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
