1

(ATXG)

Addentax Group Corp. Investor PresentationSeptember 2019

2

Safe Harbour Statement

This presentation includes statements that are, or may be deemed, "forward-looking statements." In some cases these forward-lookingstatements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," expects,""plans," intends," "may," "could," "might," "will," "should," "approximately," "potential," or in each case, their negative or other variationsthereon or comparable terminology, although not all forward-looking statements contain these words. They appear in a number of placesthroughout this presentation and include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectationsconcerning, among other things, the logistics and textile market in China, the prospects of our logistics and garment manufacturing businessesas stated herein.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics, andregulatory developments and depend on the economic circumstances that may or may not occur in the future or may occur on longer orshorter timelines than anticipated. Although we believe that we have a reasonable basis for each forward-looking statement contained in thispresentation, we caution you that forward-looking statements are not guarantees of future performance and that our actual results ofoperation, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained in this presentation as a result of, among other factors, the factors referenced in the “Risk Factors” section ofthe prospectus contained in the registration statement on Form S-1 initially filed with the Securities and Exchange Commission (the “SEC”) onApril 18, 2019, as amended on August 7, 2019, for our proposed initial public offering (the "Registration Statement"). In addition, even if ourresults of operations, financial conditions and liquidity, and the development of the industry in which we operate are consistent with theforward-looking statements contained in this presentation, they may not be predictive of results or developments in future periods. Anyforward-looking statement that we make in this presentation speaks only as of the date of such statement, and we undertake no obligation toupdate such statements to reflect events or circumstances after the date of this presentation.

You should read carefully the factors described in the "Risk Factors" section of the prospectus contained in the Registration Statement tobetter understand the risks and uncertainties inherent in our business and any forward-looking statements.

3

Free Writing Prospectus Statement

This presentation highlights basic information about us and the offering. Because it is a summary, it does not contain all of the information that you should consider before investing.

We have filed the Registration Statement (including a prospectus) with the SEC for the offering to which this presentation relates. The Registration Statement has not yet become effective. Before you invest, you should read the prospectus in the Registration Statement (including the risk factors described therein) and other documents we have filed with the SEC in their entirety for more complete information about us and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at http://www.sec.gov. The preliminary prospectus, as amended on August 7, 2019, contained in the Registration Statement, is available on the SEC Website at: https://www.sec.gov/Archives/edgar/data/1650101/000149315219011784/forms-1a.htm.

Alternatively, we or any selling agent participating in the offering will arrange to send you the prospectus if you contact Network 1 Financial Securities, Inc., 2 Bridge Ave, Suite #241, Red Bank, NJ 07701, or by calling +1 (800)-886-7007.

4

Table of Content

05 Financials

04 Investment Highlights

03 Industry Overview

02 Company Overview

01 Offering Summary

5

PART 01O f f e r i n g

S u m m a r y

6

Service Providers

Underwriter

Auditor PRC CounselInvestor

Relations

Underwriter Counsel

Issuer Counsel

7

Offering Summary

Issuer Addentax Group Corp.

Securities Common Stock

Type of Offering “Best efforts, minimum/ maximum” basis

Ticker (proposed) NasdaqCM: ATXG

Pre-Offering Shares Outstanding 25,346,004

Number of Shares Offered Minimum:1,150,000; Maximum: 4,000,000

Post-Offering Shares Outstanding Minimum: 26,496,004; Maximum: 29,346,004

Offering Price per Share $5.00

Gross Proceeds Minimum: $5,750,000; Maximum: $20,000,000

Post- Offering Valuation $132 million ~ $147 million

Use of Proceeds (i) Working capital and general corporate purposes

(ii) Fund Existing Businesses

(iii) Expansion of garment manufacturing business

(iv) Expansion of logistic business

Underwriter

Target Offering Date 2H 2019

8

PART 02C o m p a n y

O v e r v i e w

9

Corporate Structure

2001• Xin Kuai Jie Transport Co., Ltd (“XKJ”), a logistic

services provider, was incorporated.

9

2006• Shenzhen Hua Peng Fa Logistics Co., Ltd (“HPF”), a

logstic services provider, was incorporated.

2009• Dongguan Heng Sheng Wei Garments Co., Ltd

(“HSW”), a garment manufacturer, was incorporated. • Shantou Chenghai Dai Tou Garments Co., Ltd (“DT”), a

garment manufacturer, was incorporated.

2014• Addentax Group Corp. was incorporated in the State

of Nevada.

