Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets
Item 1.01 Entry into a Material Definitive Agreement On July 6, 2026, Xmax Beta Holdings Ltd. (the “ Company ”), a company incorporated in the Cayman Islands and an indirectly wholly owned subsidiary of XMax Inc. entered into a Subscription Agreement (the “ Agreement ”) with Preamble X Capital I, a series of Preamble X Capital LLC, a Delaware Limited Liability Company.…
Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”) is a U.S.-headquartered innovative designer and marketer of contemporary styled residential and commercial furniture formerly known as Stevens Resources, Inc. We were incorporated in the State of Nevada on September 9, 2009. The Company’s products are marketed through wholesale and retail channels as well as various online platforms worldwide.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement
On
July 6, 2026, Xmax Beta Holdings Ltd. (the “ Company ”), a company incorporated in the Cayman Islands and an indirectly
wholly owned subsidiary of XMax Inc. entered into a Subscription Agreement (the “ Agreement ”) with Preamble X Capital
I, a series of Preamble X Capital LLC, a Delaware Limited Liability Company. Pursuant to the Agreement, the Company made additional subscription
in an aggregate amount of US$8,770,000 (the “ Subscription Amount ”), which increases the Company’s interest in
Preamble X Capital I to more than 99.9%. Allocations Fund Administration, LLC is the administrative manager of Preamble X Capital I.
The applicable management fee percentage for the Company is 0%. On July 7, 2026, the Company completed the subscription.
The
Agreement is filed as Exhibits 10.1 to this Current Report on Form 8-K. The foregoing summary of the terms of the Agreement is subject
to, and qualified in its entirety by, the Agreement, which is incorporated herein by reference.
Item 2.01Item 2.01 - Completion of Acquisition
Item
2.01 Completion of Acquisition or Disposition of Assets.
Please
see the disclosure set forth under Item 1.01, which is incorporated by reference into this Item 2.01.