Paranovus Entertainment Technology Limited Announces 1-For-12 Reverse Share Split

NEW YORK, NY / ACCESS Newswire / March 27, 2026 / 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.