2016• Yingxi Industrial Chain Investment Co,. Ltd (“Yingxi

HK”) was incorporated in Hong Kong.• Qianhai Yingxi Textile & Garments Co., Ltd (“QYTG”)

was incorporated.• Shenzhen Qianhai Yingxi Industrial Chain Services Co.,

Ltd (“YX”) was incorporated.• Yingxi Industrial Chain Group Co., Ltd (“Yingxi”) was

incorporated.• ATXG acquired 250,000,000 shares of the issued and

outstanding stock of Yingxi.• ATXG, together with Yingxi and its subsidiaries (the

“Company”), engaged in the business of garments manufacturing and providing logistics services.

10

Management

Hong, ZhiwangHong, Zhida

Huang, Chao

Executive Director Chairman, CEO, President and Secretary

CFO and Treasurer

• Chairman, CEO, President and Secretary of the Company since March 2017

• Director of China Huiying Joint Supply Chain Group Co. Ltd. since June 2014

• Head of Membership Department of the Guangzhou Haifeng Chamber of Commercefrom September 2013 to May 2014

• Bachelor’s Degree in Electronic Information Science and Technology from Sun Yat-sen University

• Executive Director of the Company since March 2019

• Brand marketing manager at Addentax Group Corp. since 2018

• PDM Software Engineer for Hongfan Computer & Technology Co., Ltd. in 2014

• Bachelor’s Degree in Automation Engineering from Beijing Institute of Technology University Zhuhai Campus, China

• CFO and Treasurer of the Company since March 2019

• Secretary to Chairman in Addentax Group Corp. since 2016

• Bachelor’s Degree in Marketing from Shaoguan University, China; Bachelor’s Degree in International Logistics and Trade Finance from University of Northampton, United Kingdom; Master’s Degree in Finance and Investment Management from University of Liverpool, United Kingdom

11

Independent Directors

Independent Director

• Independent Director of the Company since March 2019

• CFO of a multinational security services company

• Audit Senior Manager and Asian Services Leader in a Top 10 ranked International CPA firm in the United States

• Bachelor’s Degree in Accountancy and Law from City University of Hong Kong

• Professional accountancy qualifications from the ACCA and HKICPA

Independent Director

• Independent Director of the Company since March 2019

• Senior Human Resources Director of Kingkey Capital Management Co., Ltd. since 2008

• Bachelor’s Degree in Business Management from Nankai University, China

Independent Director

• Independent Director of the Company since March 2019

• Information and Network Center Director in Xinhua College of Sun Yat-sen University since 2005

• Leader of Computer Application & Technology program in Guangdong Polytechnic College since 2015

• Bachelor’s Degree in Computer Science & Technology; Master’s Degree in Software Engineering from Sun Yat-sen University, China

Yu, JiaxinNg, Chung Chi Li, Weilin

12

Company Overview

Note: FY: Fiscal Year ends March 31.

We are a garment manufacturer and logistics services provider based in China.

• Sales made principally to wholesalers located in the PRC

• Own manufacturing facilities, with sufficient production capacity and skilled workers

Garment Manufacturing

FY19*34% of total revenues9.1% of gross margin

• Delivery and courier services covering 7 provinces in China

• Outsource some business operations to contractors

Logistics

FY1966% of total revenues14.7% of gross margin

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Garment Manufacturing

Customer relationship team• Cultivate and maintain customer relationships• Inform fabric team to carry out raw material sourcing after order confirmationsDesign team• Make recommendations to customers based on designsFabric team• Make recommendations on the types of fabric to be used• Work with the R&D team to identify different fabrics and improve the quality and comfort of the fabricsProduct and technical team• Develop samples of products• Prepare structural and production guidance relating to products• Produce paper patterns for the garment production team Garment production team• Produce garments based on the raw materials • Garment production steps include: paper patterning, fabric cutting, sewing, interim quality inspection, trimming,

washing, and ironing

Operations

• More purchase orders during FY2Q(CY3Q) and FY3Q(CY4Q)

• Fewer manufacture orders during May and June

Seasonality

• Old Customers: Payment terms between 30 to 180 days

• New customers: Advances or deposits required

Credit Period

Manufacture garments for various high-end fashion brands through 2 wholly-owned subsidiaries,HSW and HPF. Both are located in Guangdong Province.

Procedures for fabric production• (1) spinning; (2) weaving or knitting; (3) dyeing or printing; and (4) finishing• 4 to 6 weeks to source raw materials from suppliers

Note: FY- Fiscal YearCY- Calendar Year

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Logistics

Pack products and provide logistics services through 2 of our wholly-owned subsidiaries, XKG, and HPF. Both are located in Guangdong Province.

