Pearl River Piano implemented (A Shares) cash dividend of CNY 0.7000000 per 10 shares, 10% withholding tax will be deducted. Net cash dividend after tax will be CNY 0.6300000 per 10 shares. The record date of dividend will be June 20, 2017, ex-date June 21, 2017 and payment date is June 21, 2017.