Tencent Music Entertainment Group Releases Inaugural ESG Report

Rhea-AI Summary

Tencent Music Entertainment Group (TME), China's leading online music and audio entertainment platform, has released its inaugural Environmental, Social and Governance (ESG) report. The report showcases TME's commitment to sustainable practices and long-term value creation, detailing initiatives and performance in key areas such as:

• Responsible platform management
• Employee care
• Social responsibility

Cussion Pang, TME's Executive Chairman, emphasized the company's dedication to developing and implementing a sustainability strategy, stating their commitment to continuously shaping a sustainable future. The full ESG report is accessible on the company's investor relations website.

SHENZHEN, China, Sept. 27, 2024 /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 inaugural Environmental, Social and Governance ("ESG") report. This report highlights the Company's commitment to sustainable practices and long-term value creation, and details the initiatives and performance in key areas such as responsible platform, employee care, and social responsibility. 

Mr. Cussion Pang, Executive Chairman of TME, commented, "Our inaugural ESG report showcases the steps we are taking to develop and implement a sustainability strategy. Building upon this foundation, we are committed to continuously shaping a sustainable future."

To access the Company's inaugural 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

When did Tencent Music Entertainment Group (TME) release its first ESG report?

Tencent Music Entertainment Group (TME) released its inaugural ESG report on September 27, 2024.

What key areas does TME's ESG report focus on?

TME's ESG report focuses on key areas such as responsible platform management, employee care, and social responsibility.

Who commented on TME's inaugural ESG report?

Cussion Pang, Executive Chairman of TME, commented on the company's inaugural ESG report.

Where can investors access TME's ESG report?

Investors can access TME's ESG report on the company's investor relations website at https://ir.tencentmusic.com/ESG-Reports.

What is TME's stock symbol on the New York Stock Exchange?

TME's stock symbol on the New York Stock Exchange is NYSE: TME.