Helen Piano plans to exempt directors and senior executives from restrictions on indirect shareholding commitments.

On September 1, 2025, Helen Piano announced its intention to exempt directors Chen Hailun, Chen Zhaofeng, and Jin Haifen from the voluntary lock-up commitments on the company's shares held indirectly. Prior to this, the controlling shareholder of the company signed a share transfer agreement with Global Top Zhuodai, which will result in a change of control, and the transfer involves three individuals holding shares indirectly, subject to their voluntary lock-up commitments. The exemption of commitments has been approved by the board of directors, the supervisory board, and a special meeting of independent directors, and still needs to be reviewed by the shareholders' meeting. The related commitments include the lock-up commitments for the initial public offering and the additional lock-up commitments in 2015, and some restrictions are still being fulfilled. The exemption is beneficial for advancing the transfer, does not affect the company's operations, and does not harm the rights of small and medium-sized shareholders.