Addentax Group Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 31, 2025, Addentax Group Corp. (the “Company”) held its Annual Meeting of Stockholders for the fiscal year ended March 31, 2024 (the “Annual Meeting”). Set forth below are the four proposals that were voted on at the Annual Meeting and the stockholder votes on each such proposal, as certified by the inspector of elections for the Annual Meeting. These proposals are described in further detail in the Definitive Proxy Statement on Schedule 14A filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on March 10, 2025 (the “Proxy Statement”).
As of the close of business on March 5, 2025, the record date (the “Record Date”) for the Annual Meeting, 6,043,769 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), were issued, outstanding and entitled to vote. Holders of shares of Common Stock were entitled to one vote per share for each share of Common Stock held by them. Stockholders holding an aggregate of 2,815,701 votes were present at the Annual Meeting, in person or represented by proxy, which number constituted a quorum.
Proposal 1 – The five (5) nominees named in the Proxy Statement were elected at the Annual Meeting to serve as the Company’s directors until the next annual meeting of the Company’s stockholders and until each of their respective successors are elected and qualified or until each of their earlier resignation or removal. The final voting results with respect to the election of each such nominee were as follows:
| Nominee | For | Withheld | |||
| Hong Zhida | 2,021,495 | 11,049 | |||
| Hong Zhiwang | 2,021,079 | 11,465 | |||
| Li Weilin | 2,021,495 | 11,049 | |||
| Alex P. Hamilton | 2,021,075 | 11,469 | |||
| Xiao Jiangping (Gary) | 2,021,494 | 11,050 |
There were 783,157 broker non-votes with respect to each such nominee for the first proposal.
Proposal 2 – The appointment of Pan-China Singapore PAC as the Company’s independent registered public accountants for the fiscal year ending March 31, 2025 was ratified by the Company’s stockholders. The final voting results were as follows:
| For | Against | Abstain | |||
| 2,772,112 | 43,376 | 213 |
Proposal 3 – The non-binding advisory resolution on the compensation of the Company’s named executive officers was approved by the Company’s stockholders. The final voting results were as follows:
| For | Against | Abstain | |||
| 2,018,686 | 13,611 | 247 |
There were 783,157 broker non-votes with respect to the third proposal.
Proposal 4 – Three years has been selected by the Company’s stockholders as the frequency of the stockholder vote on the non-binding advisory resolution on the compensation of the Company’s named executive officers. The final voting results were as follows:
| One Year | Two Years | Three Years | Abstain | ||||
| 14,166 | 805 | 1,672,598 | 344,975 |
There were 783,157 broker non-votes with respect to the fourth proposal.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 31, 2025 | Addentax Group Corp. | |
| By: | /s/ Hong Zhida | |
| Name: | Hong Zhida | |
| Title: | Chief Executive Officer | |