Nova LifeStyle shareholders approve stock issuance at up to 50% discount

XMax Inc.

Shareholders approved issuance of common stock at up to 50% discount to prior day's closing price.
Also approved warrants for common stock at up to 40% discount; offerings may be multiple.
Vote: 6,445,338 FOR, 16,802 AGAINST, 1,952 ABSTAIN; no broker non-votes.
Authorization enables future capital raising; no specific amount or timeline disclosed.

item 5.07

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