LOS ANGELES, April 06, 2026 (GLOBE NEWSWIRE) — XMax Inc (NASDAQ: XWIN, “XMax” or the “Company”) as of late introduced that, additional to its Board’s approval of strategic enlargement into synthetic intelligence (“AI”) as up to now introduced on March 24, 2026, the Corporate has officially established an entirely owned subsidiary, XMax AI Inc., on April 2, 2026, marking an important milestone within the Corporate’s strategic enlargement into the AI space for technology-driven expansion.
As up to now disclosed, XMax’s Board of Administrators authorized a strategic initiative to make bigger into the AI sector. The formation of XMax AI Inc. represents the primary operational step in executing this technique and displays the Corporate’s dedication to development a devoted platform for its AI-related actions.
“The establishment of XMax AI Inc. marks a key execution milestone in our strategic expansion into artificial intelligence,” stated Mr. Xiaohua Lu, the Leader Government Officer of XMax. “While our furniture business continues to provide a strong operational foundation, the launch of this new subsidiary enables us to actively build and scale our AI capabilities. We believe this positions XMax to participate in one of the most dynamic sectors globally, to create diversified and sustainable value for our shareholders.”
About XMax Inc.
Headquartered in Trade, California, XMax Inc., previously referred to as Nova LifeStyle Inc., is a well-established distributor of recent styled residential and business furnishings. The Corporate displays standard traits and merchandise to create design parts built-in into product strains for each stand-alone and whole-room furnishing answers. Thru its world community of outlets, e-commerce platforms, and hospitality suppliers, the Corporate serves shoppers international with fine quality furnishings merchandise. As well as, the Corporate is these days increasing into synthetic intelligence and complicated know-how sectors, positioning itself as a assorted working platform with each conventional and technology-driven trade strains.
Ahead-Taking a look Statements
This press liberate would possibly include forward-looking statements inside the which means of Segment 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Change Act of 1934, as amended, together with, amongst others, our talent to totally resume our operations and stay financially wholesome, our anticipated long run expansion potentialities. All statements rather then statements of historic reality are, or could also be deemed to be, forward-looking statements. In some circumstances, forward-looking statements may also be known by means of forward-looking phrases corresponding to “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the adverse of those phrases or different related phrases. Then again, the absence of those phrases does no longer imply that the statements aren’t forward-looking. Those forward-looking statements are in response to positive assumptions and analyses made by means of us in mild of our enjoy and our belief of historic traits, present prerequisites and anticipated long run traits, in addition to different elements we consider are suitable within the instances.
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