# EDGAR Filing Document

**Accession Number:** 0001473334
**File Stem:** 0001641172-25-022387
**Filing Date:** 2025-8
**Character Count:** 44955
**Document Hash:** 3751c02c92ae399d89c89615207c5c96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-022387.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001641172-25-022387

**CONFORMED SUBMISSION TYPE**: S-1/A

**PUBLIC DOCUMENT COUNT**: 7

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nova Lifestyle, Inc.
- **CENTRAL INDEX KEY:** 0001473334
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOUSEHOLD FURNITURE [2510]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 270991837
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287559
- **FILM NUMBER:** 251188902

**BUSINESS ADDRESS:**
- **STREET 1:** 6565 E. WASHINGTON BLVD.
- **CITY:** COMMERCE
- **STATE:** CA
- **ZIP:** 90040
- **BUSINESS PHONE:** (323) 888-9999

**MAIL ADDRESS:**
- **STREET 1:** 6565 E. WASHINGTON BLVD.
- **CITY:** COMMERCE
- **STATE:** CA
- **ZIP:** 90040

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stevens Resources, Inc.
- **DATE OF NAME CHANGE:** 20090929

**As filed with the Securities and Exchange Commission on August 6, 2025**

**Registration No. 333-287559**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**Amendment No. 3** 

**to**

**FORM S-1**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**Nova LifeStyle, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **<u>Nevada</u>** | **<u>90-0746568</u>** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employee<br> Identification No.) |

---

**6565 E. Washington Blvd.**

**Commerce, CA 90040**

**(323) 888-9999**

(Address of principal executive offices, including zip code)

**Xiaohua Lu**

**Chief Executive Officer**

**6565 E. Washington Blvd.**

**Commerce, CA 90040**

**Tel: (323) 888-9999**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Approximate date of commencement of proposed sale to the public: **From time to time after the effective date of this Registration Statement.**

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.**

**EXPLANATORY NOTE**

This Amendment No. 3 to the Registration Statement on Form S-1 (File No. 333-287559) is being filed solely to file certain exhibits thereto.

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 13. Other Expenses of Issuance and Distribution.**

The following table indicates the expenses to be incurred in connection with the offering described in this registration statement, excluding discounts and commissions of the Placement Agent, all of which will be paid by us. All amounts are estimated except the SEC registration fee.

---

| | |
|:---|:---|
|  | **Amount** |
| SEC registration fee | $4685 |
| FINRA filing fee | 5090 |
| Printing and EDGAR expenses | 25000 |
| Legal fees and expenses | 150000 |
| Accounting fees and expenses | 40000 |
| Total | 224775 |

---

**Item 14. Indemnification of Directors and Officers**

Section 78.138 of the NRS provides that a director or officer is not individually liable to the corporation or its shareholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer unless it is proven that (1) the director's or officer's act or failure to act constituted a breach of his fiduciary duties as a director or officer and (2) his or her breach of those duties involved intentional misconduct, fraud or a knowing violation of law.

This provision is intended to afford directors and officers protection against and to limit their potential liability for monetary damages resulting from suits alleging a breach of the duty of care by a director or officer. As a consequence of this provision, shareholders of our Company will be unable to recover monetary damages against directors or officers for action taken by them that may constitute negligence or gross negligence in performance of their duties unless such conduct falls within one of the foregoing exceptions. The provision, however, does not alter the applicable standards governing a director's or officer's fiduciary duty and does not eliminate or limit the right of our company or any shareholder to obtain an injunction or any other type of non-monetary relief in the event of a breach of fiduciary duty.

Our Articles of Incorporation and Amended and Restated Bylaws provide, among other things, that a director, officer, employee or agent of the corporation may be indemnified against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such claim, action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best of our interests, and with respect to any criminal action or proceeding, such person had no reasonable cause to believe that such person's conduct was unlawful. The Company also maintains an insurance policy to assist in funding indemnification of directors and officers for certain liabilities.

