Item 5.07 Submission of Matters to a Vote of Security Holders.
OnMarch 20, 2023 ,Addentax Group Corp. (the "Company") held its 2023 Annual Meeting of Stockholders (the "Annual Meeting"). All capitalized terms used herein and not otherwise defined in this Coordination Agreement will have the meanings set forth in the Definitive Proxy Statement Schedule 14A datedFebruary 21, 2023 . The following matters were considered at the Annual Meeting: 1. Board Election Proposal Stockholders elected all of the Company's nominees for director for one-year terms expiring on the next annual meeting of stockholders. The voting results were as follows: Outstanding Shares Voted Shares For Withhold Broker Non-Vote - % Voted For - % Voted For 1. Hong Zhida 18,410,155 32,309 1,466,517 51.95 % 99.82 % 2. Hong Zhiwang 18,410,933 31,531 1,466,517 51.95 % 99.83 % 3. Yu Jiaxin 18,384,388 58,076 1,466,517 51.95 % 99.69 % 4. Alex P. Hamilton 18,392,071 50,393 1,466,517 51.95 % 99.73 % 5. Jiangping (Gary) Xiao 18,416,465 25,999 1,466,517 51.95 % 99.86 %
2. Convertible Note and Warrant Share Issuance Proposal
Stockholders approved the issuance of shares of common stock of the Company to certain accredited investors pursuant to the Securities Purchase Agreement, datedJanuary 4, 2023 , as amended, the Convertible Notes and PIPE Warrants, for the purposes of complying with NASDAQ Listing Rule 5635. The voting results
were as follows: Outstanding Shares Voted Shares For Against Abstain Broker
Non-Vote - % Voted For - % Voted For
18,375,006 65,097 2,361 1,466,517 51.82 % 99.64 % 2
3. Amendment to Amended and Restated Articles of Incorporation to increase authorized shares of Common Stock
Stockholders approved an amendment to the Company's Amended and Restated Articles of Incorporation, as amended (the "Articles of Incorporation"), to increase the number of authorized shares of Common Stock. The voting results were as follows:
Outstanding Shares Voted Shares For Against Abstain Broker
Non-Vote - % Voted For - % Voted For
19,634,707 269,980 4,294 - 55.37 % 98.64 %
4. Reverse Stock Split Proposal
Stockholders have approved the Reverse Share Split of the Company's ordinary shares, par value$0.001 per share (the "Ordinary Shares"), to be effective at a ratio and on a date to be determined by the Company's Board of Directors, and the form of amendments to the Company's Amended and Restated Articles and Memorandum of Association to effect such reverse share split. The voting results were as follows: Outstanding Shares Voted Shares For Against Abstain Broker
Non-Vote - % Voted For - % Voted For
19,656,510 252,103 368 - 55.44 % 98.73 %
5. Auditor Ratification Proposal
Stockholders approved and ratified the appointment of BF Borgers CPA PC to serve as the Company's independent registered public accounting firm for the 2023 fiscal year. The voting results were as follows:
Outstanding Shares Voted Shares For Against Abstain Broker Non-Vote - % Voted For - % Voted For 19,808,984 86,683 13,314 - 55.87 % 99.56 %
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits filed or furnished with this report are listed in the following Exhibit Index:
Exhibit No. Description 3.1 Amendment to the Amended and Restated Articles of
Incorporation
104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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