Nova Lifestyle CEO Ya Ming Wong resigns
On October 3, the board of Nova Lifestyle, received a letter of resignation from Mr. Ya Ming Wong, the Company's Chief Executive Officer and a member of the board, effective immediately. Mr. Wong indicated that he was resigning to pursue other professional opportunities, and not due to a disagreement with the Company or the Board. On October 7, the board appointed Ms. Thanh H. Lam to serve as the Company's interim CEO. Ms. Lam has served as the Company's President and as a member of its Board since June 30, 2011, and was elected as Chairperson on June 4, 2013. Lam was a co-founder of the Diamond Sofa brand and previously was the CEO of Diamond Bar in Commerce, California, a wholly-owned subsidiary of the Company acquired in August 2011. Ms. Lam has pioneered the Diamond Sofa brand since 1992.