On March 24, 2026, Addentax Group Corp. announced that its Compensation Committee approved the issuance of fully vested shares of common stock to key executives as part of its 2024 Equity Incentive Plan. The approved awards include 1,000,000 shares to Wu Rui, the Chief Operating Officer, and 183,335 shares to Hong Zhida, the President and Chief Executive Officer. The grant date for these awards is set for April 8, 2026, and they will be fully vested and non-forfeitable as of that date. This decision comes in the context of the company's anticipated 1-for-15 reverse stock split, effective March 30, 2026, which will proportionately adjust the number of shares subject to the grants. The share awards are part of the company's broader compensation strategy, recognizing the contributions of its leadership team. The move is expected to enhance executive retention and align their interests with those of shareholders, particularly as the company navigates significant structural changes with the upcoming stock split.

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