Addentax Group Corp. is Launching AI Automation Internet Operations Tools Project with Top Game as a Service Companies

SHENZHEN, China, June 30, 2023 /PRNewswire/ — Addentax Group Corp. (“Addentax” or the “Company”) (NASDAQ: ATXG), an integrated services provider focused on garment manufacturing, logistics services, management and sub-leasing of property and prevention supplies epidemics, today announced that it has formed a cooperation leading several game as a service (“GaaS”) companies to launch a project focused on the development of artificial intelligence (“AI”) online operation tools (the “AI Project”). As the technology landscape rapidly evolves and AI continues to assert its influence across a diverse range of industries, Addentax is poised to expand its business portfolio by embracing the transformative potential of AI.

The AI ​​project is mainly focused on the implementation of AI online operation tools, which are crucial for the continuous refinement and updating of content within online games. These tools allow gaming companies to optimize their marketing strategies, creating sustainable profitability. AI online operation tools have produced substantial revenue growth in popular games.

The AI ​​project is led by an experienced management and development team, made up of seasoned professionals with extensive experience in AI and games from leading collaborating GaaS companies. Team members have held senior positions in esteemed companies such as Tencent Holdings Limited (HKEx: 0700), LinkedIn Corporation and Respawn Entertainment LLC (Nasdaq: EA). Their collective experience spans various industries and fields, including but not limited to game development, AI language modeling, and successful commercialization of AI tools, positioning them as key innovators in the industry.

Mr. Hong Zhida, President and CEO of Addentax, said, “Our diversification into AI-focused industries marks a significant milestone, especially in AI language models and ChatGPT. Our aspiration is to develop AI language models and commercialize these models in different sectors, including internet gaming and industrial applications. We are actively exploring opportunities within the AI ​​and ChatGPT domains.”

“Through the AI ​​project, Addentax is poised to embark on a transformational journey in the AI ​​industry. As we expand our portfolio to include AI online operations teams and tools, we remain committed to driving innovation, leveraging the expertise of the proficient artificial intelligence and creating solutions that push technological boundaries. We believe these efforts have the potential to deliver unprecedented user experiences in the gaming industry and beyond. We anticipate that this strategy could potentially reposition our role and market presence in the landscape of AI, uncovering untapped opportunities and driving substantial growth in the future,” Hong added.

About Addentax Group Corp.

Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, property management, subletting, and epidemic prevention supplies. Its apparel manufacturing business includes sales to wholesalers and is based in China. The logistics business, which includes delivery and express services, covers 79 cities in 7 provinces and 2 municipalities in China. The property management and sublease business provides relevant services to apparel wholesalers and retailers in the apparel market. The Epidemic Prevention Supplies business includes the manufacture and distribution of quarantine products, as well as the resale of supplies purchased from third parties in domestic and overseas markets. More information please visit the website: https://www.addentax.com/.

Safe Harbor Statement

All statements other than statements of historical fact in this announcement are forward-looking statements in nature pursuant to the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is /likely” or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or changes in its expectations, except as required by law. While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove to be correct and the Company cautions investors that actual results could differ materially from anticipated results and encourages investors to consider risks, including those described in the Company’s SEC filings, that could affect the Company’s future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by such risk factors. The forward-looking events discussed in this press release and other statements made by us or our representatives from time to time may not occur and actual events and results could differ materially and are subject to risks, uncertainties and assumptions about us. We are under no obligation to publicly update or revise any forward-looking statements, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made by us or our representatives from time to time may not materialize.

Public Relations Contact:
Addentax Group Corp.
Telephone: + (86) 755 86961 405
cyseah@zgyingxi.com

Investor Relations Contact:
Sherry Zheng
Weitian Group LLC
1-718-213-7386
shunyu.zheng@weitian-ir.com

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SOURCE Addentax Group Corp.

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