Insofar as indemnification for liabilities arising under the Securities Act may be provided for directors, officers, employees, agents or persons controlling an issuer pursuant to the foregoing provisions, the opinion of the SEC is that such indemnification is against public policy as expressed in the Securities Act, and is therefore unenforceable. In the event that a claim for indemnification by such director, officer or controlling person of us in the successful defense of any action, suit or proceeding is asserted by such director, officer or controlling person in connection with the securities being offered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**Item 15. Recent Sales of Unregistered Securities.**

Except as set forth below, in the three years preceding the filing of this registration statement, the registrant has not issued any securities that were not registered under the Securities Act:

On March 13, 2025, the Company entered into a Securities Purchase Agreement with Huge Energy International Limited, pursuant to which the Company agreed to sell to the Purchaser in a private placement 500,000 shares of the Company's common stock, par value $0.001 per share, at a purchase price of $0.40 per share for an aggregate price of $200,000. The Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.

On February 10, 2025, the Company entered into a Securities Purchase Agreement with Huge Energy International Limited, pursuant to which the Company agreed to sell to the Purchaser in a private placement 250,000 shares of the Company's common stock, par value $0.001 per share, at a purchase price of $0.60 per share for an aggregate price of $150,000. The Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.

On January 6, 2025, the Company entered into a Securities Purchase Agreement with Huge Energy International Limited, pursuant to which the Company agreed to sell to the Purchaser in a private placement 500,000 shares (the "Shares") of the Company's common stock, par value $0.001 per share, at a purchase price of $0.40 per share for an aggregate price of $200,000. The Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.

On October 25, 2024, the Company entered into a Securities Purchase Agreement with Huge Energy International Limited, pursuant to which the Company agreed to sell to the Purchaser in a private placement 125,000 shares (the "Shares") of the Company's common stock, par value $0.001 per share, at a purchase price of $1.20 per share for an aggregate price of $150,000. The Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.

On May 16, 2024, the Company entered into a Securities Purchase Agreement with certain purchaser identified on the signature page thereto, pursuant to which the Company agreed to sell to the Purchaser in a private placement 200,000 shares of the Company's common stock, par value $0.001 per share, at a purchase price of $2.00 per share for an aggregate price of $400,000. The Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.

**Item 16. Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 1.1\*\* | [Form of Placement Agent Agreement](https://www.sec.gov/Archives/edgar/data/1473334/000164117225020930/ex1-1.htm) |
| 3.1 | [Articles of Incorporation (Incorporated herein by reference to Exhibit 3.1 to the Company's Registration Statement on Form S-1 (File No. 333-163019) filed on November 10, 2009)](https://www.sec.gov/Archives/edgar/data/1473334/000146992809000044/stevenss1110609ex3.htm) |
| 3.2 | [Amended and Restated Bylaws (Incorporated herein by reference to Exhibit 3.2 to the Company's Current Report on Form 8-K (File No. 333-163019) filed on June 30, 2011)](https://www.sec.gov/Archives/edgar/data/1473334/000118518511000948/ex3-2.htm) |
| 3.3 | [Certificate of Amendment to Articles of Incorporation filed with the Secretary of the State of Nevada on December 15, 2009, and effective as of September 9, 2009 (Incorporated herein by reference to Exhibit 3.3 to the Company's Current Report on Form 8-K (File No. 333-163019) filed on June 30, 2011)](https://www.sec.gov/Archives/edgar/data/1473334/000118518511000948/ex3-3.htm) |
| 5.1\*\* | [Opinion of Fennemore Craig, P.C.](https://www.sec.gov/Archives/edgar/data/1473334/000164117225020930/ex5-1.htm) |
| 10.1\*\* | [Form of Securities Purchase Agreement](https://www.sec.gov/Archives/edgar/data/1473334/000164117225012269/ex10-1.htm) |
| 10.2\* | [Form of Subscription Escrow Agreement](ex10-2.htm) |
| 10.3\*\* | [Form Warrant](https://www.sec.gov/Archives/edgar/data/1473334/000164117225012269/ex10-2.htm) |
| 21.1\*\* | [Subsidiaries of the Registrant](https://www.sec.gov/Archives/edgar/data/1473334/000164117225012269/ex21-1.htm) |
| 23.1\* | [Consent of WWC, P.C.](ex23-1.htm) |
| 23.2\* | [Consent of Enrome LLP](ex23-2.htm) |
| 23.3\*\* | [Consent of Fennemore Craig, P.C. (included in Exhibit 5.1)](https://www.sec.gov/Archives/edgar/data/1473334/000164117225020930/ex5-1.htm) |
| 24.1\*\* | [Power of Attorney (included on the Signature Page)](https://www.sec.gov/Archives/edgar/data/1473334/000164117225012269/forms-1.htm#sk_001) |
| 107\*\* | [Filing Fee Table](https://www.sec.gov/Archives/edgar/data/1473334/000164117225020930/ex-107.htm) |

