XMax Inc. Announces US$5 Million Convertible Note Financing

Company Overview - XMax Inc. is a Nevada corporation, formerly known as Nova LifeStyle Inc., and is headquartered in Commerce, California. The company is a distributor of contemporary styled residential and commercial furniture, focusing on integrating popular trends into its product lines for both stand-alone and whole-room furnishing solutions [3]. Financial Transaction - On November 18, 2025, XMax entered into a Convertible Promissory Note Purchase Agreement with Billiongold Holding Limited, issuing a convertible promissory note with a principal amount of US$5,000,000 [1]. - The note has a maturity period of 36 months, bears an interest rate of 6% per annum, and can be converted into shares of the company's common stock at a price of US$7.80 per share prior to full repayment [2]. - The transaction was exempt from registration under Regulation S of the U.S. Securities Act of 1933, as amended [2].