XMax Inc.: renews COO employment agreement for $159,000 salary

What happened

• The filing says that on Oct 7, 2026 XMax Inc. renewed the Employment Agreement with Yizhou (Steven) Zhao, the company’s chief operating officer, to serve in that position for another one-year term, subject to renewal.
• Under the Agreement, Mr. Zhao will receive an annual salary of $159,000 and will be eligible for an annual cash bonus in the board’s sole discretion.
• The filing states the foregoing description is only a summary and is qualified in its entirety by reference to the Agreement.

Key details

• Date of action: Oct 7, 2026.
• Officer: Yizhou (Steven) Zhao, chief operating officer.
• Term: one-year term, subject to renewal.
• Compensation: annual salary $159,000; eligible for annual cash bonus at the board’s sole discretion.

Why it may matter

• The filing reports Item 5.02 (departure of directors or certain officers; election of directors) and covers the renewal of an employment agreement for a named executive officer.
• A filing does not show why the insider traded or why the company acted.