Addentax Group Corp. announced the launch of a brand-new Metaverse project in partnership with Hangzhou Yuanyuzhou Technology Co. Ltd. The project aims to establish an expansive NFT ecosystem, merging blockchain technology, internet content, and society.

Combining Addentax's extensive network in artificial intelligence ("AI") with NFTCN-Bigverse's technologies in encrypted chips, augmented reality ("AR"), and virtual reality ("VR"), both companies strive to establish a leading Metaverse society for NFT artists and collectors in Asia. The Metaverse ecosystem will be built on blockchain technology, integrating elements of blockchain, internet content, and society. Registered users will have access to their own VR art boxrooms, immersing themselves in a unique digital experience.

The Company is taking a cautious approach to the potential Metaverse project, recognizing the significant challenges, capital and expertise required for its successful execution. The Company plans to engage with experienced professionals, including legal experts and AI programmers, to thoroughly assess the feasibility and suitability of undertaking this project. The Company will release further updates as the discussions progress and decisions are made.

Addentax remains committed to exploring innovative opportunities that align with its core values and growth strategies.