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Pianno: The wholly-owned subsidiary has completed the asset transfer.
Pianno announces that its wholly-owned subsidiary, Pianno Home (Tianjin) Co., Ltd., has sold a piece of land use rights and above-ground factory buildings through a public listing transfer, with a transaction price of 95 million RMB (including VAT).
The target assets have completed all transfer procedures and are registered under the name of the transferee, Tianjin Shenghai Technology Development Co., Ltd., which has obtained the “Real Estate Ownership Certificate.”
This sale is mainly to optimize resource allocation and activate existing assets and will not have a significant impact on the company’s financial or operational situation.