Company: PAVS
Filing Date: 2025-08-04
Form Type: 20-F
Source: 0001929980-25-000590
Chunk: 117

Company: Paranovus Entertainment Technology Ltd.
Filing Date: 2025-08-04
Form: 20-F
Item: Item 6
Chunk 117
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  Minzhu Xu (Chairperson)                          -            -        
  David Sean Lu (Director)                         25,000       25,000   
  Alex Lightman (Director)                         12,500       12,500   
 ─────────────────────────────────────────────────────────────────────────
  Yijian Xu (Director)                             50,000       50,000   
  John Levy (Former Director) (1)                  -            -        
  Xuezhu Wang (Former CEO and Chairman) (2)        -            -        
  Sophie Ye Tao (Former CFO and Director) (3)      -            -        

  (1)      John Levy resigned as a director of the Company on May 15, 2024.                                                                 
  (2)      Xuezhu Wang resigned as the Chief Executive Officer of the Company, the chairman and a director of the board on April 29, 2024.  
  (3)      Sephie Ye Tao resigned as the Chief Financial Officer and a director on April 29, 2024.                                          

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  Table of Contents  

Grants of Plan Based Awards

From April 1, 2021 through the date of this annual report, we have issued a total of 1,478,103 Class A Ordinary Shares to employees, directors and consultants.

Pension Benefits

None of the named executives currently participates in or has account balances in qualified or nonqualified defined benefit plans sponsored by us.

Nonqualified Deferred Compensation

None of the named executives currently participates in or has account balances in nonqualified defined contribution plans or other deferred compensation plans maintained by us.

Other than as disclosed above, we have not entered into any agreements or arrangements with our executive officers or directors, and have not made any agreements to provide benefits upon termination of employment.

C. Board Practices

Committees of the Board of Directors

We have established an audit committee, a compensation committee and a nominating and governance committee. As of the date of this annual report, each of the committees of the Board has the composition and responsibilities described below.

Audit Committee

David Sean Lu, Alex Lightman and George Yijian Xu are members of our Audit Committee, where George Yijian Xu, serves as the chairman. All members of our Audit Committee satisfy the independence standards promulgated by the SEC and by NASDAQ as such standards apply specifically to members of audit committees.

We have adopted and approved a charter for the Audit Committee prior to consumm