Nova LifeStyle repays $217K debt with 434K shares at $0.50 to Huge Energy

XMax Inc.

Repays $217,000 debt owed to Huge Energy International Ltd by issuing 434,000 shares of common stock.
Issuance price of $0.50 per share, relying on Regulation S exemption for non-U.S. investor.
Debt originated from a loan agreement dated February 21, 2024.
Shares to be delivered within 30 days of agreement; unregistered and subject to legend.

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