Paranovus (PAVS) director Xu Minzhu details Class A and B share stakes

Rhea-AI Filing Summary

Paranovus Entertainment Technology Ltd. director Xu Minzhu filed an initial ownership report showing existing holdings in the company’s ordinary shares. The filing lists 334 Class A Ordinary Shares held directly and 3,836 Class B Ordinary Shares held indirectly through HAPPY GROUP INC.

According to the disclosure, Xu holds 100% of the economic interest in HAPPY GROUP INC and has voting and investment control over the Class B shares held by that entity. The Form 3 does not report any new purchases or sales, only Xu’s ownership position as of the reporting date.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Xu Minzhu

Role Director

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares, par value $0.000012 per share	--	--	--
holding	Class B Ordinary Shares, par value $0.000012 per share	--	--	--

Holdings After Transaction: Class A Ordinary Shares, par value $0.000012 per share — 334 shares (Direct); Class B Ordinary Shares, par value $0.000012 per share — 3,836 shares (Indirect, By HAPPY GROUP INC)

Footnotes (1)

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Key Figures

Class A shares held: 334 shares Class B shares held: 3,836 shares Unknown transaction entries: 2 entries +1 more

4 metrics

Class A shares held 334 shares Direct ownership as reported on Form 3

Class B shares held 3,836 shares Indirect ownership via HAPPY GROUP INC

Unknown transaction entries 2 entries Holding entries with unknown transaction code

Net buy/sell shares 0 shares No net buying or selling reported in this filing

Key Terms

Class A Ordinary Shares, Class B Ordinary Shares, indirect ownership, voting and investment control

4 terms

Class A Ordinary Shares financial

"Class A Ordinary Shares, par value $0.000012 per share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Class B Ordinary Shares financial

"Class B Ordinary Shares, par value $0.000012 per share"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By HAPPY GROUP INC""

voting and investment control financial

"the reporting person has voting and investment control"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Xu Minzhu

(Last) (First) (Middle)

250 PARK AVENUE

7TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Paranovus Entertainment Technology Ltd. [ PAVS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares, par value $0.000012 per share	334	D
Class B Ordinary Shares, par value $0.000012 per share	3,836	I	By HAPPY GROUP INC(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares are held by HAPPY GROUP INC, in which the reporting person directly holds 100% of the economic interest and over which the reporting person has voting and investment control.

Remarks:

	/s/ Minzhu Xu	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Form 3 filing by Xu Minzhu for Paranovus (PAVS) show?

The Form 3 shows existing ownership, not new trades. It reports that director Xu Minzhu holds 334 Class A shares directly and 3,836 Class B shares indirectly through HAPPY GROUP INC, establishing Xu’s baseline stake in Paranovus.

How many Paranovus (PAVS) Class A shares does Xu Minzhu own?

The filing reports that Xu Minzhu directly owns 334 Class A Ordinary Shares. These are held in Xu’s own name and represent part of the director’s total equity interest in Paranovus at the time of the Form 3 filing.

How are the Class B shares of Paranovus (PAVS) held for Xu Minzhu?

The Form 3 states that 3,836 Class B Ordinary Shares are held indirectly through HAPPY GROUP INC. Xu owns 100% of the economic interest in this entity and has voting and investment control over those Class B shares.

Does the Paranovus (PAVS) Form 3 indicate any recent buying or selling by Xu Minzhu?

No, the Form 3 does not show new purchases or sales. It is an initial ownership report listing Xu’s existing holdings in Class A and Class B Ordinary Shares, rather than recording recent trading activity in Paranovus stock.

What is the significance of indirect ownership through HAPPY GROUP INC for PAVS?

Indirect ownership through HAPPY GROUP INC means the shares are held by an entity, not personally. However, the filing notes Xu holds 100% economic interest and has voting and investment control, so these 3,836 Class B shares still reflect Xu’s effective stake in Paranovus.