XMax Inc.

Overview

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• TickerXMAX on Nasdaq¹
• IndustryHousehold Furniture¹
• HeadquartersCommerce, California¹
• Incorporated inNV²
• Business address6565 E. Washington Blvd., Commerce, Ca 90040²
• Filer categoryNon-accelerated filer, Smaller reporting company²

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Company’s family of brands includes Nova LifeStyle, Diamond Sofa ( www.diamondsofa.com ) and Nova Living.⁴ From its latest annual report

Corporate structure

XMax Inc. sits at the top of its group. 10 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What XMax Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Our principal executive offices and those of Diamond Bar are in leased office space with showroom, distribution and warehouse space in Commerce, California. Diamond Bar also maintains showrooms in leased space at Las Vegas Market in Nevada and High Point Market in North Carolina. Nova Malaysia was in leased office space with showroom, service center and warehouse space in Kuala Lumpur, Malaysia.

We believe that our existing office and distribution facilities are adequate for current and presently foreseeable operations. In general, our properties are well maintained, considered adequate and being utilized for their intended purposes. See Note 16 to our consolidated financial statements contained herein, which discloses lease agreements.

Item 2 of the 10-K filed Apr 15, 2026.⁴

Leadership

Who has led XMax Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerXiaohua Lu May 14, 2026 to now¹³
• Chief executive officerThanh H. Lam Dec 12, 2016 to Sep 1, 2017¹⁴
• Chief executive officerYa Ming Wong Jul 6, 2011 to Aug 26, 2016¹⁵
• Chief executive officerAlex Li Jul 21, 2010 to Jul 1, 2011¹⁶
• ChairAlex Li Jul 1, 2011 to Jul 1, 2011¹⁷
• ChairYa Ming Wong Jul 6, 2011 to Aug 22, 2011¹⁵
• PresidentThanh H. Lam Jul 6, 2011 to Sep 1, 2017¹⁸
• PresidentAlex Li Jul 21, 2010 to Jul 21, 2010¹⁶
• Chief financial officerJeffrey Chuang Sep 5, 2017 to Aug 20, 2019¹⁹
• Chief financial officerYuen Ching Ho Jul 6, 2011 to Jun 26, 2017²⁰
• Chief operating officerYizhou Zhao May 14, 2026 to now²¹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Diamond Bar Outdoors, Inc. California, U.S.³
• Nova Furniture Limited British Virgin Islands³
• Nova Furniture Limited (Samoa) Samoa³
• Xmax Alpha Holdings Ltd. Cayman Islands³
• Xmax Beta Holdings Ltd. Cayman Islands³
• Xmax Capital Ltd. Samoa³
• Xmax Delta Holdings Ltd. Cayman Islands³
• Xmax Sigma Holdings Ltd. Cayman Islands³
• i Design Blockchain Technology, Inc. California, U.S.³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

• Nova Lifestyle, Inc.Jun 30, 2011 to Nov 4, 2025²
• Stevens Resources, Inc.Nov 10, 2009 to May 11, 2011²

Timeline

1. Oct 13, 20268-K Executive or director change³³
2. Oct 9, 20268-K Entered a material agreement; Other events³⁴
3. Sep 15, 20268-K Listing notice or transfer³⁵
4. Sep 3, 20268-K Entered a material agreement; Unregistered sale of shares³⁶
5. Aug 25, 20268-K Executive or director change³⁷
6. Aug 12, 20268-K Entered a material agreement; Completed an acquisition or sale³⁸
7. Jul 28, 20268-K Shareholder vote³⁹
8. Jul 23, 20268-K Entered a material agreement; Completed an acquisition or sale⁴⁰
9. Jul 10, 20268-K Entered a material agreement; Completed an acquisition or sale⁴¹
10. Jul 7, 20268-K Entered a material agreement; Unregistered sale of shares⁴²
11. Jul 6, 20268-K Entered a material agreement; Executive or director change⁴³
12. Jun 9, 20268-K Shareholder vote⁴⁴
13. May 14, 2026New chief executive Xiaohua Lu becomes CEO¹³
14. Dec 12, 2016New chief executive Thanh H. Lam becomes CEO¹⁴
15. Jul 6, 2011New chief executive Ya Ming Wong becomes CEO¹⁵
16. Jul 21, 2010New chief executive Alex Li becomes CEO¹⁶

Calendar

Coming up

1. Nov 13, 2026Reports results for the quarter ending Sep/2026⁴⁵

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

196 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 75 major events, 6 insider forms, 12 large holders, 83 other. The latest 20:

1. Oct 13, 20268-K EDGAR
2. Oct 9, 20268-K EDGAR
3. Oct 5, 2026DEF 14A EDGAR
4. Sep 23, 2026PRE 14A EDGAR
5. Sep 15, 20268-K EDGAR
6. Sep 3, 20268-K EDGAR
7. Aug 25, 20268-K EDGAR
8. Aug 14, 202610-Q EDGAR
9. Aug 12, 20268-K EDGAR
10. Aug 3, 2026UPLOAD EDGAR
11. Jul 30, 2026SCHEDULE 13G EDGAR
12. Jul 28, 20268-K EDGAR
13. Jul 23, 20268-K EDGAR
14. Jul 10, 20268-K EDGAR
15. Jul 7, 20268-K EDGAR
16. Jul 6, 20268-K EDGAR
17. Jun 9, 20268-K EDGAR
18. Jun 9, 2026DEFA14A EDGAR
19. Jun 9, 2026DEF 14A EDGAR
20. Jun 2, 20268-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• BlackRockSCHEDULE 13G, 1 filing Jul 30, 2026⁴⁶
• HUGE ENERGY INTERNATIONAL LTDSCHEDULE 13G/A, 2 filings Aug 28, 2024 to Jan 14, 2025⁴⁷
• Conceptone Sdn Bhd VtSC 13G, 1 filing Aug 30, 2024⁴⁸
• Hong Sheng Ventures Sdn BhdSC 13G, 1 filing Aug 12, 2024⁴⁹
• Brand Sdn Bhd AtsSC 13G, 1 filing Mar 20, 2024⁵⁰
• Anson Funds Management LPSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 2024⁵¹
• CVI Investments, Inc.SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2024⁵²
• 3.0 Sdh Bhd WebSC 13G, 1 filing Nov 29, 2023⁵³
• INTRACOASTAL CAPITAL, LLCSC 13G, 1 filing Nov 29, 2021⁵⁴

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 56. Change is in shares since the quarter before.

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How XMax Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARXMax Inc.¹
• CIK0001473334
• Employer ID (EIN)90-0746568⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company⁴
• Incorporated inNevada⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)2510 Household Furniture¹
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance¹
• Business address6565 E. Washington Blvd., Commerce, CA 90040¹
• Phone(323) 888-9999¹
• Shares outstanding64,523,426 as of Aug 12, 2026¹²
• Public float$13.3M as of Jun 30, 2025⁴
• AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceNov 10, 2009¹
• Filings492 in all: 8-K (135), 4 (55), 10-Q (51), CORRESP (31), UPLOAD (30), DEF 14A (18), EFFECT (18), 3 (17)¹
  All 36 form types

  10-K (16), DEFA14A (15), S-3 (9), SC 13G (9), 8-K/A (8), 424B5 (7), S-1/A (7), POS AM (6), S-3/A (6), NT 10-K (5), PRE 14A (5), S-1 (5), SC 13D (5), SC 13D/A (5), 424B1 (4), S-8 (4), 424B3 (3), NT 10-Q (3), SC 13G/A (3), 424B4 (2), 8-A12B (2), D (2), 10-K/A (1), CERTNAS (1), D/A (1), RW (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

• Latest filingsAnnual report (10-K) Apr 15, 2026
  Quarterly report (10-Q) Aug 14, 2026
  Proxy statement (DEF 14A) Oct 5, 2026
  Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks XMax Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 30 risks under these headings, as written.⁴

• Risks Related to Our Business
• Changes in economic conditions in the industries and markets served by our customers could adversely affect demand for our products.
• We historically have derived a substantial part of our sales from a limited number of customers. If we lose any of these customers, or any of these customers reduce the amount of business they do with us, our sales may be adversely affected.
• Our decision to move away from low margin products and to eliminate customers who generate low margin sales and that have slow payment histories could result in a decrease in our future sales and earnings.
• Our planned investments and expansion into AI software and hardware development, cloud and GPU computing infrastructure, AI model access and orchestration, and enterprise-focused AI agent deployment involve significant risks and uncertainties that could adversely affect our business, financial condition, results of operations, and cash flows.
• If we lose our key personnel, or are unable to attract and retain additional qualified personnel, the quality of our services may decline and our business may be adversely affected.
• We may not be able to keep pace with competition in our industry, which could adversely affect our market share and result in a decrease in our future sales and earnings.
• We may lose U.S. market share due to competition and our dependence on production facilities located outside the U.S., which would result in a decrease in our future sales and earnings.
• Failure to anticipate or timely respond to changes in fashion and consumer preferences could adversely impact our business.
• We may need additional capital to execute our business plan and fund operations and may not be able to obtain such capital on acceptable terms or at all.
• We may experience material disruptions to our ability to acquire sufficient inventory from third-party suppliers that could result in material delays, quality control issues, increased costs and loss of business opportunities, which may negatively impact our sales and financial results.
• Our dependence on foreign suppliers subject us to a variety of risks and uncertainties that could impact our operations and financial results.

Legal proceedings

On March 8, 2019, Jie Yuan (the “Jie Action”) filed a putative shareholder derivative lawsuit in the United States District Court for the Central District of California, purportedly on behalf of the Company against its former and current CEOs and CFOs (Thanh H. Lam, Ya Ming Wong, Jeffery Chuang and Yuen Ching Ho) and directors (Charlie Huy La, Bin Liu, Umesh Patel, and Min Su) and vice president (Steven Qiang Liu) (collectively, the “Defendants”). In this action, the putative derivative plaintiffs seek to recover any losses the Company sustains as a result of alleged securities violations that were alleged in the matter of Barney v. Nova Lifestyle, Inc., United States District Court for the Central District of California. It is alleged that the Defendants caused the Company to make the alleged false and/or misleading statements giving rise to the Barney Action. The Plaintiff also alleges that President and CEO Lam engaged in self-dealing transactions by leasing her property to Diamond Bar, a Company subsidiary, and asserts, in conclusory fashion, that Lam, former CEO and director Ya Ming Wong, former CFO and director Yuen Ching Ho, and director Umesh Patel sold securities during the period of time when the alleged false and/or misleading statements were made “with knowledge of material non-public information.”

The opening of Item 3, Legal Proceedings.⁴