Tencent Music (TME) Insider Plans Sale of 500,000 ADS After Option Exercise

Rhea-AI Filing Summary

Tencent Music Entertainment Group (TME) Form 144 discloses a proposed sale of 500,000 ADS (each ADS represents 2 Class A ordinary shares) by a person who acquired the ADS through an employee stock option exercise on 08/27/2025. The sale is to be executed through Futu Securities International (Hong Kong) Ltd. on the NYSE with an aggregate market value reported as $12,605,806.82. The filing lists 1,548,904,504 shares outstanding and states there were no sales in the past three months by the reporting person. The filer certifies they are unaware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider sale following option exercise; not materially transformative for TME based on disclosed figures.

The filing documents a single, same-day acquisition and proposed sale of 500,000 ADS resulting from an employee stock option exercise. Because the filer reports no other sales in the prior three months and the transaction was acquired and dated the same day, this appears to be a planned disposition of vested compensation rather than an indication of company-level developments. The aggregate value (~$12.6M) is notable in absolute terms but should be assessed relative to TME's market capitalization for investor impact, which is not provided in this filing.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 mechanics; declaration about material information is standard legal attestation.

The form includes the standard attestation that the seller is not aware of undisclosed material adverse information and references potential 10b5-1 plan considerations. The filing shows acquisition via employee stock option exercise and immediate intent to sell, consistent with compensatory share realizations. There is no indication of unusual aggregation of sales or regulatory noncompliance in the disclosed items.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADS (2 CL.A ordinary share represents 1 ADSs )	Futu Securities International (Hong Kong) Ltd. 11/F, Bangkok Bank Building 18 Bonham Strand West Sheung Wan K3 000000	500000	12605806.82	1548904504	08/27/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADS (2 CL.A ordinary share represents 1 ADSs)	08/27/2025	Employee Stock Option Exercise	Issuer			500000	08/27/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the TME Form 144 disclose about the number of ADS to be sold?

The filing discloses a proposed sale of 500,000 ADS.

When were the ADS acquired and by what method according to the filing?

The ADS were acquired on 08/27/2025 through an employee stock option exercise.

What aggregate market value is reported for the proposed sale in the TME Form 144?

The aggregate market value reported is $12,605,806.82.

Through which broker will the TME ADS sale be executed?

The sale is to be executed through Futu Securities International (Hong Kong) Ltd.

On which exchange is the sale of TME ADS planned?

The filing lists the NYSE as the securities exchange for the planned sale.

Did the filer report any sales of issuer securities in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.