ATX Group, Inc. acquires 2.5% stake in Well Information Technology

Addentax Group has announced that Addentax has purchased 3.75M common shares in Well Information Technology, a company incorporated under the jurisdiction of the State of Nevada. Well InfoTech and its subsidiaries are headquartered in Hangzhou, People’s Republic of China. Pursuant to the Securities Purchase Agreement, the company acquired 2.5% equity stake in Well InfoTech for a total consideration of $750,000. The investment was made in cash.