Filing Details

Accession Number:
0001493152-23-043067
Form Type:
13G Filing
Publication Date:
2023-11-28 19:00:00
Filed By:
Web 3.0 Sdh Bhd
Company:
Nova Lifestyle Inc. (NASDAQ:NVFY)
Filing Date:
2023-11-29
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Web 3.0 SDH BHD 270,000 0 270,000 0 270,000 16.5%
Koo Han Ruey 270,000 0 270,000 0 270,000 16.5%
Filing

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

(Rule 13d-102)

 

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

Nova lifestyle inc.

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

66979P300

(CUSIP Number)

 

November 20, 2023

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  Rule 13d-1(b)

 

  Rule 13d-1(c)

 

  Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

1 Name of Reporting Person

 

Web 3.0 SDH BHD

2 Check the Appropriate Box if a Member of a Group

 

(a) ☐

(b) ☐

3

SEC Use Only

 

 

4 Citizenship or place of organization

 

Malaysia

Number of
Shares
Beneficially
Owned by Each
Reporting Person
With:
  5 Sole Voting Power
 

 

270,000

  6 Shared Voting Power
 

 

0

  7 Sole Dispositive Power
 

 

270,000

  8

Shared Dispositive Power

 

  0
9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

270,000
10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

11

Percent of Class Represented by Amount in Row (9)

 

16.5% (1)
12

Type of Reporting Person

 

CO
   
(1) Calculated based on a total of 1,634,727 shares of common stock of the Issuer as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2023.

 

2

 

 

1

Name of Reporting Person

 

Koo Han Ruey
2

Check the Appropriate Box if a Member of a Group

 

(a) ☐
(b) ☐
3

SEC Use Only

 

 

4

Citizenship or place of organization

 

Malaysia
Number of
Shares
Beneficially
Owned by Each
Reporting Person
With:
  5

Sole Voting Power

 

  270,000(2)
  6

Shared Voting Power

 

  0
  7

Sole Dispositive Power

 

  270,000(2)
  8

Shared Dispositive Power

 

  0
9

Aggregate Amount Beneficially Owned by Each Reporting Person

 

270,000(2)
10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

11

Percent of Class Represented by Amount in Row (9)

 

16.5% (3)
12

Type of Reporting Person

 

IN
   
(2) In his capacity as the sole shareholder and director of Web 3.0 SDH BHD.
(3) Calculated based on a total of 1,634,727 shares of common stock of the Issuer as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 14, 2023.

 

3

 

 

Item 1(a). Name of Issuer:
   
  Nova LifeStyle Inc. (the “Issuer”)

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

6565 E. Washington Blvd., Commerce, CA, 90040

 

Item 2(a). Name of Person Filings:

 

Web 3.0 SDH BHD

Koo Han Ruey

 

Item 2(b).

Address of Principal Business Office, or, if none, Residence:

 

  Web 3.0 SDH BHD
 

Address: 2nd Floor, Lot 2805, Block 10, Jalan Tun Ahmad Zaidi Adruce, Central Park Commercial Centre, 93150 Kuching, Sarawak, Malaysia.

 

Koo Han Ruey

Address: 2nd Floor, Lot 2805, Block 10, Jalan Tun Ahmad Zaidi Adruce, Central Park Commercial Centre, 93150 Kuching, Sarawak, Malaysia.

 

Item 2(c). Citizenship:
   
 

Web 3.0 SDH BHD: Malaysia

Koo Han Ruey: Malaysia

 

Item 2(d). Title of Class of Securities:
   
  Common Stock, $0.001 par value.

 

Item 2(e). CUSIP No.:
   
 

66979P300

 

 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d -2(b) or (c), check whether the persons filing is a:
   
  Not applicable

 

4

 

 

Item 4. Ownership:
   
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

   Amount
beneficially
owned
   Percent of
class (1)
   Sole power to
vote or direct
the vote
   Shared power
to vote or to
direct the vote
  

Sole power to dispose or to
direct the
disposition of

   Shared power
to dispose or
to direct the
disposition of
 
Web 3.0 SDH BHD   270,000    16.5%   270,000      0    270,000         0 
Koo Han Ruey(2)   270,000    16.5%   270,000    0    270,000    0 

 

(1) Calculated based on a total of 1,634,727 shares of common stock of the Issuer as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 14, 2023.
(2) In his capacity as the sole shareholder and director of Web 3.0 SDH BHD.

 

Item 5. Ownership of Five Percent or Less of a Class:
   
  Not applicable

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person:
   
  Not applicable

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:
   
  Not applicable

 

Item 8. Identification and Classification of Members of the Group:
   
  Not applicable

 

Item 9. Notice of Dissolution of Group:
   
  Not applicable

 

Item 10. Certifications:
   
 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a–11.

 

5

 

 

LIST OF EXHIBITS

 

Exhibit No.

  Description
   
99.1   Joint Filing Agreement

 

6

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: November 29, 2023

 

  Web 3.0 SDH BHD
     
  By: /s/ Koo Han Ruey
  Name: Koo Han Ruey
 

Title:

Director
     
  Koo Han Ruey
     
  By: /s/ Koo Han Ruey
  Name:  Koo Han Ruey

 

7