Addentax Group Corp. Announces Proposed Acquisition of Leading Asian AI-Enabled Hong Kong-based Licensed Digital Lending Platform, with Over HK$2 Billion Annual Loan Volume

Core Viewpoint - Addentax Group Corp. is in late-stage negotiations for the acquisition of a Hong Kong-based licensed digital lending platform, which could enhance its presence in the Asia-Pacific digital finance sector and integrate AI-driven credit technologies [1] Group 1: Acquisition Details - The proposed acquisition involves a Hong Kong-based online credit services provider that operates under a licensed money lending framework, with an annual loan volume exceeding HK$2 billion [1] - The platform serves over 30,000 customers annually and provides financing solutions for consumers and small-to-medium-sized enterprises through technology-enabled channels [1] - If completed, the acquisition would grant Addentax access to local operational expertise and digital origination capabilities [1] Group 2: Technological Integration - The Hong Kong-based platform has developed a loan application system that incorporates algorithm-based credit assessment tools for risk evaluation and automated processing [1] - Integration of these systems could enhance Addentax's financial technology capabilities, including data-driven risk modeling and scalable digital service delivery [1] - The platform has also explored the role of digital assets in lending-related risk management, aligning with Hong Kong's evolving regulatory environment [1] Group 3: Strategic Objectives - The acquisition aligns with Addentax's goal of expanding its participation in technology-enabled financial services markets [1] - Post-acquisition, Addentax intends to leverage the platform's licensing framework and local market knowledge to enhance its operational footprint in Hong Kong and explore broader regional opportunities [1]