10/14/2025 | Press release | Distributed by Public on 10/14/2025 15:30
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 10, 2025, the Board of Directors (the "Board") of Nova LifeStyle, Inc. (the "Company") approved the increase in the size of the Board from six members to seven members. At the same time, the Board appointed Mr. Yizhou (Steven) Zhao, the Chief Operating Officer and Corporate Secretary of the Company as a new member to serve on the Board. The new member of the Board was appointed to fill the vacancy on the Board created by the increase of the size of the Board.
Mr. Zhao, age 28, has served as the Chief Operating Officer and Corporate Secretary of the Company since October 7, 2025. Mr. Zhao also has worked as Data Analysis Statistician at Diamond Bar Outdoors Inc., a wholly owned subsidiary of the Company since June 2025. Since May 2024, Mr. Zhao has been a self-directed independent investor in U.S. stock market. Mr. Zhao received his Bachelor of Science degree with Major in Statistics, Minor in Economics from Queen's University in Canada in May 2023 and his Master of Arts in Statistic from Columbia University in February 2023.
Mr. Zhao was not selected pursuant to any arrangement or understanding between him and any other person. There are no family relationships between Mr. Zhao and the directors, nor between Mr. Zhao and any executive officer of the Company. Mr. Zhao is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933, as amended.