Los Angeles, April 6, 2026 (Globe Newswire) — Xmax Co., Ltd. (NASDAQ: XWIN, “XMax” or the “Company”) today announced, in addition to its previously announced Board of Directors’ approval of its strategic expansion into artificial intelligence (“AI”), that: March 24, 2026our company officially established a wholly owned subsidiary. XMax AI Co., Ltd.above April 2, 2026This is an important milestone in the company’s strategic expansion into the AI space for technology-driven growth.
As previously disclosed, XMax’s board of directors has approved a strategic initiative to expand into the AI space. formation of XMax AI Co., Ltd. This represents the first operational step in implementing this strategy and reflects our commitment to building a purpose-built platform for AI-related activities.
Establishment of XMax AI Co., Ltd. “This is an important execution milestone in our strategic expansion into artificial intelligence.” Lu XiaohuaCEO of XMax. “While our furniture business continues to provide a strong operating foundation, the launch of this new subsidiary allows us to aggressively build and expand our AI capabilities. We believe this will allow XMax to participate in one of the world’s most dynamic sectors and create diverse and sustainable value for our shareholders.”
About Xmax Co., Ltd.
Head office location Commerce, California, Xmax Co., Ltd.formerly known as Nova Lifestyle Co., Ltd.is a long-established distributor of contemporary style residential and commercial furniture. We monitor popular trends and products and create design elements that are integrated into our product line of free-standing and whole-room furniture solutions. The company provides quality furniture products to customers around the world through a global network of retailers, e-commerce platforms and hospitality providers. Additionally, the company is currently expanding into artificial intelligence and advanced technology areas, establishing itself as a diversified operating platform with both traditional and technology-driven business areas.
Forward-looking statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This includes, among other things, our ability to fully resume operations and maintain our financial health, and our anticipated future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates,” “estimates,” “believes,” “continues,” “may,” “intends,” “may,” “plans,” “could,” “anticipates,” “should,” “intends,” “expects,” “objective,” “projects,” “anticipates,” “goals,” “guidance,” and similar expressions. “Outlook,” “effort,” “goal,” “trajectory,” “focus,” “commit,” “attempt,” “seek,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyzes that we have made in light of our experience and perception of historical trends, current conditions, expected future developments, and other factors that we believe are appropriate under the circumstances.
Investor information contact information
ICR LLC.
XMaxIR@icrinc.com
sauce: Xmax Co., Ltd.
2026 GlobeNewswire, Inc., Source press release
