Paranovus Entertainment Technology Ltd.

The Securities Purchase Agreement enables Paranovus Entertainment Technology Ltd. to raise gross proceeds of up to $64,000 through the private placement of 20,000 Class B ordinary shares to a non-US investor, exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S. This transaction increases the outstanding Class B shares from 3,846, representing a notable expansion of the narrow authorized pool of 4,166,666 Class B shares. The company provides extensive representations and warranties covering organization, capitalization, no material adverse effect since September 30, 2025, SEC filings, and asset titles, underscoring the deal's reliance on the company's disclosed financial health and compliance. Closing will occur at the law offices of Hunter Taubman Fischer & Li LLC once conditions are met, with share statements delivered to the purchaser and payment via wire or check. For investors, this signals potential capital inflow for undisclosed uses, though the small scale limits immediate dilution impact given the broader Class A share base.