Paranovus Entertainment Technology Ltd. announced Mr. John Levy, an independent director of the company, the chairman of the audit committee of the board of directors of the company (the board), a member of the nominating and corporate governance committee and compensation committee of the board, notified the company of his resignation as a director for personal reasons, effective May 15, 2024. Mr. Levy?s resignation from the Board was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the company. Effective on May 15, 2024, the board of directors of the company appointed Mr. George Yijian Xu as an independent director of the Board, the chairman of the audit committee of the board of directors of the company, a member of the nominating and corporate governance committee and compensation committee of the Board to fill the vacancies created by Mr. Levy?s resignation.

Mr. Xu is a certified public accountant licensed in the State of New York. He has been practicing certified public accounting for over 30 years. He has led his accounting firm, George Xu, C.P.A., P.C., to provide financial accounting, audit and tax services to companies in a variety of industries since June 2000.

From September 1996 to June 2000, he worked as an accountant and manager at Gobstein, Weigarten & Goldfarb CPA LLP. From September 1992 to August 1996, he worked as an accountant and advisor at Arthur Andersen LLP. He obtained his master?s degree in accountancy from The State University of New York at Albany in September 1992.

He obtained his bachelor?s degree in industrial management from Shanghai University of Engineering Science in 1986 in China.