Nova Lifestyle Inc. Announces A US$5.66 Million Investment

LOS ANGELES, Sept. 29, 2025 (GLOBE NEWSWIRE) — Nova Lifestyle, Inc. (“Nova” or the “Company”) (NASDAQ: NVFY), at this time introduced that the Company has invested roughly US$5.66 million to subscribe 99.815% curiosity of Preamble Capital, A Series of CGF2021 LLC that may purchase 6.667% curiosity of a sure fund that holds an mixture of 353,772 shares of Common Stock of Space Exploration Technologies Corp., a Texas company (“SpaceX”), comprising of 121,805 shares of Class A Common Stock and 231,967 shares of Class C Common Stock of SpaceX.

The funding in SpaceX represents a major step in Nova’s strategic transformation towards expertise and innovation-driven sectors, together with AI-driven sensible residing options.

Mr. Xiaohua Lu, Chief Executive Officer of Nova Lifestyle, said, “This opportunity to invest in SpaceX enables us to diversify our business and holdings, all of which we believe will contribute to long-term shareholder value. Although we are not changing our core business, we are exploring investment opportunities, all of which are intended to complement—not replace—our existing operations. We remain committed to our core business in the furniture and lifestyle sector while expanding the opportunities for investment in technologies and assets.”

About Nova Lifestyle

Nova Lifestyle, Inc. is a well-established, revolutionary designer and distributor of recent way of life furnishings; primarily sofas, eating room furnishings, cupboards, workplace furnishings, and associated parts, bed room furnishings, and numerous equipment, in matching collections. Nova LifeStyle’s product strains embody the Nova Brands and Diamond Sofa (www.diamondsofa.com). Nova’s merchandise function city up to date types that combine consolation and performance, incorporating upscale luxurious designs that attraction to center and upper-middle-income customers within the USA, China, Southeast Asia, and elsewhere on this planet.

Visit Nova LifeStyle’s web site at www.NovaLifeStyle.com.

Forward-Looking Statements

This press launch could include forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, together with, amongst others, our capability to completely resume our operations and stay financially wholesome, and our anticipated future development prospects. All statements apart from statements of historic reality are, or could also be deemed to be, forward-looking statements. In some circumstances, forward-looking statements will be recognized by way of forward-looking phrases similar to “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the damaging of those phrases or different comparable phrases. However, the absence of those phrases doesn’t imply that the statements are usually not forward-looking. These forward-looking statements are primarily based on sure assumptions and analyses made by us in mild of our expertise and our notion of historic traits, present situations, and anticipated future developments, in addition to different elements we imagine are applicable within the circumstances.

Investor Relations Contact
Andrew Barwicki
516-662-9461
[email protected]
[email protected]