Company overview

Most of Addentax Group Corp.’s revenue comes from moving and storing goods for trading and logistics companies in China. Its Guangdong subsidiaries XKJ and PF use their own vehicles and drivers, supplemented by contractors when coverage or capacity falls short. Customers pay for delivery, warehousing and related services, including customs clearance for exports.

Consulting is its next-largest business. Through Yingxi HK, it helps mainland Chinese and Hong Kong customers arrange overseas insurance, wealth planning and related cross-border services. It coordinates appointments, referrals and applications with outside brokers and providers, earning consulting fees and, where applicable, referral fees settled by those partners. It does not issue insurance policies or underwrite risk; customers pay premiums directly to insurers. This business depends on licensed providers where required, compliant referral arrangements and partner payments. One customer supplies most consulting revenue, and a few customers account for much of the group’s revenue.

Garment manufacturing is now a much smaller revenue source. Guangdong subsidiaries YX and YS make garments for high-end fashion brands and sell mainly to Chinese wholesalers. Orders depend on wholesalers’ and retailers’ sales to end customers.

Addentax is a Nevada holding company rather than the operating business itself. It relies on distributions from its Chinese subsidiaries, which are subject to profit-distribution and foreign-exchange restrictions that can limit cash transfers abroad.