Paranovus Entertainment Technology Ltd. (NasdaqCM:PAVS) entered into a membership purchase agreement to acquire 2lab3 LLC from Chuixin Kong for $5.2 million on March 14, 2023. The consideration includes 1,375,000 Class A ordinary shares, par value $0.01 per share, of the Buyer. Joan Wu of Hunter Taubman Fischer & Li LLC acted as legal advisor to 2lab3 LLC.

Paranovus Entertainment Technology Ltd. (NasdaqCM:PAVS) completed the acquisition of 2lab3 LLC from Chuixin Kong on March 28, 2023.