---

\* Filed herewith.

\*\* Previously filed.

**Item 17. Undertakings**

***The undersigned hereby undertakes:***

(1) To
 file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;(i) To
 include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) To
 reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
 post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
 forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
 the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end
 of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission
 pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum
 aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
 and

&nbsp;&nbsp;&nbsp;&nbsp;(iii) To
 include any material information with respect to the plan of distribution not previously disclosed in the registration statement
 or any material change to such information in the registration statement;

(2) That,
 for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
 to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
 be deemed to be the initial bona fide offering thereof.

(3) To
 remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
 termination of the offering.

(4) That,
 for the purpose of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule
 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other
 than prospectuses filed in reliance on Rule 430A (§230.430A of this chapter), shall be deemed to be part of and included in
 the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration
 statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference
 into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract
 of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that
 was part of the registration statement or made in any such document immediately prior to such date of first use.

(5) That,
 for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution
 of the securities:

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;(i) Any
 preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule
 424;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any
 free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by
 the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
 or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any
 other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(6) That,
 for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form
 of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of
 such securities at that time shall be deemed to be the initial bona fide offering thereof.

(7) That,
 for purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed
 as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant
 to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time
 it was declared effective.

(8) That,
 for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant
 to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's
 annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration
 statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
 securities at that time shall be deemed to be the initial bona fide offering thereof.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Commerce, State of California on August 6, 2025.

---

| | |
|:---|:---|
| **NOVA LIFESTYLE, INC.** | **NOVA LIFESTYLE, INC.** |
| By: | */s/ Xiaohua Lu* |
|  | Xiaohua Lu |
|  | Chief Executive Officer, President and Director (Principal Executive Officer) |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Xiaohua Lu as attorney-in-fact and agent, with full power of substitution and re-substitution, to sign on his or her behalf, individually and in any and all capacities, including the capacities stated below, any and all amendments (including post-effective amendments) to this registration statement and any registration statements filed by the registrant pursuant to Rule 462 of the Securities Act of 1933, as amended, relating thereto and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting to said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Signature** |  | **Date** |  | **Title** |
| */s/ Xiaohua Lu* |  | August 6, 2025 |  | Chief Executive Officer, President and Director |
| Xiaohua Lu |  |  |  | (Principal Executive Officer) |
| */s/ Jeffery Chuang\** |  | August 6, 2025 |  | Chief Financial Officer |
| Jeffery Chuang |  |  |  | (Principal Financial and Accounting Officer) |
| */s/ Thanh H. Lam \** | | August 6, 2025 | | Director and Chairperson |
| Thanh H. Lam |  |  |  |  |
| */s/ Umesh Patel\** |  | August 6, 2025 |  | Director |
| Umesh Patel |  |  |  |  |
| */s/ Ming-Cherng Sky Tsai\** |  | August 6, 2025 |  | Director |
| Ming-Cherng Sky Tsai |  |  |  |  |
| */s/ Huy P. La\** |  | August 6, 2025 |  | Director |
| Huy P. La |  |  |  |  |

