Addentax Group (ATXG) Pursues Strategic Partnership for Web3.0 Payment Infrastructure Development

Addentax Group Explores Strategic Cooperation in Web3.0 Payment Infrastructure

In a significant move to enhance its operational capabilities, Addentax Group Corp. (Nasdaq: ATXG) engages in discussions with KINGS UNITED HOLDING LIMITED to explore a strategic collaboration focused on integrating Web3.0 payment infrastructure alongside Real-World Asset (RWA) enablement within its supply-chain and settlement ecosystem. This prospective partnership aims to create a Hong Kong-licensed trust vehicle and could involve the transfer of up to 100 million KINGS native tokens, valued at approximately USD 10 million, representing an indicative 1% allocation. Such integration could position Addentax at the forefront of the evolving digital finance landscape by streamlining its payment processes and enhancing transaction transparency.

The potential alliance with KINGS UNITED HOLDING, a company with a strong foundation in developing multi-chain prepaid card systems and distributed credit frameworks, aligns closely with Addentax's vision of bridging traditional and digital payment environments. The collaboration is expected to bolster Addentax's capabilities in tokenized settlement and improve the efficiency of international payment flows. CEO Mr. Hong Zhida stresses the critical need for exploring blockchain technology as a means to fortify supply-chain operations and optimize payment architectures on a global scale. This strategic direction reflects Addentax's commitment to innovation and adaptation in an increasingly digital marketplace.

As part of its long-term growth strategy, Addentax Group is not only focused on this potential partnership but is also actively evaluating other strategic alternatives to enhance shareholder value. The company recognizes the importance of addressing operational and regulatory considerations to ensure successful execution of its initiatives. By exploring collaborations that align with its digital asset infrastructure goals, Addentax aims to solidify its position within the garment manufacturing, logistics, and property management sectors, while also paving the way for new digital monetization channels.

In addition to the strategic cooperation discussions, Addentax Group continues to demonstrate its integrated service provision in garment manufacturing and logistics services. This commitment to a diversified operational approach allows the company to remain competitive in a rapidly changing business environment. The ongoing evaluation of potential partnerships underscores Addentax's proactive stance in adapting to industry trends and regulatory landscapes for future success. For further details about their initiatives, interested parties can visit their website at https://www.addentax.com/.