Material Agreement, Asset Transaction (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

See disclosure in Item 2.01 below and incorporate herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.

On September 25, 2025, Nova Furniture Limited, a company incorporated in the British Virgin Islands and a wholly owned subsidiary of Nova LifeStyle, Inc. (the "Company") closed its subscription of 99.815% interest in Preamble Capital, A Series of CGF2021 LLC (the "Preamble Capital"), a Delaware Limited Liability Company for $5,664,500.05, as previously disclosed in the Form 8-K filed by the Company with SEC on September 29, 2025.

On September 26, 2025, Preamble Capital entered into a Subscription Agreement (the "Agreement") with a certain fund that holds an aggregate of 353,772 shares of Common Stock of Space Exploration Technologies Corp., a Texas corporation ("SpaceX"), comprising of 121,805 shares of Class A Common Stock and 231,967 shares of Class C Common Stock of Space X. Pursuant to the Agreement, Preamble Capital subscribed approximately 6.667% interest of such fund for an amount of $5,660,000.05 (the "Transaction"). On September 29, 2025, Preamble Capital closed the Transaction.