- Paranovus Entertainment Technology Limited issued a new **unsecured 8% promissory note** with a principal amount of **$250,000** to **Ms. Minzhu Xu**, chairperson of the board, on **September 18, 2025**.  **[1751876_0001929980-25-000650_pavs_ex102.htm:0]** **[1751876_0001929980-25-000650_pavs_6k.htm:1]**  The note matures in **12 months** and the proceeds will be used for **general working capital**.  **[1751876_0001929980-25-000650_pavs_ex101.htm:0]** **[1751876_0001929980-25-000650_pavs_6k.htm:1]** 
- On the same date, the company also **amended and restated existing unsecured promissory notes** from Ms. Xu (aggregate principal amount of **$1,700,000**) and Mr. Guangrong Ao (aggregate principal amount of **$2,250,000**).  **[1751876_0001929980-25-000650_pavs_6k.htm:1]** 
- The maturity dates for these existing notes were **extended to March 31, 2026**.  **[1751876_0001929980-25-000650_pavs_ex103.htm:0]** **[1751876_0001929980-25-000650_pavs_ex104.htm:0]** **[1751876_0001929980-25-000650_pavs_6k.htm:1]**

Paranovus Entertainment Technology (PAVS)