Steven Qiang Liu
About Steven Qiang Liu
Steven Qiang Liu is Vice President at Nova LifeStyle, Inc. and has served in this role since January 2, 2017; he previously founded and serves as CEO of St. Joyal (est. 2007), bringing banking, business management, acquisitions and investment oversight experience to NVFY . As of 2025, his age is disclosed as 50 in the company’s proxy; his education includes a Bachelor’s Degree in Finance and Economics from Hunan College . He has been a material shareholder historically; most recently he beneficially owned 400,614 shares of NVFY (ownership % declined as shares outstanding expanded) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nova LifeStyle, Inc. | Vice President | Since Jan 2, 2017 | Banking and business management background; acquisitions and investment oversight applied to NVFY operations |
| Nova LifeStyle, Inc. | Executive Officer roster listings (biographical disclosure) | 2019–2025 | Continuity in the executive team with Liu as VP across multiple years of filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| St. Joyal | Chief Executive Officer & Founder | Since 2007 | Business investment and development platform; experience in acquisitions and investment oversight |
Fixed Compensation
- Not disclosed for Steven Qiang Liu in recent DEF 14A filings; proxies identify him as Vice President and provide ownership details but do not include his specific salary/bonus tables among the excerpts retrieved .
Performance Compensation
- Not disclosed for Steven Qiang Liu (no RSU/PSU/option grant details, performance metrics, or vesting schedules were found for him in the referenced DEF 14A excerpts; director compensation was disclosed separately) .
Equity Ownership & Alignment
| Metric | 2014 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 (Apr) | 2025 (Oct) |
|---|---|---|---|---|---|---|---|---|
| Shares Beneficially Owned | 1,117,500 | 10,065,306 | 2,013,062 | 2,013,062 | 400,614 | 400,614 | 400,614 | 400,614 |
| Ownership % of Class | 5.4% | 36.21% | 36.14% | 36.16% | 27.4% | 16.53% | 3.03% | 1.17% |
| Shares Outstanding (Context) | 20,721,316 | 27,796,485 | 5,536,544 | 5,567,544 | 1,464,790 | 2,422,115 | 13,208,822 | 34,240,873 |
- No indication of pledged shares or hedging in the ownership tables and governance sections reviewed; the company discloses an Insider Trading Policy and Code of Ethics but does not state pledging by Liu in the excerpts retrieved .
Employment Terms
- No employment agreement for Steven Qiang Liu was found in recent 8-Ks; the October 2025 8-K employment agreement pertains to a different executive (Yizhou “Steven” Zhao), not Steven Qiang Liu .
Performance & Track Record
- Named in historical shareholder derivative litigation alongside other former and current officers/directors; these derivative actions related to prior allegations in the Barney securities class action and were addressed procedurally over time (stays, consolidation, subsequent dismissal without prejudice noted in filings) .
- No proxy disclosures attributing company TSR, revenue growth, or EBITDA growth directly to Liu were found in the excerpts retrieved.
Risk Indicators & Red Flags
- Historical shareholder derivative actions named Liu among defendants from legacy disputes; while later procedural developments reduced near-term impact, they represent governance overhang risk signals for portfolio diligence .
- Rapid dilution of ownership percentage from 36%+ (2019–2021) to ~1–3% (2025) reflects significant capital changes; alignment via share ownership has reduced as outstanding shares expanded materially .
Compensation Committee Analysis
- Not available for Steven Qiang Liu specifically in the excerpts; company governance sections and director compensation are disclosed, but no executive-specific compensation committee decisions tied to Liu were located in the retrieved passages .
Investment Implications
- Alignment: Liu historically had substantial “skin in the game,” but dilution led to a sharp drop in ownership percentage (from >36% to ~1–3%), weakening direct equity alignment; this reduces insider-driven ownership support for the stock and may lessen perceived retention via equity value .
- Transparency: Lack of disclosed cash/equity compensation structures, performance metrics, and vesting details for Liu impairs pay-for-performance analysis and increases governance uncertainty for investors .
- Governance risk: Historical derivative litigation naming Liu indicates prior controversies; while later developments reduced immediate risk, investors should monitor further governance disclosures and any future proceedings or board/executive changes .
- Trading signals: Absence of Form 4 data here limits insider selling pressure analysis; however, drastic dilution and frequent changes in outstanding shares suggest capital-structure volatility as the dominant stock driver over insider activity in recent periods .