---

---

| | |
|:---|:---|
| \* By: | */s/ Xiaohua Lu* |

---

Xiaohua Lu, Attorney & Agent In Fact (pursuant to the power of attorney included on the signature page of the registration statement filed on August 6, 2025)

## Exhibit 10.2

**Exhibit 10.2**

**SUBSCRIPTION ESCROW AGREEMENT**

This Subscription Escrow Agreement (the "Escrow Agreement") dated as of July 28th, 2025 (the "Effective Date") is made by and among Nova LifeStyle, Inc., a Nevada corporation (the "**Company**"), having an address at 6565 E. Washington Blvd., Commerce, CA 90040, American Trust Investment Services, Inc., an Indiana corporation (the "**Placement Agent**") and broker-dealer acting to place the Company's securities pursuant to a Placement Agency Agreement by and between the Company and the Placement Agent and having an address at 910 S. El Camino Real, Suite 200, San Clemente, California 92672, and CSC Delaware Trust Company (the "**Escrow Agent**"), having an office at 251 Little Falls Drive, Wilmington, Delaware 19808. All capitalized terms not herein defined shall have the meanings ascribed to them in that certain Securities Purchase Agreement, dated ____, 2025, including all attachments, schedules and exhibits thereto (the "**Purchase Agreement**").

**WHEREAS**, the Company will offer to certain accredited private investors up to $9 million in common stock and warrants (the "Securities") pursuant to the Purchase Agreement that set forth the full terms therein;

**WHEREAS,** the Placement Agent has been named as the placement agent in connection with the proposed offering of the Securities;

**WHEREAS**, the Company is required to establish an escrow account in connection with the Purchase Agreement;

**WHEREAS**, the Company desires to establish an escrow account with the Escrow Agent for funds contributed by investors with the Escrow Agent, to be held for the benefit of investors and the Company in accordance with the terms of this Agreement;

**WHEREAS**, the Placement Agent and the Company appoint the Escrow Agent as escrow agent of such escrow subject to the terms and conditions set forth in this Agreement; and

**WHEREAS**, the Escrow Agent accepts such appointment as escrow agent subject to the terms and conditions set forth in this Agreement.

**NOW THEREFORE**, in consideration of the foregoing and of the mutual covenants hereinafter set forth, the parties hereto agree as follows:

1. Appointment. The Company and Placement Agent hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein.

2. **Escrow Fund.** All funds received by the Placement Agent and the Company in connection with the sale of Securities shall be deposited with and held by the Escrow Agent (the "Escrow Fund") subject to the terms and conditions hereof. The Placement Agent will deliver, or shall cause to be delivered, to the Escrow Agent by wire transfer made payable to "CSC Delaware Trust Company as Escrow Agent for Nova LifeStyle, Inc." to be held in the Escrow Agent's trust account at US Bank entitled "Nova LifeStyle, Inc., CSC Delaware Trust Company as Escrow Agent" having ABA No. 042000013Account No. .130125268891, 1, FFC.1010013012, (the "**Escrow Account**").

3. **Investment of Escrow Fund.** During the term of this Escrow Agreement, the Escrow Fund shall be held by the Escrow Agent in a non-interest bearing account. The Escrow Agent may earn compensation in the form of short-term interest ("float") on items like uncashed distribution checks (from the date issued until the date cashed), funds that we are directed not to invest, deposits awaiting investment direction or received too late to be invested overnight in previously directed investments.

4. **Disposition and Termination.** The Placement Agent and the Company agree to notify the Escrow Agent in a joint writing of each closing date of the offering (the "Closing Dates"). Upon receipt of such joint written notification the following procedure will take place.

