Company: PAVS
Filing Date: 2025-10-28
Form Type: 424B5
Source: 0001929980-25-000683
Chunk: 14

Company: Paranovus Entertainment Technology Ltd.
Filing Date: 2025-10-28
Form: 424B5
Chunk 14
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 2020, the Board of the Company declared a special cash dividend of $0.015 per ordinary shares. The dividend, equal to $375,000 in the aggregate, was fully paid on August 17, 2020. We have no plan to declare or pay any dividends in the near future on our Ordinary Shares. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business.

Our board of directors has discretion as to whether to distribute dividends, subject to certain requirements of Cayman Islands law. In addition, subject to the provisions in our articles of association, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our board of directors. Even if our board of directors decides to pay dividends, the form, frequency, and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions, and other factors that the board of directors may deem relevant.

We are a holding company incorporated in the Cayman Islands. We have not received and do not have any present plan to receive dividends paid by our subsidiaries, but we have discretion as to whether such dividends are paid, subject to applicable statutory and contractual restrictions.

<div align='center'>DILUTION</div>

If you invest in our Class A Ordinary Shares, you will experience immediate dilution to the extent of the difference between the public offering price of the Class A Ordinary Shares in this offering and the net tangible book value per Ordinary Share immediately after the offering.

Our net tangible book value per Class A Ordinary Share is determined by dividing our total tangible assets, less total liabilities, by the actual number of outstanding Class A Ordinary Shares. The net tangible book value of our Class A Ordinary Shares as of March 31,2025 was approximately $0.43 per share. Net tangible book value per share represents the amount of our total tangible assets less our total liabilities, divided by 66,724,675, the total number of Class A Ordinary Shares outstanding as of March 31, 2025.

After giving effect to the sale of our Class A Ordinary Shares during the term of the Sales Agreement with A.G.P. in the aggregate amount of $100,000,000 at an assumed offering price of $0.6 per Class A Ordinary Share, the reported sale price of our Class A Ordinary Shares on the Nasdaq Capital Market on October 23, 2025, and after deducting commissions and estimated offering expenses payable by