On May 28, 2013, the Board of Directors of Nova Lifestyle, Inc. approved the increase in the size of the Board of Directors from two members to seven members. At the same time, the Board appointed five new members to serve on the Board: Mr. James R. Talevich, Mr. Michael Viotto, Mr. Chung Shing Yam, Mr. Peter Kam, and Mr. Yuen Ching (Sammy) Ho, who currently serves as the Chief Financial Officer of the Company. These new members of the Board were appointed to fill the vacancies on the Board and will remain on the Board until their successors have been duly elected and qualified.

It is anticipated that Mr. Talevich will chair the Audit Committee of the Board and serve as a member of the Nominating and Corporate Governance Committee and the Compensation Committee of the Board. It is anticipated that Mr. Viotto will chair the Nominating and Corporate Governance Committee of the Board and serve as a member of the Audit Committee and the Compensation Committee of the Board. It is anticipated that Mr. Kam will chair the Compensation Committee of the Board and serve as a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Board.

Mr. James R. Talevich currently serves as a member of the Executive Committee and Advisory Council of the SEC Financial Reporting Institute at the USC Marshall School of Business. Mr. Michael J. Viotto currently serves as a Business Development Agent at Coface North America, and has served in that role since 2009. During 2008 and 2009.

Mr. Chung Shing Yam currently serves as the sole investor and developer of Kang Hu Village. Mr. Peter Kam is currently involved in various business ventures. From 1977 through the present, Mr. Kam has owned and served as the President of his dental practice.

Mr. Yuen Ching (Sammy) Ho was appointed as the Company's Chief Financial Officer on June 30, 2011. Mr. Ho was one of the two founders of Nova Dongguan.