(i) The
 Escrow Fund will be promptly paid to or credited to the account of, or otherwise transferred
 to the Company and the Placement Agent in accordance with the payment instructions set forth
 in the joint written notification.

(ii) If
 no closing takes place, or if any subscription is not accepted by the Company, the Escrow
 Agent shall be provided with a list containing the amount received from each subscriber whose
 funds have been deposited with the Escrow Agent (with respect to each subscriber the "Subscriber
 Investment Amount") and the name, address and Taxpayer Identification Number ("TIN")
 of each subscriber. The aggregate of all Subscriber Investment Amounts shall be at least
 equal to the amount of the Escrow Fund on the Offering Closing Date. The Escrow Agent shall
 distribute to each subscriber the appropriate Subscriber Investment Amount pursuant to joint
 written instructions of the Company and Placement Agent within 10 days of receipt of the
 information described in this Section 4(ii).

Upon delivery of the Escrow Fund to the Company and Placement Agent or the investors as the case may be, by the Escrow Agent and upon written notification from the Placement Agent to the Escrow Agent that the offering has terminated, this Escrow Agreement shall terminate, subject to the provisions of Section 8.

5. **Escrow Agent**. The Escrow Agent undertakes to perform only such duties as are expressly set forth herein and no duties shall be implied. The Escrow Agent shall have no liability under and no duty to inquire as to the provisions of any agreement other than this Escrow Agreement. The Escrow Agent may rely upon and shall not be liable for acting or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent shall be under no duty to inquire into or investigate the validity, accuracy or content of any such document. The Escrow Agent shall have no duty to solicit any payments which may be due it or the Escrow Fund. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith except to the extent that a court of competent jurisdiction determines that the Escrow Agent's gross negligence or willful misconduct was the primary cause of any loss to the Company or Placement Agent. The Escrow Agent may execute any of its powers and perform any of its duties hereunder directly or through agents or attorneys (and shall be liable only for the careful selection of any such agent or attorney) and may consult with counsel, accountants and other skilled persons to be selected and retained by it. The Escrow Agent shall not be liable for anything done, suffered or omitted in good faith by it in accordance with the advice or opinion of any such counsel, accountants or other skilled persons. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall receive instructions, claims or demands from any party hereto which, in its opinion, conflict with any of the provisions of this Escrow Agreement, it shall be entitled to refrain from taking any action and its sole obligation shall be to keep safely all property held in escrow until it shall be directed otherwise in writing by all of the other parties hereto or by a final order or judgment of a court of competent jurisdiction. Anything in this Escrow Agreement to the contrary notwithstanding, in no event shall the Escrow Agent be liable for special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been advised of the likelihood of such loss or damage and regardless of the form of action.

6. **Succession.** The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving 20 days advance notice in writing of such resignation to the other parties hereto specifying a date when such resignation shall take effect, provided that no such resignation shall become effective until the appointment of a successor escrow agent which shall be accomplished as follows: the Company and the Placement Agent shall use their reasonable best efforts to obtain a successor escrow agent within twenty (20) days of receiving such notice. If the parties fail to agree upon a successor escrow agent within such time, the Escrow Agent shall have the right to petition a court of competent jurisdiction to appoint a successor escrow agent authorized to do business in the relevant jurisdiction. The successor escrow agent shall execute and deliver an instrument accepting such appointment and it shall without further acts, be vested with all the estates, properties, rights, powers, and duties of the predecessor escrow agent as if originally named as escrow agent. The Escrow Agent shall thereupon be discharged from any further duties and liability under this Escrow Agreement. The Escrow Agent shall have the right to withhold an amount equal to any amount due and owing to the Escrow Agent, plus any costs and expenses the Escrow Agent shall reasonably believe may be incurred by the Escrow Agent in connection with the termination of the Escrow Agreement. Any corporation or association into which the Escrow Agent may be merged or converted or with which it may be consolidated shall be the Escrow Agent under this Escrow Agreement without further act.

