The free event, organised by the Borders Chinese Cultural Association, is being staged in the town's new-look Market Square on Sunday, February 3, from 12noon. It will mark the start of the Year of the Water Snake.
The lion dance will be performed by the renowned Glasgow Hong Lok Troupe and showcase traditional Chinese acrobatics and music.
And to help promote the event, as in previous years, a schools' poster competition is being held with the winning entries set to go on display on the walls of the Beijing Beijing restaurant in Galashiels which also sponsors the festival.
Organiser Stephen Kwan said: "The lion dance is very dramatic and lasts for 10 to 15 minutes. It is a traditional way to start the two week long New Year celebrations and is very vibrant. People from the Borders have totally embraced the event. It's a great day out and helps children learn about different cultures."