Addentax (ATXG) Proxy filing summary

Executive summary

• Annual Meeting scheduled for March 31, 2025, to be held virtually, with voting on key corporate matters including director elections, auditor ratification, and executive compensation advisory votes.

• Record date for voting is March 5, 2025; 6,043,769 shares of common stock are outstanding, each entitled to one vote.

• Board recommends voting in favor of all proposals presented.

Voting matters and shareholder proposals

• Proposals include election of five directors, ratification of Pan-China Singapore PAC as independent auditors, advisory vote on executive compensation, and advisory vote on frequency of future say-on-pay votes.

• Board recommends a three-year frequency for say-on-pay advisory votes.

• Shareholder proposals for the 2025 annual meeting must be submitted by November 10, 2025, to be considered.

Board of directors and corporate governance

• Board consists of five directors, three of whom are independent under Nasdaq rules.

• Board committees include Audit, Compensation, and Corporate Governance and Nomination, each with independent directors and written charters.

• Board held one meeting in 2024; all directors attended virtually.

• No formal diversity policy for director nominations, but diversity is considered among other qualifications.

• Chairman and CEO roles are combined; Board retains flexibility in leadership structure.