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XMax Inc. reported that its Board and Compensation Committee approved amendments to the employment agreements of its three top executives, raising their annual base salaries effective July 1, 2026.
Chief Executive Officer Xiaohua Lu’s salary doubled from $80,000 to $160,000 per year. Chief Operating Officer Yizhou (Steven) Zhao’s salary increased from $80,000 to $159,000 per year, and Chief Financial Officer Jeffery Chuang’s salary rose from $70,000 to $80,000 per year. Aside from these salary changes, other terms of the executives’ employment agreements remain the same. The company filed the form of the amendments as an exhibit.