Tencent Music Entertainment Group Releases 2024 ESG Report

Rhea-AI Summary

Tencent Music Entertainment Group (NYSE: TME, HKEX: 1698), China's leading online music and audio entertainment platform, has published its 2024 Environmental, Social and Governance (ESG) Report. The report showcases the company's yearly achievements and progress in implementing its sustainability strategy.

Executive Chairman Cussion Pang emphasized TME's commitment to their mission of creating endless possibilities through music and technology, highlighting their focus on advancing the online music industry while maintaining sustainable growth. The company pledges to continue developing initiatives that generate positive societal impact and value.

SHENZHEN, China, April 23, 2025 /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 released its 2024 Environmental, Social and Governance ("ESG") report, outlining the achievements and progress it made throughout the year in executing a sustainability strategy.

Mr. Cussion Pang, Executive Chairman of TME, commented, "As we remained true to our mission to 'create endless possibilities with music and technology,' we have been driving the advancement of online music industry through technology while prioritizing sustainable growth. We will continue to innovate and deploy initiatives that create positive changes and value for the society."

To access the Company's 2024 ESG Report, please visit: https://ir.tencentmusic.com/ESG-Reports.

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

 

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SOURCE Tencent Music Entertainment Group

FAQ

What are the key highlights of Tencent Music's 2024 ESG Report?

The 2024 ESG Report outlines TME's achievements in sustainability strategy, focusing on advancing the online music industry through technology while maintaining sustainable growth and creating positive societal value.

Where can investors access TME's 2024 ESG Report?

TME's 2024 ESG Report is available on the company's investor relations website at https://ir.tencentmusic.com/ESG-Reports.

What is TME's sustainability mission according to the 2024 ESG Report?

TME's mission is to 'create endless possibilities with music and technology' while driving industry advancement and prioritizing sustainable growth.

How is Tencent Music (TME) addressing environmental and social responsibility?

TME is implementing sustainability initiatives and focusing on creating positive societal changes through technology innovation in the online music industry.