• In-house logistics teams deliver to approximately 7 provinces and 2 municipalities in the PRC

• Outsource delivery to third-party contractors for delivery fleet outside covered areas

• Over 100 logistics locations• Located in 7 provinces and 2

municipalities covering 66 cities in the PRC

Network

• More delivery orders in FY3Q (CY4Q) and FY4Q (CY1Q)

• More shipping delays during Chinese New Year due to traffic and port congestion, border crossing delays and customs clearance issues

Seasonality

• Setting out business strategies and managing daily operation

• Regular meetings with different departments, and conduct inspection

Internal Management

• Require payments from the customers between 30 to 90 days

Credit Period

Our logistics services

Provide comprehensive logistics services including:• Storage, transportation,

warehousing, handling, packaging and order processing

Provide customs declaration and tax clearance services for exporting goods overseas

Note: FY- Fiscal YearCY- Calendar Year

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Competitive Strengths

Cost-effective Production

• One-stop service optimizes production efficiency and reduces costs

• Produce garments in our own production facilities

• Employ in-house transportation teams to deliver garments

Strong Design Capabilities

• 4 members in the design team as of March 31, 2019

• Work closely with customers to understand their needs and make recommendations

• Conducts market research and attends industry exhibitions

Stringent Quality Control

• 15 employees in the production department as of March 31, 2019

• Prepare inspection reports to address any quality problems and make recommendations to improve the quality of products

Extensive Delivery Network

• Logistics business has 9 routes and covers 66 cities in 7 provinces and 2 municipalities in the PRC

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Growth Strategy

Sales of Raw Materials Develop Own Brands Expand Delivery Network Develop Intl. Logistics

Services

• Intend to enter into exclusive agreements with textile and garment suppliers in Southeast China

• Intent to set up several retailers for the sales of textiles and garments to retail customers and supply textiles and garments exclusively to various high-end fashion brands

• Intend to develop our own brands that focus on fast fashion with teenagers being our primary target customers

• Intend to register trademarks for our own brands

• Advertising campaigns• Distribute products in different

channels

• Intend to open our logistic locations in 20 more cities in the PRC in the third and fourth quarters of 2019

• Intend to develop international logistics services and international warehousing services for customers located all over the world

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PART 03I n d u s t r y

O v e r v i e w

18

Industry Overview

Total value of the logistics market in China from 2012 to 2017

(RMB Trillion)

https://www.statista.com/statistics/702498/china-logistics-market-value/

19

Industry Overview

https://www.statista.com/chart/6045/china-is-top-of-the-online-fashion-world/

20

PART 04I n v e s t m e n t

H i g h l i g h t s

21

Investment Highlights

Strong Delivery Network

Over 100 logistics locations

covering 66 cities in China, and intend to add more logistics locationsto cover 20 more cities

Steady Market Growth

Both the logistics market and garment market in

China grow steadily every year

Nasdaq Listing

Successful Nasdaq listing would raise the

Company profile and potentially provide funds

for expansion plans

In-House Support

In-house transportation teams to support the Company's garment

delivery business

Attractive Gross Margin

The Company's logistics business had a 14.7% gross margin during FY19*, and

the garment manufacturing business's gross margin is expected to increase after

creating its own brand

Note: FY: fiscal year ends March 31.

22

PART 05 F i n a n c i a l s

23

Financial Highlights

$10 Million

▪ Revenue decreased by

25% YoY to $10.0

million in FY19

▪ Gross margin

increased 2.1

percentage points to

12.8% in FY19

compared to FY18

FY19 Revenue

$(0.027) FY19EPS

EPS ($)Revenues ($’000) and Gross Margin (%)

Note: FY: fiscal year ends March 31.

5.3

13.4

10.0

2.7 2.2

4.8%

10.7%

12.8%

10.8%

16%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

FY17 FY18 FY19 1QFY19 1QFY20

(0.015)

(0.028) (0.027)

(0.006)

(0.014)

FY17 FY18 FY19 1QFY19 1QFY20

US

Do

llars

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Income Statement

Note: Fiscal year ends March 31

Income Statement(US$ thousands, except per share data)

FY17 FY18 FY19 1QFY19 1QFY20

Revenues 5,336 13,438 10,027 2,732 2,209

Cost of revenues (5,079) (11,996) (8,744) (2,437) (1,852)

Gross profit 256 1,442 1,283 295 358

Selling and marketing (8) (25) (18) (5) (7)

General and administrative (623) (1,672) (1,948) (464) (704)

Total operating expenses (630) (1,698) (1,966) (469) (712)

Operating income (loss) (374) (256) (683) (174) (354)

Impairment loss on goodwill - (455) - 0 0

Other income, net 16 21 (3) 14 (11)

