XMax Renews CEO Xiaohua Lu's Employment for One Year at $80,000 Salary

XMax Inc.

CEO Xiaohua Lu's employment agreement renewed for a one-year term starting April 21, 2026.
Annual salary set at $80,000, payable monthly, with eligibility for discretionary annual cash bonus.
Agreement includes non-competition for 6 months post-termination and non-solicitation of employees/customers.
Executive entitled to 12 days paid vacation, expense reimbursement, and participation in employee benefit plans.
Company may terminate for cause (e.g., misconduct, breach) with only accrued salary owed; no severance provided.

item 1.01 item 5.02 item 9.01

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