$NVFY Correction to Previously Announced Las Vegas Product Supply Contract Orders

LOS ANGELES, Dec. 29, 2017 — Nova LifeStyle, Inc. (NASDAQ:NVFY) (“Nova LifeStyle” or the “Company”), a leading U.S.-based, innovative designer and distributor of modern LifeStyle furniture, today announced an update to a previously issued press release from December 18, 2017 regarding orders of Nova LifeStyle’s new “Hollywood Glam Collection” product line from certain hotels in Las Vegas.  At the request of Nova LifeStyle’s customer, the Company has removed their names from its previously issued press release.  The correct press release is as follows:

Nova LifeStyle, Inc. (NASDAQ:NVFY) (“Nova LifeStyle” or the “Company”), a leading U.S.-based, innovative designer and distributor of modern LifeStyle furniture, today announced that the Company has signed initial product supply contracts to provide certain hotels in Las Vegas with Nova-designed and produced “Hollywood Glam Collection” line of furniture products.

Ms. Tawny Lam, Nova LifeStyle’s CEO, stated, “Nova LifeStyle’s ‘Hollywood Glam Collection’ is a tribute to the classic glamour and elegance that recalls the Golden Era of Hollywood. The Company has received considerable interest in this new product category. Customers are particularly drawn to the lush interplay of deep jewel tone velvets, rich woven fabrics, delicate tailoring and injections of gold and polished framing.”

Nova LifeStyle to Debut New Products at the Winter Las Vegas Market Furniture Show

Nova LifeStyle will showcase its new “Hollywood Glam Collection” at the Winter Las Vegas Market furniture show from January 28^th to February 1^st, 2018.

The Las Vegas Market is held twice a year, displaying the latest styles and trends in home furnishings, décor, and gifts. Historically, Nova has had great successes at showcasing the Company’s new product offering and receiving large orders.

The Winter Las Vegas Market
The Winter Las Vegas Market event: http://www.lasvegasmarket.com/.  Nova LifeStyle’s showroom (under its Diamond Sofa brand) will be located in Building B; 7^th Floor; Booth number B-746.  Any interested parties in arranging a private meeting with management can contact Charles Song, Director of Marketing, at marketing@diamondsofa.com.  The Company will be posting pictures of the showroom and event on its website at www.NovaLifeStyle.com.

About Nova LifeStyle
Nova LifeStyle, Inc., a NASDAQ Global Market listed company headquartered in California, is a fast growing, innovative designer and distributor of modern LifeStyle furniture; primarily sofas, dining rooms, cabinets, office furniture and related components, bedrooms, and various accessories in matching collections. Nova’s products are made in the US, Europe, and Asia that include LifeStyle brands such as Diamond Sofa, Nova QwiK, and Bright Swallow International. Nova’s products feature urban contemporary styles that integrate comfort and functionality, incorporating upscale luxury designs appeals to middle and upper middle-income consumers in the U.S., China, Europe, and elsewhere in the world. Visit Nova LifeStyle’s website at 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:
Phone (323) 888-9999
Fax (323) 888-9908
Email info@novalifestyle.com