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Tencent Music Entertainment Group Announces Management Change

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Tencent Music Entertainment Group (TME) announced the resignation of Mr. Lixue Shi, the Company's Group Vice President, effective December 31, 2023. Mr. Shi's contributions to the development of Kuwo Music and long-form audio business have greatly enhanced user experience. Executive Chairman Mr. Cussion Pang expressed gratitude for Mr. Shi's dedication and wished him the best in his future endeavors.
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SHENZHEN, China, Nov. 30, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that Mr. Lixue Shi has tendered his resignation as the Company's Group Vice President and in his other relevant roles for personal reasons, effective December 31, 2023.

"On behalf of the Company, we would like to express our sincere appreciation to Lixue for his contributions to our achievements throughout his tenure. His dedicated efforts in advancing the development of Kuwo Music and long-form audio business have greatly enhanced our ability to offer users an enriched user experience. We are grateful for Lixue's hard work and wish him the best in his future endeavors," said Mr. Cussion Pang, Executive Chairman of TME.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact 
Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 818415

Cision View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-announces-management-change-302002734.html

SOURCE Tencent Music Entertainment Group

FAQ

Why did Mr. Lixue Shi resign from Tencent Music Entertainment Group (TME)?

Mr. Lixue Shi resigned from TME for personal reasons, effective December 31, 2023.

Who is Mr. Cussion Pang?

Mr. Cussion Pang is the Executive Chairman of Tencent Music Entertainment Group (TME).

What is the ticker symbol for Tencent Music Entertainment Group (TME) on the NYSE and HKEX?

The ticker symbol for Tencent Music Entertainment Group (TME) is TME on the NYSE and 1698 on the HKEX.

What are Mr. Lixue Shi's relevant roles at Tencent Music Entertainment Group (TME)?

Mr. Lixue Shi served as the Company's Group Vice President and was involved in advancing the development of Kuwo Music and long-form audio business at TME.

When will Mr. Lixue Shi's resignation be effective?

Mr. Lixue Shi's resignation will be effective on December 31, 2023.

Tencent Music Entertainment Group American Depositary Shares, each representing two

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About TME

tencent music entertainment group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the people's republic of china. it offers qq music, kugou music, and kuwo music that enable users to discover and listen to music in personalized ways; and wesing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. the company also operates kugou live and kuwo live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. in addition, it sells music-related merchandise, including kugou m1 headsets, smart speakers, wesing karaoke microphones, and hi-fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. ten