Guangzhou Pearl River Kayserburg Piano Co., Ltd. announced that it will receive CNY 160,000,000 in an equity round of funding from an existing investor, Guangzhou Pearl River Piano Group Co.,Ltd. on January 17, 2016. The investor will continue to hold 100% stake in the company. The registered capital of the company will increase from CNY 427,530,000 to CNY 587,530,000.

The transaction was approved in the 50th session of the 2nd directorate of the investor and is not subject to the approval of its shareholders.