Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

On October 25, 2024, Nova LifeStyle, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with certain purchaser identified on the signature page thereto (the "Purchaser"), 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 (the "Common Stock"), at a purchase price of $1.20 per share for an aggregate price of $150,000 (the "Private Placement"). 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.

The Agreement is filed as Exhibits 10.1 to this Current Report on Form 8-K. The foregoing summary of the terms of the Agreement are subject to, and qualified in its entirety by, the Agreement, which is incorporated herein by reference.