Nova LifeStyle sells 250K shares at $0.60 in Regulation S private placement for $150k

XMax Inc.

On Jan 6, 2025, Nova LifeStyle entered a Securities Purchase Agreement to sell 250,000 shares of common stock at $0.60 per share.
Gross proceeds total $150,000; the private placement is exempt from registration under Regulation S.
The purchaser is a non-U.S. person; shares are restricted and not registered under the Securities Act.
The company reserved sufficient shares for issuance; closing subject to standard conditions including no material adverse effect.

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