
| 100 | % | |
| 100 | % |
| Shenzhen Yingxi Industrial Chain Services Co., Ltd. (“YX”) (f/k/a Shenzhen Qianhai Yingxi Industrial Chain Services Co., Ltd.) | |
P. R. China | |
Investment holding & Garment Manufacturing | |
Yingxi
Textile & Garments Co., Ltd. (f/k/a Qianhai Yingxi Textile & Garments Co., Ltd.) | |
| 100 | % | |
| 100 | % |
| Dongguan Heng Sheng Wei Garments Co., Ltd. (“HSW”) | |
P. R. China | |
Garment Manufacturing | |
Shenzhen
Yingxi Industrial Chain Services Co., Ltd. (f/k/a Shenzhen Qianhai Yingxi Industrial Chain Services Co., Ltd.) | |
| 100 | % | |
| 100 | % |
| Dongguan Yushang Clothing Co., Ltd. (“YS”) | |
P. R. China | |
Garment Manufacturing | |
Shenzhen Qianhai Yingxi Industrial Chain Services Co., Ltd. | |
| 100 | % | |
| 100 | % |
| Shenzhen Xin Kuai Jie Transportation Co., Ltd. (“XKJ”) | |
P. R. China | |
Logistics Services | |
Shenzhen Qianhai Yingxi Industrial Chain Services Co., Ltd. | |
| 100 | % | |
| 100 | % |
| Shenzhen Yingxi Peng Fa Logistic Co., Ltd. (“PF”) | |
P. R. China | |
Logistics Services | |
Shenzhen Qianhai Yingxi Industrial Chain Services Co., Ltd. | |
| 100 | % | |
| 100 | % |
| Keemo Fashion Group Limited (“KMFG”) | |
Nevada, the United States | |
Investment holding & Acquired operations | |
Addentax Group Corp. | |
| 62.18 | % | |
| Nil% | |
KMFG
was acquired near the end of the fiscal year ended March 31, 2026. As of March 31, 2026, KMFG’s revenue contribution was not significant,
and management does not currently present KMFG as a separate business line or reportable segment.
|