幸福来美股招股说明书(2026-06-09版)

PROSPECTUS SUPPLEMENT Paranovus Entertainment Technology Limited Up to $194,999,999.75Class A Ordinary Shares We have entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities LLC (“AC Sunshine” or the “Sales AgenJune 4, 2026, relating to the sale of our Class A ordinary shares, par value $0.000012 per share (“Class A Ordinary Shares”), offerprospectus supplement and the accompanying prospectus. In accordance with the terms of the Sales Agreement, we may offer and sell Sales of our Class A Ordinary Shares, if any, under this prospectus supplement may be made in sales deemed to be “at the market offdefined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”). AC Sunshine is not required tspecific number or dollar amount of securities, but will act as a sales agent using commercially reasonable efforts consistent with i AC Sunshine will be entitled to compensation at a commission rate of 3.5% of the gross sales price per share sold pursuant to the terSales Agreement. See “Plan of Distribution” beginning on page S-9 for additional information regarding the compensation to be pSunshine in connection with the sale of the Class A Ordinary Shares on our behalf, AC Sunshine will be deemed to be an “underwrit The Class A Ordinary Shares are listed on the Nasdaq Capital Market under the symbol “PAVS.” On June 4, 2026, the last reported sathe Class A Ordinary Shares on the Nasdaq Capital Market was $1.04per share. The aggregate market value of our outstanding voting and non-voting common equities held by non-affiliates was approximately $75based on 66,334,675 Class A Ordinary Shares held by non-affiliates and a price per share of $1.14, the closing price of our Class A Investing in the Class A Ordinary Shares involves risk. See “Risk Factors” beginning on page S-3 of this prospectus supplemethe documents incorporated by reference into this prospectus supplement and the accompanying prospectus for a disc Neither the U.S. Securities and Exchange Commission nor any state or other foreign securities commission has appdisapproved of these securities or determined if this prospectus supplement is truthful or complete. Any representation to theis a criminal offense. AC Sunshine Securities LLC The date of this prospectus supplement is June 4, 2026 ABOUT THIS PROSPECTUS SUPPLEMENT This prospectus supplement and accompanying prospectus relates to part of a registration statement on Form F-3 that wewith the Securities and Exchange Commission (the “SEC”) utilizing a “shelf” registration process. Under this shelf registration processell the securities described in our base prospectus included in the shelf registration statement in one or more offerings up to a totaloffering price of $200,000,000. As of June 4, 2026, we have sold $5,000,000.25 of Class A Ordinary Shares under the shelf re This document contains two parts. The first part is this prospectus supplement, which describes the terms of this offering of thOrdinary Shares, and also adds, updates and changes information contained in the accompanying prospectus and the documents incherein and therein by reference. This prospectus supplement relates only to an offering of up to $194,999,999.75 of our Class A Ordinathrough AC Sunshine Securities LLC. These sales, if any, will be made pursuant to the terms of the Sales Agreement, entered into band AC Sunshine Securities LLC on June 4, 2026, a copy of which will be incorporated by reference into this prospectus supplemsecond part is the accompanying prospectus, which gives more general information about us, some of which may not apply to this offeshould read both this prospectus supplement and the accompanying prospectus, including the information incorporated by reference htherein. To the extent the information contained in this prospectus supplement differs or varies from the information containaccompanying prospectus or any document filed prior to the date of this prospectus supplement and incorporated herein or therein bythe information in this prospectus supplement will control; provided, that if any statement in one of these documents is inconsistestatement in another document having a later date, the statement in the document having the later date modifies or supersedes tstatement. In addition, this prospectus supplement and the accompanying prospectus do not contain all of the information providregistration statement that we filed with the Securities and Exchange Commission (the “SEC”) that contains the accompanying p(including the exhibits to the registration statement). For further information about us, you should refer to that registration statement, wcan obtain from the SEC as described elsewhere in this prospectus supplement under “Where You Can Find More Informa“Incorporation of Certain Information by Reference.” You may obtain a copy of this prospectus supplement, the accompanying prospany of the documents incorporated by reference withou