Company: PAVS
Filing Date: 2025-08-04
Form Type: 20-F
Source: 0001929980-25-000590
Chunk: 118

Company: Paranovus Entertainment Technology Ltd.
Filing Date: 2025-08-04
Form: 20-F
Item: Item 6
Chunk 118
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ation of our initial public offering. In accordance with our Audit Committee Charter, our Audit Committee performs several functions, including:

  evaluates the independence and performance of, and assesses the qualifications of, our independent auditor, and engages such independent auditor;  

  approves the plan and fees for the annual audit, quarterly reviews, tax and other audit-related services, and approves in advance any non-audit service to be provided by the independent auditor;  
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  monitors the independence of the independent auditor and the rotation of partners of the independent auditor on our engagement team as required by law;  

  reviews the financial statements to be included in our Annual Report on Form 20-F and Quarterly Reports on Form 6-K and reviews with management and the independent auditors the results of the a...  
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  oversees all aspects our systems of internal accounting control and corporate governance functions on behalf of the board;  

  reviews and approves in advance any proposed related-party transactions and report to the full Board on any approved transactions; and  

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  provides oversight assistance in connection with legal, ethical and risk management compliance programs established by management and the Board, including Sarbanes-Oxley Act implementation, and...  

It is determined that George Yijian Xu, possesses accounting or related financial management experience that qualifies him as an “audit committee financial expert” as defined by the rules and regulations of the SEC.

Compensation Committee

We have established the Compensation Committee in October 2019. David Sean Lu, Alex Lightman, and George Yijian Xu are members of our Compensation Committee and David Sean Lu is the chairman. All members of our Compensation Committee are qualified as independent under the current definition promulgated by NASDAQ. We have adopted a charter for the Compensation Committee prior to consummation of this offering. In accordance with the Compensation Committee’s Charter, the Compensation Committee is responsible for overseeing and making recommendations to the Board regarding the salaries and other compensation of our executive officers and general employees and providing assistance and recommendations with respect to our compensation policies and practices.

Nominating and Governance Committee

David Sean Lu, Geroge Yijian Xu and Alex Lightman are the members of our Nominating and Governance Committee where Alex Lightman