[144] Tencent Music Entertainment Group American SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Tencent Music Entertainment Group (TME) reports an insider sale following an option exercise. The filing shows 400,960 ADS (ADS structure noted: 2 Class A ordinary shares = 1 ADS) acquired by exercise on 08/18/2025 and listed for proposed sale through Futu Securities International on the NYSE with an aggregate market value of $10,358,602.66. The filer also disclosed two prior sales during June 2025 totaling 2,000,000 shares with gross proceeds of approximately $37.77 million. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider exercised options and is disposing of a sizeable block of ADS, increasing share supply to the market.

The filing documents a compensatory employee stock option exercise on 08/18/2025 that created 400,960 ADS, immediately designated for sale via a broker on the NYSE at an indicated market value of $10.36 million. Combined with two earlier June 2025 dispositions totaling 2,000,000 shares and roughly $37.77 million in proceeds, this signals material insider liquidity. For investors, these are realized insider sales rather than routine filings of restricted stock transfers; the scale is large relative to a single insider transaction and could be viewed as incremental sell-side pressure.

Corporate Governance Expert

TL;DR: The disclosure appears complete for Rule 144 mechanics but raises governance questions about timing and insider selling patterns.

The form indicates the securities were acquired by compensatory means (option exercise) and that the seller affirms no undisclosed material adverse information. Prior June sales are disclosed with addresses and gross proceeds, satisfying disclosure requirements. While compliant on its face, repeated large sales by the same person deserve attention from governance observers to assess whether they follow pre-established trading plans or reflect personal liquidity needs.

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

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 Sheung Wan K3 000000	400960	10358602.66	1548904504	08/18/2025	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)	08/18/2025	Employee Stock Option Exercise	Issuer			400960	08/18/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
PAN TSAI-CHUN 6 Floor, No. 9 Chaoyangmen North Street Beijing F4 100010	Tencent Music Entertainment Group	06/12/2025	1000000	18917633.02
PAN TSAI-CHUN 6 Floor, No. 9 Chaoyangmen North Street Beijing F4 100010	Tencent Music Entertainment Group	06/26/2025	1000000	18854000.00

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)