$NVFY New Facility in Response to Continued Surge in Paying Customers

New Facility in Kwun Tong, Hong Kong Features Attractive Classroom Setting

LOS ANGELES, April 06, 2017 — Nova LifeStyle, Inc. (Nasdaq:NVFY) or (the “Company”), a U.S. based fast-growing, innovative provider of modern lifestyle products and services today announced that the Company reported a record number of new paying customers and student members signing up for Nova’s online and classroom-based Blockchain programs during the month of March, following on the heels of robust customer enrollment experienced in February.

The number of sign-ups in March topped 2,000, approximately doubling from the record-setting performance of 1,000 in February, with training set to begin this month. Nova LifeStyle owns and operates the site “Nova-Mart,” www.nova-mart.com, an online transaction platform for customers and merchants worldwide to offer products and business services based on Blockchain technology.

Tawny Lam, President and Interim CEO of Nova LifeStyle commented, “We continue to see strong customer and student member sign-ups for our lecture-based programs as well as on our Blockchain technology-based Nova-Mart site, with each successive month featuring growth in enrollment. This strong performance drove our decision to continue expanding our Blockchain programs, highlighted by the opening of our new Digital Assets Cultural Hall in Kwun Tong, Hong Kong.”

The recently opened Digital Assets Cultural Hall is designed to accommodate customers seeking to participate in Nova’s Blockchain training program. Nova LifeStyle now has training centers located in Kwun Tong and Tsuen Wan, enabling the Company to continue successfully capturing the growing interest in Blockchain based technology.

About Nova LifeStyle
Nova LifeStyle, Inc., a NASDAQ Global Market listed company headquartered in California, is a fast growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture; primarily sofas, dining rooms, cabinets, office furniture and related components, bedrooms, and various accessories in matching collections. Nova LifeStyle also owns and operates Nova-Mart, www.nova-mart.com, a Blockchain technology based transaction platform that offers a large variety of products and services to millions of customers worldwide. Visit Nova’s website: www.NovaLifeStyle.com.

Safe Harbor Statement
All statements in this press release that are not historical are forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ from the company’s expectations. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Nova’s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Nova’s filings with the Securities and Exchange Commission.

Company Contact:
Investor Relations:
The Equity Group Inc.
In U.S.
Adam Prior, Senior Vice President
+1 (212) 836-9606
aprior@equityny.com

In China
Katherine Yao, Senior Associate
+86-10-6587-6435
kyao@equityny.com