0001929980-24-000322.txt : 20240801 0001929980-24-000322.hdr.sgml : 20240801 20240731175037 ACCESSION NUMBER: 0001929980-24-000322 CONFORMED SUBMISSION TYPE: NT 20-F PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240801 DATE AS OF CHANGE: 20240731 EFFECTIVENESS DATE: 20240801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Paranovus Entertainment Technology Ltd. CENTRAL INDEX KEY: 0001751876 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NT 20-F SEC ACT: 1934 Act SEC FILE NUMBER: 001-39098 FILM NUMBER: 241163270 BUSINESS ADDRESS: STREET 1: NO. 11, DONGJIAO EAST ROAD, SHUANGXI STREET 2: SHUNCHANG CITY: NANPING STATE: F4 ZIP: 353001 BUSINESS PHONE: 516-951-9074 MAIL ADDRESS: STREET 1: 250 PARK AVENUE, 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10177 FORMER COMPANY: FORMER CONFORMED NAME: Happiness Development Group Ltd DATE OF NAME CHANGE: 20211112 FORMER COMPANY: FORMER CONFORMED NAME: Happiness Biotech Group Ltd DATE OF NAME CHANGE: 20180831 NT 20-F 1 pavs_nt20f.htm NT 20-F pavs_nt20f.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

(Check One):

☐    Form 10-K      ☒    Form 20-F      ☐    Form 11-K      ☐    Form 10-Q      ☐    Form 10-D      ☐    Form N-CEN      ☐    Form N-CSR

 

For Period Ended: March 31, 2024                      

☐

Transition Report on Form 10-K

☐

Transition Report on Form 20-F

☐

Transition Report on Form 11-K

☐

Transition Report on Form 10-Q

 

 

For the Transition Period Ended: ___________

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I — REGISTRANT INFORMATION

 

Paranovus Entertainment Technology Limited

Full Name of Registrant

 

Happiness Development Group Limited 

Former Name if Applicable

 

250 Park Avenue, 7th Floor

Address of Principal Executive Office (Street and Number)

 

New York, NY 10177

City, State and Zip Code

 

 

 

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

 

 

 

(a)

The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

 

 

 

☒

 

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed date; and

 

 

 

 

 

 

(c)

The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

The compilation, dissemination, and review of the information required to be presented in the Form 20-F for the fiscal year ended March 31, 2024 has imposed time constraints that have rendered timely filing of the Form 20-F impracticable without undue hardship and expense to the Registrant. As a result, the Registrant is still in the process of compiling required information to complete the Form 20-F. The Registrant anticipates that it will file the Form 20-F no later than the fifteenth calendar day following the prescribed due date.

 

PART IV — OTHER INFORMATION

 

(1)

Name and telephone number of person to contact in regard to this notification

 

Xiaoyue Zhang

 

+1 516-951-9074

(Name)

 

(Area Code) (Telephone Number)

 

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

 

☒ Yes     ☐ No

 

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

☒ Yes     ☐ No

 

It is expected that for the fiscal year ended March 31, 2024, the Company will report a net loss of approximately $9.9 million compared to a net loss of approximately $72.2 million for the fiscal year ended March 31, 2023.

 

 

2

 

 

Paranovus Entertainment Technology Limited

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 31, 2024

 

 

 

 

By:

/s/ Xiaoyue Zhang

 

 

Name:

Xiaoyue Zhang

 

 

Title:

Chief Executive Officer

 

 

 

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