Mr. James R. Talevich, a current member of the Board of Directors of Nova LifeStyle, Inc., notified the Board that he will not stand for re-election at the next annual meeting of the stockholders of the Company. Mr. Talevich will continue to serve at the pleasure of the stockholders until the 2015 Annual Meeting in his capacity as a member of the Board, chair of the Audit Committee of the Board, and member of the Nominating and Corporate Governance Committee and the Compensation Committee of the Board. The Company anticipates that at the 2015 Annual Meeting, the Nominating and Corporate Governance Committee of the Board will include in its recommended list of nominees for directors an additional independent director with the requisite financial expertise to serve as the audit committee financial expert and to replace Mr. Talevich in his current role as chair of the Audit Committee of the Board.