Name of Entity

Date of Incorporation

Place of Incorporation

Registered

Capital

% of

Ownership

Principal Activities

Hainan Paranovous Technology Co., Ltd

June 17, 2024

PRC

RMB 1,000,000

100% by Paranovous HK

Entertainment

Happiness (Shunchang) E-commerce Co., Ltd (“Happiness Shunchang”)^*

July 11, 2023

PRC

RMB 500,000

100% by Happiness Hong Kong

Investment

Fuzhou Happiness Enterprise Management Consulting Co., Ltd^*

December 15, 2020

PRC

RMB 1,000,000

100% by Happiness Shunchang

Management and consulting service

Taochejun (Fujian) automobiles Co., Ltd^*

April 27, 2021

PRC

RMB 30,000,000

61% by Happiness Shunchang

Automobile sales