7. **Fees**. The Company and Placement Agent agree jointly and severally to (i) pay the Escrow Agent upon execution of this Escrow Agreement and from time to time thereafter reasonable compensation for the services to be rendered hereunder, which unless otherwise agreed in writing shall be as described in Exibit C attached hereto, and (ii) pay or reimburse the Escrow Agent upon request for all expenses, disbursements and advances, including reasonable attorney's fees and expenses, incurred or made by it in connection with the preparation, execution, performance, delivery, modification and termination of this Escrow Agreement. The Escrow Agent is authorized to deduct such fees from the Escrow Fund without prior authorization from the Company or Placement Agent upon the first closing of the offering.

8. **Indemnity.** The Company and the Placement Agent shall jointly and severally indemnify, defend and save harmless the Escrow Agent and its directors, officers, agents and employees (the "indemnitees") from all loss, liability or expense (including the fees and expenses of in house or outside counsel) arising out of or in connection with (i) the Escrow Agent's execution and performance of this Escrow Agreement, except in the case of any indemnitee to the extent that such loss, liability or expense is due to the gross negligence or willful misconduct of the Escrow Agent, or (ii) its following any instructions or other directions from the Company or the Placement Agent, except to the extent that its following any such instruction or direction is expressly forbidden by the terms hereof. The parties hereto acknowledge that the foregoing indemnities shall survive the resignation or removal of the Escrow Agent or the termination of this Escrow Agreement. The parties hereby grant the Escrow Agent a lien on, right of set-off against and security interest in the Escrow Fund for the payment of any claim for indemnification, compensation, expenses and amounts due hereunder.

9. **TINs.** All interest or other income earned under the Escrow Agreement, if any, shall be allocated to the Company and reported, to the extent required by law, by the Escrow Agent to the IRS or any other taxing authority, as applicable, on IRS form 1099 or 1042S (or other appropriate form) as income earned from the Escrow Fund by the Company whether or not said income has been distributed during the year. Unless otherwise indicated in writing by the parties hereto, no taxes or other withholdings are required to be made under applicable law or otherwise with respect to any payment to be made by Escrow Agent. All documentation necessary to support a claim of exemption or reduction in such taxes or other withholdings has been timely collected by Company and copies will be provided to Escrow Agent promptly upon a request therefor. Unless otherwise agreed to in writing by Escrow Agent, all tax returns required to be filed with the IRS and any other taxing authority as required by law with respect to payments made hereunder shall be timely filed and prepared by Company including but not limited to any applicable reporting or withholding pursuant to the Foreign Account Tax Reporting Act ("FATCA"). The parties hereto acknowledge and agree that the Escrow Agent shall have no responsibility for the preparation and/or filing of any tax return or any applicable FATCA reporting with respect to the Escrow Fund. The Escrow Agent shall withhold any taxes it deems appropriate, including but not limited to required withholding in the absence of proper tax documentation, and shall remit such taxes to the appropriate authorities as it determines may be required by any law or regulation in effect at the time of the distribution.

10. **Notices.** All communications hereunder shall be in writing and shall be deemed to be duly given and received:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) upon delivery if delivered personally or upon confirmed transmittal if by email or by other electronic means;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) on the next Business Day (as hereinafter defined) if sent by overnight courier; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) four (4) Business Days after mailing if mailed by prepaid registered mail, return receipt requested, to the appropriate notice addresses set forth below.

If to the Representative:

American Trust Investment Services, Inc.

910 S. El Camino Real

Suite 200

Sam Clemente, California 92672

Kristopher Kessler, Managing Principal

Email:

If to the Company:

Nova Lifestyle, Inc.

