ADDENTAX GROUP CORP.

To the Board of Directors and Stockholders of Addentax Group Corp.:

Opinion on the Financial Statements

Wehave audited the accompanying consolidated balance sheet of Addentax Group Corp. and its subsidiaries (collectively referred to as the“Company”) as of March 31, 2026, and the related consolidated statement of loss and comprehensive income (loss), changes in equity, and cash flow for the year ended March 31, 2026, and the related notes (collectively referred to as the“financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2026, and the result of its operations and its cash flow for year then ended March 31, 2026, in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”)

Substantial Doubt About the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2(b) to the financial statements, the Company has incurred a net loss of approximately $4.47 million during the period, which raises substantial doubt about the Company’s ability to continue as a going concern. Management’s plans regarding these matters are also described in Note 2(b) in the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgements. The communication of the critical audit matter does not alter in any way our opinion on the financial statements taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the account or disclosure to which it relates.

Acquisition of Keemo Fashion Group Limited – Recognition and Impairment Assessment of Goodwill

Description of the Matter

As described in Note 5 to the consolidated financial statements, the Company completed the acquisition of a controlling interest in Keemo Fashion Group Limited (“KMFG”) on March 30, 2026 and recognized goodwill of approximately $5.68 million. The acquisition was accounted for under ASC 805, Business Combinations.

Auditing the acquisition accounting involved especially challenging and subjective auditor judgment due to the complexity of applying ASC 805, including evaluating the assets acquired, liabilities assumed, purchase consideration transferred, noncontrolling interest and the resulting goodwill recognized. The determination of the preliminary acquisition accounting required management to evaluate the net assets acquired and the allocation of the purchase consideration. In addition, evaluating management’s goodwill impairment assessment required significant auditor judgment due to the estimation uncertainty in determining the recoverable amount of the reporting unit.

How we Addressed the Matter in Our Audit

Our principal audit procedures included, among others:

/s/ HML PLT

Chartered Accountants

We have served as the Company’s auditor since 2026

Kuala Lumpur, Malaysia

June 29, 2026