Nova LifeStyle Inc. held a special meeting of shareholders on October 31, 2025. At the meeting, shareholders approved an amendment to increase the authorized shares of common stock from 250,000,000 to 5,000,000,000. Shareholders also approved an amendment to change the company's name from "Nova LifeStyle, Inc." to "XMax Inc." In addition, authority was granted to the Chairperson of the Board and Chief Executive Officer to adjourn the meeting for the purpose of soliciting additional proxies to approve the proposals.
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