6565 E. Washington Blvd.

Commerce, California 90040

Attention: Xiaohua Lu, CEO

Email: xiaohua_lu@novalifestyle.com

If to Escrow Agent:

CSC Delaware Trust Company

251 Little Falls Drive

Wilmington, DE 19808

Attention: Escrow Administration

Escrow-us@delawaretrust.com

Notwithstanding the above, in the case of communications delivered to the Escrow Agent pursuant to (ii) and (iii) of this Section 10, such communications shall be deemed to have been given on the date received by the Escrow Agent. In the event that the Escrow Agent, in its sole discretion, shall determine that an emergency exists, the Escrow Agent may use such other means of communication as the Escrow Agent deems appropriate. "Business Day" shall mean any day other than a Saturday, Sunday or any other day on which the Escrow Agent is authorized or required by law or executive order to remain closed.

11. **Security Procedures.** In the event funds transfer instructions are given (other than in writing at the time of execution of this Escrow Agreement), whether in writing, by telecopier or otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit A (for the Placement Agent) and Exhibit B (for the Company) hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. Wire instructions included on Exhibit A and Exhibit B, attached hereto, will be considered standing instructions and will not require verbal telephone confirmation. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. The Escrow Agent and the beneficiary's bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company or the Placement Agent to identify (i) the beneficiary, (ii) the beneficiary's bank, or (iii) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even where its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary's bank or an intermediary bank designated. The parties to this Escrow Agreement acknowledge that these security procedures are commercially reasonable.

12. **Miscellaneous.** The provisions of this Escrow Agreement may be waived, altered, amended or supplemented, in whole or in part, only by a writing signed by all of the parties hereto. Neither this Escrow Agreement nor any right or interest hereunder may be assigned in whole or in part by any party, except as provided in Section 6, without the prior consent of the other parties. This Escrow Agreement shall be governed by and construed under the laws of the State of Delaware. Each party hereto irrevocably waives any objection on the grounds of venue, forum non-conveniens or any similar grounds and irrevocably consents to service of process by mail or in any other manner permitted by applicable law and consents to the jurisdiction of the courts located in the State of Delaware. The parties further hereby waive any right to a trial by jury with respect to any lawsuit or judicial proceeding arising or relating to this Escrow Agreement. No party to this Escrow Agreement is liable to any other party for losses due to, or if it is unable to perform its obligations under the terms of this Escrow Agreement because of, acts of God, fire, floods, strikes, equipment or transmission failure, or other causes reasonably beyond its control. This Escrow Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

***Signature Page Follows***

**IN WITNESS WHEREOF**, the parties have duly executed this Agreement as of the date first set forth above.

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| | |
|:---|:---|
| **AMERICAN TRUST INVESTMENT SERVICES, INC.** | **AMERICAN TRUST INVESTMENT SERVICES, INC.** |
| By: |  |
| Name: | Kristopher Kessler |
| Title: | Managing Principal |
| **NOVA LIFESTYLE, INC.** | **NOVA LIFESTYLE, INC.** |
| By: |  |
| Name: | Xiaohua Lu |
| Title: | Chief Executive Officer |
| **CSC DELAWARE TRUST COMPANY** | **CSC DELAWARE TRUST COMPANY** |
| By: |  |
| Name: | James L. Grier |
| Title: | Vice President |

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**<u>EXHIBIT A</u>**

CERTIFICATE OF AUTHORIZED REPRESENTATIVES AMERICAN TRUST INVESTMENT SERVICES, INC.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Signature** | **Initiate<br> (Y/N)** | **Callback<br> (Y/N)** | **Phone Number** | **Alt. Phone Number** |

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**<u>STANDING WIRE INSTRUCTIONS FOR AMERICAN TRUST INVESTMENT SERVICES, INC.</u>**

In accordance with Section 3(a) of the Agreement disbursements to AMERICAN TRUST INVESTMENT SERVICES, INC. by wire transfer must be sent in accordance with the following wire instructions:

