SHENZHEN, China, June 30,
2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax"
or the "Company") (NASDAQ: ATXG), an integrated service provider
focusing on garment manufacturing, logistics services, property
management and subleasing, and epidemic prevention supplies, today
announced that it has formed a cooperation leading certain
Games-as-a-Service ("GaaS") firms to launch a project focusing on
the development of Artificial Intelligence ("AI") Online
Operational Tools (the "AI project"). As the technological
landscape rapidly evolves and AI continues to assert its influence
across a diverse range of sectors, Addentax is prepared to expand
its business portfolio by embracing the transformative potential of
AI.
The AI project primarily centres around the implementation of AI
Online Operational Tools, which are vital in the continual
refinement and update of content within online games. These tools
equip gaming companies to optimize their commercialisation
strategies, creating sustainable profitability. AI Online
Operational Tools has delivered substantial revenue growth in
popular games.
The AI project is driven by a seasoned management and
development team, comprised of experienced professionals with
extensive experiences in AI and gaming from the cooperating leading
GaaS firms. The team members have held prominent positions at
esteemed companies like Tencent
Holdings Limited (HKEx: 0700), LinkedIn Corporation, and Respawn
Entertainment LLC (Nasdaq: EA). Their collective expertise spans
various industries and fields, including but not limited to game
developments, AI language modelling, and successful
commercialisation of AI tools, positioning them as key innovators
in the industry.
Mr. Hong Zhida, the Chairman and CEO of Addentax, stated, "Our
diversification into AI-focused sectors marks a significant
milestone, particularly in AI language models and ChatGPT. Our
aspiration is to develop AI language models, and commercialise
these models in diverse sectors, including internet games and
industrial applications. We are actively exploring opportunities
within the AI and ChatGPT domains."
"Through the AI project, Addentax are poised to undertake a
transformative journey in the AI industry. As we expand our
portfolio to encompass team and AI Online Operational Tools, we
remain committed to fostering innovation, harnessing the expertise
of the proficient AI team, and creating solutions that push
technological boundaries. We believe these efforts carry the
potential to provide unparalleled user experiences within the
gaming industry and beyond. We expect that this strategy could
potentially reposition our role and market presence in the AI
landscape, unveiling untapped opportunities and driving substantial
growth in the future," added Mr. Hong.
About Addentax Group Corp.
Addentax Group Corp. is an integrated service provider
specializing in garment manufacturing, logistics services, property
management, subleasing, and epidemic prevention supplies. Its
apparel manufacturing business includes sales to wholesalers and is
based in China. The logistics
business, which includes delivery and express services, covers 79
cities in 7 provinces and 2 municipalities in China. The property management and subleasing
business provides relevant services to clothing wholesalers and
retailers in the apparel market. The epidemic prevention supplies
business includes manufacturing and distributing quarantine
products, as well as reselling supplies purchased from the third
parties in domestic and overseas markets. More information please
visit the website: https://www.addentax.com/.
Safe Harbor Statement
All statements other than statements of historical fact in
this announcement are forward-looking statements in nature within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve known and unknown
risks and uncertainties and are based on current expectations and
projections about future events and financial trends that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions are intended to identify
such forward-looking statements. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to consider risk
factors, including those described in the Company's filings with
the SEC, that may affect the Company's future results. All
forward-looking statements attributable to the Company and its
subsidiaries or persons acting on their behalf are expressly
qualified in their entirety by these risk factors. The
forward-looking events discussed in this press release and other
statements made from time to time by us or our representatives, may
not occur, and actual events and results may differ materially and
are subject to risks, uncertainties, and assumptions about us. We
are not obligated to publicly update or revise any forward-looking
statement, whether as a result of uncertainties and assumptions,
the forward-looking events discussed in this press release and
other statements made from time to time by us or our
representatives might not occur.
Public Relations Contact:
Addentax
Group Corp.
Phone: + (86) 755 86961
405
cyseah@zgyingxi.com
Investor Relations
Contact:
Sherry
Zheng
Weitian Group
LLC
1-718-213-7386
shunyu.zheng@weitian-ir.com
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SOURCE Addentax Group Corp.