Paranovus Entertainment Technology Ltd.

Paranovus Entertainment Technology Ltd. sells products through offline and e-commerce channels in North America. It operates through the Bomie and Wookoo segments, offering training, consulting, brand design, advertising and content production, livestreaming operations, and TikTok-based enablement services. The company also provides footwear, including branded sneakers, and other consumer products via e-commerce platforms, physical retail outlets, and other distribution channels, serving independent wholesalers, distributors, and resellers. Formerly Happiness Development Group Limited, it changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Founded in 2004, it is based in New York, New York.

PAVS

Paranovus Entertainment Technology Announces 1-For-100 Reverse Share Split

Paranovus Entertainment Technology Limited will effect a 1-for-100 reverse share split of its Class A ordinary shares. The shares will begin trading on a split-adjusted basis on Nasdaq under the symbol PAVS on June 29, 2026, with a new par value of $0.0012 per share. The reverse split will reduce the number of issued and outstanding Class A ordinary shares from 85,685,063 to approximately 856,851, subject to adjustments for fractional shares, which will be rounded up to the nearest whole share. The company's board approved the reverse split on May 14, 2026, and VStock Transfer LLC is acting as the exchange agent. Shareholders holding shares in book-entry form or brokerage accounts do not need to take any action.

PAVS

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