On March 30, 2026, Keemo Fashion Group Limited reported a significant change in control as a result of a stock purchase agreement executed on February 17, 2026. The agreement involved Guang Wen Global Group Limited as the seller and Addentax Group Corp. as the buyer. Under the terms of the agreement, Addentax Group Corp. acquired 34,200,000 shares of Keemo's common stock, representing approximately 62.18% of the voting power of the company on a fully diluted basis. The total purchase price for the shares was approximately $5.5 million, which was satisfied through the transfer of a portion of an existing bond held by Keemo. This transaction marks a pivotal moment for the company, as it transitions to new ownership, which may impact its strategic direction and operational execution moving forward. The company had previously disclosed details of this transaction in its filings on February 19, 2026, and March 16, 2026. The implications of this change in control could affect investor confidence and market perception, leading to a cautious outlook for the company's future performance.

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