---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-031825"
form_type: "8-K"
ticker: "XWIN"
cik: "0001473334"
company_name: "XMax Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:20:30.607081+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Nova LifeStyle increases authorized common shares from 3M to 250M; approves 2023 Omnibus Equity Plan

## Summary
- Authorized common shares increased from 3,000,000 to 250,000,000 effective September 5, 2023.
- Amendment approved by Board on June 28, 2023 and shareholders on August 31, 2023.
- Shareholders approved 2023 Omnibus Equity Plan with 485,540 votes for, 30,513 against.
- Discretionary authority to adjourn special meeting also approved by shareholders.

## SEC filing metadata
- accession: 0001493152-23-031825
- form_type: 8-K
- ticker: XWIN
- cik: 0001473334
- company_name: XMax Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473334/000149315223031825/0001493152-23-031825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473334/000149315223031825/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031825
- JSON: https://secwatch.observer/filing/0001493152-23-031825.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031825.txt

## Key facts
- Governance Changes
  XMax Inc.: Increased authorized common stock from 3,000,000 to 250,000,000 shares (effective 2023-09-05).
  - Change: charter amendment
  - Effective: 2023-09-05
  source text: On September 5, 2023, Nova LifeStyle, Inc., a Nevada corporation (the “Company”) filed the Certificate of Change (the “Amendment”) with the Secretary of State for the State of Nevada to amend its Articles of Incorporation to increase the amount of authorized shares of its common stock, par value $0.001 per share, from 3,000,000 to 250,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315223031825/0001493152-23-031825-index.htm
- Shareholder Votes
  XMax Inc. shareholders approved Approval and adoption of the Nova LifeStyle, Inc. 2023 Omnibus Equity Plan at the 2023-08-31 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-08-31
  source text: Proposal 2: Approval and adoption of the Nova LifeStyle, Inc. 2023 Omnibus Equity Plan For Against Abstain 485,540 30,513 484
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315223031825/0001493152-23-031825-index.htm
- Shareholder Votes
  XMax Inc. shareholders approved Approval of Amendment to Articles of Incorporation (increase authorized shares of common stock from 3,000,000 to 250,000,000) at the 2023-08-31 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-08-31
  source text: Proposal 1: Approval of Amendment to Articles of Incorporation For Against Abstain 484,339 31,736 462
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315223031825/0001493152-23-031825-index.htm
- Shareholder Votes
  XMax Inc. shareholders approved Approval of Grant of Discretionary Authority to Chairperson of the Board to adjourn the Meeting at the 2023-08-31 meeting.
  - Outcome: passed
  - Meeting: 2023-08-31
  source text: Proposal 3: Approval of Grant of Discretionary Authority to Chairperson of the Board For Against Abstain 484,473 31,469 595
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473334/000149315223031825/0001493152-23-031825-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.