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| | |
|:---|:---|
| Bank Name: | Bank of America |
| Account number: | 291040079169 |
| Active ACH Blocks/Filters on file: | Yes |
| Routing number ACH/EFT: | 021200339 |
| Routing number DOM. WIRES: | 026009593 |

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**<u>EXHIBIT B</u>**

CERTIFICATE OF AUTHORIZED REPRESENTATIVES – NOVA LIFESTYLE, INC.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Signature** | **Initiate<br> (Y/N)** | **Callback<br> (Y/N)** | **Phone Number** | **Alt. Phone Number** |

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**<u>STANDING WIRE INSTRUCTIONS FOR NOVA LIFESTYLE, INC..</u>**

In accordance with Section 3(a) of the Agreement disbursements to Nova LifeStyle, Inc. by wire transfer must be sent in accordance with the following wire instructions:

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| | |
|:---|:---|
| Bank Name: | Cathay Bank |
| Bank Address: | 4128 Temple City Blvd, Rosemead, CA 91770 |
| ABA Number: | 122203950 |
| SWIFT Code: | CATHUS6L |
| Account Number: | 02087820 |
| Account Name: | Nova Lifestyle Inc. |

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**<u>EXHIBIT C</u>**

SCHEDULE OF FEES

Escrow Agent Fees:

$1,000.00 – set-up fee payable in advance of the closing of the transaction

$3,000.00 - escrow agent fee payable in advance of the closing of the transaction and upon each subsequent annual anniversary date.

TRANSACTION FEES:

Wire transfer of fund: $35.00/domestic wire initiated; $75.00/international payment

Checks Cut: $10.00/check cut

1099 Preparation: $12.00/1099 prepared

1042-S Preparation: $50.00/per 1042-S

Returned Check: $30.00/returned item

An additional annual fee of 15 basis points on the escrow account balance payable in advance may be charged for investments other than institutional money market funds with which the Escrow Agent has established servicing arrangements. Out-of-pocket expenses, fees and disbursements and services of an unanticipated or unexpected nature are not included in the above schedule.

## Exhibit 23.1

**Exhibit 23.1**

**<u>Consent of Independent Registered Public Accounting Firm</u>**

Nova LifeStyle, Inc.

We hereby consent to the incorporation by reference in Amendment No. 3 to the Registration Statement on Form S-1 (Registration No. 333-287559) of our report dated April 12, 2024, relating to the consolidated balance sheets of Nova LifeStyle, Inc., and subsidiaries (collectively the "Company") as of December 31, 2023, and the related consolidated statements of loss and comprehensive loss, stockholders' equity, and cash flows for the year then ended December 31, 2023 and the related notes (collectively referred to as the "financial statements") which are included in the Annual Report on Form 10-K of the Company for the year ended December 31, 2024, filed on March 31, 2025.

We also consent to the Company's reference to WWC, P.C., Certified Public Accountants, as experts in accounting and auditing under the caption "Experts" in such Registration Statement.

/s/ WWC, P.C.

WWC, P.C.

Certified Public Accountants

San Mateo, California

PCAOB ID: 1171

August 6, 2025

![](ex23-1_002.jpg)

## Exhibit 23.2

**Exhibit 23.2**

![](ex23-2_001.jpg)

**Consent of Independent Registered Public Accounting Firm**

We hereby consent to the incorporation by reference in this Amendment No.3 to the Registration Statement on Form S-1 of Nova Lifestyle Inc. and its subsidiaries of our report dated March 31, 2025 relating to the financial statements for the year ended December 31, 2024.

We also consent to the reference to us under the heading "Experts" in this Registration Statement.

/s/ Enrome LLP

Singapore

August 6, 2025

PCAOB ID #6907

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| | | |
|:---|:---|:---|
| **Enrome LLP** | 143 Cecil Street #19-03/04<br> GB Building Singapore 069542 | admin@enrome-group.com<br> www.enrome-group.com |

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