Filing Overview
This Form 6-K, filed October 28, 2021 for the month of October 2021, reports the results of Happiness Biotech Group Limited’s annual shareholders’ meeting for the fiscal year ended March 31, 2021. The filing identifies the registrant as Happiness Biotech Group Limited; this differs from the provided company metadata identifying Paranovus Entertainment Technology Ltd.
Business Context and Reporting Period
The annual meeting was held on October 21, 2021, at the company’s principal executive offices in Fujian, China. Holders of 17,036,540 ordinary shares, representing approximately 53.31% of 31,953,025 outstanding shares, were present in person or by proxy, constituting a quorum.
Financial Metrics and Liquidity
The filing is limited to shareholder voting results and does not provide revenue, profit, cash flow, margins, debt, liquidity, balance-sheet data, or other operating and financial metrics.
Voting Results and Material Changes
| Proposal | For | Against | Abstain | Result |
|---|---|---|---|---|
| Election of Xuezhu Wang, John Levy, Wenhui Lin, Zhangshu Huang, and Lun Liu as directors | 16,411,967–16,581,584 | 378,043–491,235 | 76,913–133,338 | Approved; directors elected until the 2022 annual meeting or successors qualify |
| Ratification of Briggs & Veselka Co. as independent registered public accounting firm for fiscal 2022 | 16,805,295 | 196,615 | 34,630 | Approved |
| Alteration to the company’s share capital | 15,666,513 | 1,317,149 | 52,878 | Approved |
| Change of company name to “Happiness Development Group Limited” | 16,780,892 | 177,751 | 77,897 | Approved |
| Amended and restated memorandum and articles of association | 15,990,350 | 739,031 | 307,159 | Approved |
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, operational outlook, management discussion, risk-factor update, contingencies, or unusual financial items. The approved share-capital alteration, corporate name change, and amended constitutional documents are the principal material corporate actions disclosed.
Investor Verification Checklist
- Verify whether the company name change to Happiness Development Group Limited was completed and the effective date of the change.
- Review the details and implementation of the approved alteration to share capital.
- Obtain the amended and restated memorandum and articles of association.
- Confirm the final board composition and the scope of Briggs & Veselka Co.’s appointment for fiscal year 2022.
- Reconcile the filing’s registrant name with the provided metadata for Paranovus Entertainment Technology Ltd.