Paranovus Entertainment Technology Limited (NASDAQ:PAVS)("we" or the "Company"), today announced that it will effect a reverse share split of its outstanding Class A ordinary shares, par value $0.000001 per share (the "Class A Ordinary Shares"), at a ratio of 1-for-12.

Our Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market ("Nasdaq") on March 31, 2026. Following the reverse share split, the Class A Ordinary Shares will have a new par value of $0.000012 per share and will continue to trade on Nasdaq under the symbol "PAVS" with the new CUSIP number, G4289N130.

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