Loss before income tax expense (358) (690) (686) (160) (365)

Income tax expense (credit) (14) (19) (9) (1) (2)

Net loss (372) (709) (694) (161) (367)

Foreign currency translation gain (loss) 20 (152) 97 75 37

Total comprehensive loss (352) (861) (598) (86) (330)

EPS - basic & diluted (0.015) (0.028) (0.027) (0.006) (0.014)

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Balance Sheet

Balance Sheet(US$ thousands)

3/31

2017

3/31

2018

3/31

2019

6/30

2019Cash and cash equivalent 177 265 277 299 Account receivables, net 4,777 3,417 1,798 1,748 Inventories, net 445 239 318 413 Other receivables 1,105 2,005 178 96 Advance to suppliers 323 266 230 127 Amounts due from related parties 128 202 - -Total current assets 6,955 6,395 2,802 2,682

Plant and equipment, net 663 649 694 728 Goodwill 930 475 475 475

- - - 470 Total non-current assets 1,593 1,124 1,169 1,673 TOTAL ASSETS 8,548 7,518 3,972 4,355

Short – term loan - - 224 218 Accounts payable 1,611 1,550 884 601 Amount due to related parties 2,907 5,319 4,204 4,645 Advance from customers 1,048 1,562 103 52 Accrued expenses and other payables 199 186 260 779 Bank borrowings 3,026 - - -Income tax payable 1 6 - -Total current liabilities 8,792 8,623 5,674 6,296

Total non-current liabilities - - - 92 TOTAL LIABILITIES 8,792 8,623 5,674 6,388

Common stock 500 507 25 25 Additional paid-in capital (414) (421) 61 61 Retained earnings (losses) (372) (1,081) (1,776) (2,143)Statutory reserve 22 22 22 22 Accumulated other comprehensive income (loss) 20 (132) (35) 2 Total equity (deficit) (244) (1,105) (1,703) (2,033)TOTAL LIABILITIES AND EQUITY (DEFICIT) 8,548 7,518 3,972 4,355

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Statement of Cash Flows

Note: Fiscal year ends March 31

Statement of Cash Flows(US$ thousands)

FY17 FY18 FY19 1QFY19 1QFY20Net loss (372) (709) (694) (161) (367)Depreciation 35 112 116 31 29 Loss from disposal of plant and equipment 6 - 10 - 3 Allowance for obsolete inventories 156 - - - -Impairment loss on goodwill - 455 - - -Accounts receivable (781) 1,360 1,618 152 51 Inventories 21 206 (79) 66 (94)Advances to suppliers 361 56 36 8 104 Amounts due from related parties 24 (75) 202 - -Other receivables (21) (182) 1,927 26 82 Accounts payable 216 (61) (608) 1,243 (283)Amount due to related parties 392 186 - - -Accrued expenses and other payables (69) 12 131 133 198 Advances from customers 570 514 (1,459) (1,005) (50)Taxes payable 22 5 (6) (2) -Net cash provided by (used in) operating activities 561 1,880 1,193 490 (329)

Purchase of plant and equipment - (97) (229) (26) (90)Proceeds from sale of plant and equipment 6 - - - -Payment for acquisition of subsidiaries - (3,026) - - -Acquisition of businessses net of cash acquired 222 - - - -Net cash provided by (used in) investing activities 228 (3,123) (229) (26) (90)

Proceeds from related party borrowings - 2,893 2,254 294 651 Repayment of related party borrowings (29) (797) (3,369) (561) (210)Proceeds from third party borrowings 697 1,619 - 841 -Repayment of third party borrowings (1,280) (2,391) (57) (999) -Proceeds fro bank borrowings - - 224 - -Net cash provided by (used in) financing activities (612) 1,323 (949) (425) 441

Net change in cash and cash equivalents 177 80 15 40 22 Effect of exchange rate changes on cash and cash equivalents 0 8 (3) (3) (1)Cash and cash equivalents - BoP - 177 265 265 277 Cash and cash equivalents - EoP 177 265 277 302 299

27

Investor Relations:

Tony Tian, CFAWeitian Group LLC

tony.tian@weitian-ir.com+1 732 910 9692

Thanks

Contact Information

Investment Banking:

Karen MuNetwork 1 Financial Securities

kmu@netw1.com+1 732 758 9001

At the Company:

Melody MoAddentax Group Corp.

myl@zgyingxi.com+86 0755-8233-0336

mailto:tony.tian@weitian-ir.commailto:tony.tian@weitian-ir.commailto:kmu@netw1.commailto:kmu@netw1.commailto:myl@zgyingxi.commailto:myl@zgyingxi.com