ADDENTAX GROUP CORP
For the period ended Mar 10, 2025. Filed Mar 10, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Mar 10, 2025 · Filed Mar 10, 2025
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Contents
Pay vs. Performance
Pay Versus Performance
The following table sets forth compensation information for our CEO, Hong Zhida, referred to in the tables below as the PEO, and our CFO and other named executive officer, Huang Chao, referred to in the tables below as the NEO, for purposes of comparing their respective compensation to the value of our stockholders’ investments and our net loss, calculated in accordance with SEC regulations, for the fiscal years ended March 31, 2024, 2023 and 2022.
| Year | Summary Compensation Table Total for PEO | Compensation Actually Paid to PEO | Summary Compensation Table Total for Non-PEO NEO | Compensation Actually Paid to Non-PEO NEO | Net Income (Loss) |
|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | ||
| 2024 | $17,229 | $17,229 | $29,143 | $29,143 | $(3,109,418) |
| 2023 | $17,229 | $17,229 | $29,143 | $29,143 | $(1,319,657) |
| 2022 | $17,229 | $17,229 | $22,187 | $22,187 | $(77,998) |
| (1) | The dollar amounts reported are the amounts of total compensation reported for Mr. Hong in the Summary Compensation Table for the fiscal years ended March 31, 2024, 2023 and 2022. |
| (2) | The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts reported are the amounts of total compensation reported for Mr. Hong during the applicable year. |
| (3) | The dollar amounts reported are the total compensation reported for our NEO in the Summary Compensation Table for the fiscal years ended March 31, 2024, 2023 and 2022. |
| (4) | The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules, for our NEO. The dollar amounts reported are the total compensation reported for our NEO in the Summary Compensation Table for the fiscal years ended March 31, 2024, 2023 and 2022. |
Relationship between Pay and Performance
The relationship between compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs and the Company’s performance, as reflected in the table above, is discussed in further detail below. As shown, the compensation actually paid to our PEO and non-PEO NEOs remained consistent across the three-year period, while the Company’s net income declined.
Relationship Between Compensation Actually Paid to our PEO and the Average Compensation Actually Paid to our Non-PEO NEOs vs. Net Income Across the Last Three Completed Fiscal Years.
From 2022 to 2024, the compensation actually paid to our PEO remained unchanged at $17,229 per year, while the compensation actually paid to our non-PEO NEOs increased from $22,187 in 2022 to $29,143 in 2023 and remained at that level in 2024. Over the same period, the Company’s net income declined from a net loss of $77,998 in 2022 to net losses of $1,319,657 in 2023 and $3,109,418 in 2024.
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