XMax Inc. (XWIN) COO and director ZHAO YIZHOU files baseline Form 3

Rhea-AI Filing Summary

XMax Inc. filed an initial Form 3 for director and Chief Operating Officer ZHAO YIZHOU. The filing lists no reportable transactions or holdings, indicating this is a baseline statement of beneficial ownership without any recent insider trades disclosed.

Key Figures

Reported buy transactions: 0 transactions Reported sell transactions: 0 transactions Net shares bought or sold: 0 shares

3 metrics

Reported buy transactions 0 transactions Form 3 transactionSummary buyCount

Reported sell transactions 0 transactions Form 3 transactionSummary sellCount

Net shares bought or sold 0 shares Form 3 transactionSummary netBuySellShares

Key Terms

Form 3, beneficial ownership, reporting person

3 terms

Form 3 regulatory

"INSIDER FILING DATA (Form 3):"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"baseline statement of beneficial ownership without any recent insider trades"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

reporting person regulatory

"The reporting person, ZHAO YIZHOU, is identified as both a director"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ZHAO YIZHOU

(Last) (First) (Middle)

6565 E. WASHINGTON BLVD.

(Street)

COMMERCE CALIFORNIA 90040

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
10/07/2025

3. Issuer Name and Ticker or Trading Symbol
XMax Inc. [ XWIN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/Yizhou Zhao	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the XMax Inc. (XWIN) Form 3 for ZHAO YIZHOU show?

The Form 3 for XMax Inc. lists director and Chief Operating Officer ZHAO YIZHOU. It reports no insider transactions or derivative positions, serving as an initial baseline statement of beneficial ownership for regulatory reporting purposes.

Are there any insider share purchases or sales in the XMax Inc. (XWIN) Form 3?

No, the XMax Inc. Form 3 reports zero buy, sell, acquire, dispose, or gift transactions. It is purely an initial registration of insider status for ZHAO YIZHOU, without any recent trading activity disclosed in this filing.

Does the XMax Inc. (XWIN) Form 3 disclose any option or derivative positions?

The Form 3 derivative summary is empty, and derivativeTransactionCount is zero. This means no stock options, warrants, or other derivative securities are reported for ZHAO YIZHOU in this particular filing as of the reporting date.

What is the role of the reporting person in the XMax Inc. (XWIN) Form 3?

The reporting person, ZHAO YIZHOU, is identified as both a director and Chief Operating Officer of XMax Inc. This dual role makes them a Section 16 insider, requiring public reporting of their beneficial ownership in company securities.

Why are there no holdings listed in the XMax Inc. (XWIN) Form 3?

The transactionSummary shows holdingEntries as zero and netBuySellShares as zero. This indicates the Form 3 is establishing initial reporting status for ZHAO YIZHOU and does not list any specific share or derivative holdings in this excerpt.