On October 3, 2016, the board of directors of Nova Lifestyle, Inc. received a letter of resignation from Mr. Ya Ming Wong, the company's Chief Executive Officer and a member of the Board, effective immediately. Mr. Wong indicated that he was resigning to pursue other professional opportunities, and not due to a disagreement with the Company or the Board. On October 7, 2016, the Board appointed Ms. Thanh H. Lam to serve as the Company's interim CEO. Ms. Lam, age 48, has served as the Company's President and as a member of its Board since June 30, 2011, and was elected as Chairperson on June 4, 2013. Ms. Lam was a co-founder of the Diamond Sofa brand and previously was the CEO of Diamond Bar in Commerce, California. On October 7, 2016, the Board appointed Mr. Umesh Patel as a member of the Board to fill the vacancy due to the resignation of Mr. Chung Shing Yam, as disclosed in the Form 8-K filed on September 28, 2016, to serve until
his successor has been duly elected and qualified. Since December, 2009, Mr. Patel, age 59, has served as a managing partner of DviBri LLC.
Nova LifeStyle, Inc. is a designer and distributor of modern lifestyle furniture, primarily sofas, dining room furniture, cabinets, office furniture and related components, bedroom furniture and various accessories, in matching collections. The Companyâs product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Its products feature urban and contemporary styles, combining comfort and functionality in matching furniture collections and upscale luxury pieces appealing to lifestyle-conscious middle and upper middle-income consumers. Its product lines feature upholstered, wood and metal-based furniture pieces. It classifies its products by room, designation or series, such as living room, dining room, bedroom and home office series, and by category or product types, such as sofas, chairs, dining tables, beds, entertainment consoles, cabinets and cupboards. It also sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects.
NOVA LIFESTYLE, INC. 
