Nova LifeStyle Signs Exclusive Agreement to Furnish Leading Chinese Senior Care Center

Nova LifeStyle, Inc.

("Nova LifeStyle" or the "Company"), a U.S. based fast-growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced that the Company has signed a strategic alliance agreement with (China) Shanxi Wanqing Senior Care Service, Group ("Shanxi Wanqing"), a senior care service, senior care home and hotel development company, to operate as its exclusive supplier for furniture design and manufacturing. Shanxi Wanqing plans to invest a total amount of 3.0 billion RMB (USD $460 Million) to build a major senior care center in Luoyang, Henan province in China, and Nova LifeStyle will operate as the lead designer and manufacturer for all furnishings in the complex. Shanxi Wanqing is managing the project in conjunction with Luoyang Glass Company Limited ("Luoyang Glass"), a well-regarded, publicly traded state-owned enterprise that listed in both Shanghai and Hong Kong Exchange that manufactures and sells sheet glass in over 80 countries throughout the world. The center will operate as a modern, state-of-the-art senior care hub in the fifth largest provincial economy of China, comprising of housing, entertainment, and medical facilities spread over 329.5 acres. Construction at the property has already commenced, which consists of individual homes, and the rest of the project will continue throughout 2016. The companies will also collaborate on marketing initiatives, customer service, and product promotion in China in the coming year. Nova LifeStyle is the first American Brand furnishing solution provider to be included on a construction project of this scale in China.