Addentax Group (ATXG) Pursues Strategic Partnership with KINGS UNITED for Web3.0 Integration

Addentax Group Explores Strategic Partnership with KINGS UNITED HOLDING

Addentax Group Corp. (Nasdaq: ATXG) is currently engaged in discussions with KINGS UNITED HOLDING LIMITED to explore a strategic cooperation that focuses on integrating Web3.0 payment infrastructure and Real-World Asset (RWA) enablement into its supply-chain and settlement ecosystem. This initiative signifies a pivotal shift in how Addentax approaches digital transactions and asset management, aligning with the broader industry movement towards decentralized finance. The proposed collaboration may involve the establishment of a Hong Kong-licensed trust vehicle and a significant token transfer of up to 100 million KINGS native tokens, estimated to be valued at approximately USD 10 million. This token allocation reflects an indicative 1% stake, signaling KINGS' commitment to enhancing Addentax’s operational capabilities.

The potential partnership is expected to significantly bolster Addentax's operations by facilitating tokenized settlements and improving transparency in international payment flows. KINGS UNITED HOLDING, a British Virgin Islands holding group, possesses extensive expertise in developing multi-chain prepaid card systems and distributed credit frameworks, functioning as a bridge between traditional Web2.0 payment systems and emerging Web3.0 technologies. Addentax's CEO, Mr. Hong Zhida, highlights the importance of blockchain infrastructure in enhancing supply-chain operations and refining international payment architecture, thereby creating new digital monetization channels that could reshape the company’s financial landscape.

In addition to exploring this strategic partnership, Addentax Group remains committed to advancing its position in digital asset infrastructure. The management is actively evaluating strategic alternatives to safeguard shareholder value while navigating operational and regulatory challenges. This proactive approach underscores Addentax’s dedication to innovation and adaptability in a rapidly evolving digital economy, ensuring that it remains competitive within the garment manufacturing, logistics, and property management sectors.

Beyond its discussions with KINGS UNITED HOLDING, Addentax Group continues to focus on its integrated service provision model, which encompasses garment manufacturing, logistics, and property management. This multi-faceted approach not only enhances operational efficiency but also positions the company favorably within the supply chain ecosystem.

As Addentax progresses with its strategic plans, stakeholders can anticipate further developments in its digital asset initiatives and collaborative efforts aimed at fostering growth and innovation in its core business areas. For more details, visit Addentax's website at https://www.addentax.com/.