other_material
confidence high
sentiment negative
materiality 0.75
Nova LifeStyle shareholders approve 20x increase in authorized shares and name change to XMax Inc.
XMax Inc.
- Authorized common shares increased from 250,000,000 to 5,000,000,000; effective Nov 3, 2025.
- Company renamed from Nova LifeStyle, Inc. to XMax Inc.; name change effective immediately upon filing.
- Both amendments approved at special shareholder meeting on Oct 31, 2025; bylaws amended accordingly.
- Vote on share increase: 26,751,736 For, 196,649 Against, 2 Abstain; name change: 26,927,223 For, 19,702 Against, 1,462 Abstain.
- Board approved the amendments on Sep 15, 2025; filing with Nevada Secretary of State on Nov 3, 2025.