Yingxi Industrial Chain Group Co., Ltd. entered into a sale and purchase agreement to acquire Addentax Group Corp. (OTCPK:ATXG) in a reverse merger transaction on December 26, 2016. Under the terms, the consideration to be offered includes 500 million shares of Addentax Group. As part of the deal, Yu Keying resigned from the position of President, Secretary and Treasurer and will remain on the Board as a Director. Wu Linrui is appointment to the Board of Directors in the position of President, Secretary and Treasurer and will also serve as a Director. The closing of the transaction shall occur on or before December 31, 2016. Yingxi Industrial Chain Group Co., Ltd. completed the acquisition of Addentax Group Corp. (OTCPK:ATXG) in a reverse merger transaction on September 25, 2017.