Addentax Group Corp. Announces Change in Independent Auditor

Key Points:

• Addentax Group Corp. (NASDAQ: ATXG) has announced a change in its independent registered public accounting firm.
• The company dismissed its previous auditor, PCS, and appointed HML PLT as its new independent auditor, effective March 25, 2026.
• This change comes after PCS audited Addentax’s financial statements for the fiscal years ended March 31, 2024 and 2025.
• PCS’s reports contained no adverse opinion or disclaimer, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
• No disagreements or reportable events occurred between Addentax and PCS during the relevant periods.
• PCS has provided a confirmation letter agreeing with the company’s disclosures regarding their dismissal.
• HML PLT has not previously consulted with Addentax regarding accounting principles, audit opinions, or any matters that were the subject of disagreement or reportable events.

Detailed Article:

Addentax Group Corp., a company listed on the Nasdaq Capital Market under the ticker symbol ATXG, has announced a significant corporate development that may be of interest to investors and shareholders. On March 25, 2026, the company reported in a Form 8-K filing a change in its independent registered public accounting firm.

The company dismissed its prior auditor, PCS, who had been responsible for auditing Addentax’s financial statements for the fiscal years ended March 31, 2024 and March 31, 2025. According to the filing, PCS’s reports for these periods did not contain any adverse opinions, disclaimers, or modifications relating to uncertainty, audit scope, or accounting principles. Furthermore, there were no disagreements between Addentax and PCS concerning accounting matters, financial statement disclosure, or auditing procedures. There were also no reportable events as defined under Item 304(a)(1)(v) of Regulation S-K.

In accordance with regulatory requirements, Addentax provided PCS with a copy of the 8-K filing and requested that PCS issue a letter to the SEC confirming their agreement with the company’s disclosures relating to the change. PCS responded with a letter dated March 25, 2026, confirming its agreement with the statements made regarding its dismissal.

As part of this transition, Addentax has engaged HML PLT as its new independent registered public accounting firm for the fiscal year ending March 31, 2026. The company confirmed that neither Addentax nor anyone acting on its behalf has previously consulted with HML PLT on the application of accounting principles to any specific transaction, nor on the type of audit opinion that might be rendered. There were also no consultations related to matters that would have constituted a disagreement or reportable event.

Shareholder Considerations & Potential Price Sensitivity:

• Changes in independent auditors can be price-sensitive, especially if they are due to disagreements or issues relating to financial reporting or corporate governance. However, Addentax’s filing clearly states that the change was not a result of any such issues.
• The company’s financial reporting history remains unqualified, and there have been no adverse events with the previous auditor.
• PCS’s confirmation letter supports the company’s assertion that the change was amicable and procedural.
• Investors should monitor future filings for updates from the new auditor, HML PLT, including the upcoming annual audit for fiscal year 2026.
• This change, while orderly and without reported issues, is a material event and may attract attention regarding the company’s internal controls and financial reporting processes.

Other Information:

• Addentax Group Corp. remains listed on NASDAQ with the trading symbol ATXG.
• The company is not classified as an emerging growth company, nor has it elected to use the extended transition period for complying with new or revised financial accounting standards.
• No other price-sensitive disclosures were made in the filing.

Conclusion:

The change in independent auditor for Addentax Group Corp. is a noteworthy event for shareholders and investors, though the company has indicated there were no disagreements or adverse findings associated with the prior auditor. While the transition appears routine and without controversy, investors should remain attentive to future filings and audit reports from HML PLT to ensure continued transparency and integrity in financial reporting.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Investors should conduct their own due diligence and consult with their financial advisors before making investment decisions.

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