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Addentax Group Corp. Hits Milestone with Nasdaq Compliance

In a significant turn of events, Addentax Group Corp. has announced its successful restoration of compliance with the Nasdaq Listing Rule 5450(a)(1). On March 3, 2025, the company revealed that it has met the necessary minimum bid price requirement following a tumultuous period for its stock.

Background of Compliance Issues

The journey back to compliance began on April 24, 2024, when Addentax was informed by Nasdaq that its shares had failed to meet the essential bid price of $1.00 over a period of 30 consecutive trading days. This notification not only put the company under pressure but also sparked concern among its shareholders about the future of the business.

The Road to Recovery

However, the resilience of Addentax became apparent as the company took swift action to address its stock performance. Over the following months, strategic measures were implemented to boost the company's outlook, ultimately proving effective. The positive momentum culminated as Nasdaq confirmed that for ten consecutive business days, from February 7 to February 21, 2025, Addentax's stock price consistently closed at or above the required threshold.

This restoration marks a key milestone for Addentax. It underscores not only the company's commitment to compliance with market regulations but also its resolve in navigating through potential challenges associated with stock performance and investor confidence.

About Addentax Group Corp.

Established as an integrated service provider in the garment industry, Addentax’s operations extend into logistics services and property management as well as subleasing. The company’s dedication to its core operational areas reflects its robust business model tailored to meet market demands. More details about their services and operational insights can be found on their official website at Addentax.

Looking Ahead

This announcement of regained compliance serves to strengthen the confidence of investors and stakeholders alike, opening the door for future growth and investment opportunities for Addentax. Looking ahead, the company remains focused on enhancing productivity and exploring additional services, fostering sustainable growth in the competitive landscape of garment manufacturing and logistics.

In conclusion, the successful restoration of compliance with Nasdaq not only alleviates immediate pressures but also sets a precedence for future operations, guiding Addentax towards a promising horizon in the capital markets.

Forward-Looking Statements

While the company expresses robust optimism about its future, statements regarding growth should be viewed with caution, recognizing the inherent risks and uncertainties involved. As noted, all forward-looking statements involve factors that could lead to different outcomes than those projected. Shareholders and potential investors are encouraged to consider these aspects and review the company's filings with the SEC for comprehensive risk disclosures.