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  4. [Form 3] Tencent Music Entertainment Group Initial Statement of Beneficial Ownership

Tencent Music VP reports initial ADS holdings

Tencent Music Entertainment Group executive Pan Tsai-Chun has filed an initial ownership report showing significant equity exposure through American Depositary Shares (ADSs) and stock options.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Tencent Music Entertainment Group executive Pan Tsai-Chun has filed an initial ownership report showing significant equity exposure through American Depositary Shares (ADSs) and stock options. He holds 4,081,386 ADSs directly, each representing two Class A ordinary shares.

Pan also holds vested stock options exercisable for 155,320 ADSs at an exercise price of 3.8600 per ADS, expiring on March 15, 2032, and options for 49,151 ADSs at 10.5100 per ADS, expiring on March 15, 2034. Footnotes state the performance criteria for these option grants, made in March 2022 and March 2024, have been met and the options are fully vested.

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Insider PAN TSAI-CHUN
Role Group Vice President
Type Security Shares Price Value
holding Stock Option (Right to Buy) -- -- --
holding Stock Option (Right to Buy) -- -- --
holding American Depositary Shares -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 204,471 contracts (Direct); American Depositary Shares — 4,081,386 shares (Direct)
Footnotes (4)
  1. F1. Each American Depositary Share ("ADS") represents two (2) Class A Ordinary Shares, with a par value of US$0.000083 per share, of Tencent Music Entertainment Group (the "Issuer").
  2. F2. Each Stock Option is exercisable for one ADS, which represents two Class A Ordinary Shares.
  3. F3. The Stock Option was granted in March 2022 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 155,320 ADSs were met, and such options are fully vested.
  4. F4. The Stock Option was granted in March 2024 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 49,151 ADSs were met, and such options are fully vested.

FAQ

What does Pan Tsai-Chun’s Form 3 filing show for Tencent Music Entertainment Group (TCMEF)?
The Form 3 shows Group Vice President Pan Tsai-Chun’s initial ownership in Tencent Music. He reports direct holdings of 4,081,386 American Depositary Shares (ADSs) plus vested stock options over additional ADSs, all reflecting his existing equity position rather than new market transactions.

How many Tencent Music ADSs does Pan Tsai-Chun directly hold according to this filing?
Pan Tsai-Chun directly holds 4,081,386 American Depositary Shares. Each ADS represents two Class A ordinary shares of Tencent Music Entertainment Group, giving him substantial direct exposure to the company’s equity through this large ADS position as reported in the Form 3.

What stock options over Tencent Music ADSs are reported for Pan Tsai-Chun?
He holds stock options exercisable for 155,320 ADSs at an exercise price of $3.8600 per ADS and 49,151 ADSs at $10.5100 per ADS. These options give additional potential equity exposure if exercised in the future, subject to their expiration dates.

When do Pan Tsai-Chun’s Tencent Music stock options expire?
One option grant over 155,320 ADSs expires on March 15, 2032, while another grant over 49,151 ADSs expires on March 15, 2034. These long-dated options provide multi-year potential for Pan to increase his ADS holdings through future exercises.

Are the Tencent Music stock options held by Pan Tsai-Chun vested?
Yes. Footnotes explain the options were granted in March 2022 and March 2024, subject to performance criteria. The performance criteria for options covering 155,320 ADSs and 49,151 ADSs have been met, and these options are now fully vested and exercisable for ADSs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
PAN TSAI-CHUN
(Last)(First)(Middle)
U 3, BLDG D, KEXING SCI PK KEJIZHONGSAN
AVE, HI-TECH PK NANSHAN DIST
(Street)
SHENZHEN518057
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026		3. Issuer Name and Ticker or Trading Symbol
Tencent Music Entertainment Group [ TME ]
3a. Foreign Trading Symbol
[1698.HK] 		5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Group Vice President
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares(1)4,081,386D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)(2) (3)03/15/2032American Depositary Shares155,320$3.86D
Stock Option (Right to Buy)(2) (4)03/15/2034American Depositary Shares49,151$10.51D
Explanation of Responses:
1. Each American Depositary Share ("ADS") represents two (2) Class A Ordinary Shares, with a par value of US$0.000083 per share, of Tencent Music Entertainment Group (the "Issuer").
2. Each Stock Option is exercisable for one ADS, which represents two Class A Ordinary Shares.
3. The Stock Option was granted in March 2022 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 155,320 ADSs were met, and such options are fully vested.
4. The Stock Option was granted in March 2024 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 49,151 ADSs were met, and such options are fully vested.
/s/ Pan Tsai-Chun03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR