Piano's application for share issuance to specific investors accepted by Shenzhen Stock Exchange

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Piano announced that its application to issue shares to specific investors has been accepted by the Shenzhen Stock Exchange. The exchange reviewed the application documents submitted by the company, found them complete, and decided to accept the application. The matter still needs to pass review by the Shenzhen Stock Exchange and obtain registration approval from the China Securities Regulatory Commission before it can be implemented. Whether it will ultimately pass review and receive approval remains uncertain.

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