ADDENTAX GROUP CORP. (OTCMKTS:ATXG) Files An 8-K Changes in Control of Registrant
Item 5.01 Changes in Control of Registrant.
On November 21, 2016, Otmane Tajmouati, the holder of an
aggregate of 6,000,000 shares of Common Stock of Addentax Group
Corp. (the Company), representing approximately 86.71% of the
issued and outstanding shares of Common Stock of the Company,
sold all 6,000,000 of his shares of Common Stock to the
purchasers shown in the table below, each of whom now
beneficially owns greater than 5% of the Companys issued and
outstanding shares of Common Stock (the Purchasers), for a total
purchase price of $253,200.00.
As a result of the transaction on November 21, 2016 (the Closing
Date), the Purchasers collectively own Common Stock representing
approximately 86.71% of the issued and outstanding shares of
Common Stock.The purchase of common stock by the Purchasers was
financed with the personal savings of the Purchasers.
The following table sets forth, as of November 28, 2016, certain
information regarding the beneficial ownership of the shares of
Common Stock by: (i) each person who, to the Companys knowledge,
beneficially owns 5% or more of the shares of Common Stock and
(ii) each of the Companys directors and named executive officers.
As of the November 28, 2016, there were 6,920,000 shares of
Common Stock issued and outstanding.
|
Title of class |
Name and address of beneficial owner |
Amount |
Percent of class |
||
|
Officers and Directors |
|||||
|
Common |
Otmane Tajmouati, Departing CEO and Departing Director |
0* |
*0 |
% |
|
|
Common |
Yu Keying Number 4, Second Lane,
East Zone, Xinsancun, Buji Street, Longgang District,
CEO, President, Secretary, Treasurer, CFO, Director, |
3,800,000 |
54.91 |
% |
|
|
Total Officers and Directors |
3,800,000 |
54.91 |
% |
||
|
Common |
22 Individual Shareholders (1) |
2,200,000 |
31.8 |
% |
|
|
Total Other Shares |
2,200,000 |
. |
% |
||
|
* |
Otmane Tajmouati sold all of his 6,000,000 shares of the Companys Common Stock, effective November 21, 2016, and now owns 0%. |
|
(1) |
The remaining 2,200,000 of Otmane Tajmouatis shares of the Companys Common Stock were sold to Twenty-Two (22) individual shareholders, each of whom beneficially owns less than 5% of the total issued and outstanding shares of Common Stock as of November 28, 2016. |
The above table reflects share ownership as of November 28, 2016,
and after giving effect to the transactions that took place on
the Closing Date. Each share of Common Stock has one vote per
share on all matters submitted to a vote of our shareholders. We
have no preferred stock issued and outstanding.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers.
On the Closing Date, Mr. Tajmouati resigned from all officer
positions with the Company and resigned as Director, and Chairman
of the Board. The Company did not have any committees, and
therefore Mr. Tajmouati never served on any committees. Mr.
Tajmouati did not resign as a result of any disagreement with the
Company.
Mr. Yu Keying was appointed Chairman of the Board, and the Board
appointed him to the following officer and director positions:
|
Name |
Age |
Position(s) |
|
Yu Keying |
|
CEO, President, Secretary, Treasurer, CFO, Director, |
Yu Keying – Chief Executive Officer, President, Secretary,
Treasurer, CFO, Director, Chairman of the Board
Mr. Yu, age 48, graduated with a diploma in 1986 from Buji High
School in China.
Subsequent to his graduation, from July 1986 to present, Mr. Yu
has been working in Shenzhen Mailang Garments Co. Ltd as Manager.
Shenzhen Mailang Garments Co. Ltd is an enterprise responsible
for developing, producing and selling garments of two main
leisure mens brands called Mylooo and Tannoy covering T-shirts,
sweaters, windbreaker and other product lines. There are numbers
of sales outlets in Guangzhou, Beijing, Shanghai, Hong Kong,
Taiwan and other overseas market. Mr Yu has been responsible for
company operations related to product development and sales
management. With many years of extensive experience in manager
position, Mr. Yu is qualified to serve as a director of the
Company.
The Company has not entered into any material plan, contract or
arrangement (whether or not written) with Yu Keying as of
November 28, 2016.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit No. |
Description |
|
10.1 |
Written Board Consent Appointing New Officer and Director |
|
10.2 |
Resignation Letter of Otmane Tajmouati |
About ADDENTAX GROUP CORP. (OTCMKTS:ATXG)
Addentax Group Corp. is a development-stage company. The Company is working on a field of producing images on a multiple surfaces, such as glass, leather, plastic, ceramic, textile, and others using three-dimensional (3D) sublimation vacuum heat transfer machine. The 3D sublimation vacuum heat transfer machine does not require technical skills for product production. A set of printing machines includes the machine itself and all raw materials for setting up and testing, and raw materials for production process. Materials for images can be varied, such as ceramics, glass, crockery, metal, clothing, caps, bags, leather products and other products. Its products are intended for individuals, business owners associated with the sale of souvenirs, and business owners intending to order souvenirs in the corporate style. It also intends to conclude a contract of carriage with local shipping companies for delivery of its goods to cities such as Meknes, Rabat, Kenitra and across the world.
