Paranovus Entertainment Technology Ltd. has entered into a significant new agreement with a promissory note purchase. The company signed a Purchase Agreement with Guangrong Ao, a non-affiliated shareholder, on May 30, 2025. The agreement involves the issuance of an 8% promissory note valued at $200,000, set to mature in 12 months. The company retains the option to pre-pay the note in part or in full before the maturity date. The funds raised from this transaction will be allocated towards the general working capital of Paranovus Entertainment Technology Ltd., facilitating further business operations and growth.
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