Paranovus Entertainment Technology

NASDAQ

2004

11

250 Park Avenue,7th Floor,New York,New York,United States

10177

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Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Its e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China. It also run online stores which carries products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in China. Its mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Besides, its automobile sales adopts B2B business model and is committed to optimizing the automobile supply chain by outputting standardized vehicle sources on automobile online sales platform and providing safe trading environment and automobile procurement and financial services for automobile manufacturers.