Tencent Music Entertainment Group Announces Changes in Leadership and Director Responsibility, Business News

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Shenzhen, ChinaJan. 11, 2022 /PRNewswire/ — Tencent Music Entertainment Group (“TME” or the “Company”) (NYSE:TME), the leading online music and audio entertainment platform in Chinaannounced today that Mr. Dennis Tak Yeung Hau has decided to resign from his position for personal reasons, with effect January 31, 2022. Mr. Hau has served as Group Vice Chairman of the company since 2016. Mr. Ross Liangthe company’s Chairman and Chief Executive Officer, will assume Mr. Hau’s responsibilities in managing TME’s international business. Additionally, Mr. Adrian Yau Kee Mak, our independent director, will replace Ms. Edith Manling Ngan as chair of our audit committee, effective immediately. Ms. Ngan will continue to be an independent director and a member of our audit committee.

Mr. Cussion Kar Shun Pang, Executive Chairman of TME, said, “On behalf of our Board of Directors and TME’s management team, we thank Dennis for his outstanding service and commitment to the company. Dennis played a crucial role in the development of QQ Music and WeSing, helping TME become the leading online music and audio entertainment platform in China. Under his leadership, QQ Music provided a much more diverse and rich content offering for users, encouraged product and technological innovations, including AI predictive algorithms to discover promising new music, and cultivated a community social dynamic to facilitate interaction between musicians and fans. All of this has contributed to the rapid growth of QQ Music.”

“Dennis also guided WeSing to evolve from a karaoke app to a social entertainment platform with ‘singing’ at its heart and encompassing live streaming, karaoke rooms and a variety of social features. . Furthermore, he has been instrumental in the development of our IoT business. and established strategic cooperation with key partners. In his most recent role leading TME’s international business, Dennis successfully led WeSing’s expansion into overseas markets, laying a solid foundation for our future growth through South East Asia. We greatly appreciate Dennis’ significant contributions over the years,” added Mr. Ross LiangCEO of TME.

The Board also wishes to express its sincere gratitude to Ms. Edith Manling Ngan for her leadership and invaluable contributions during her tenure as Chair of the Audit Committee. TME will remain committed to maintaining high standards of corporate governance under Mr. Adrian Yau Kee Mak as the new chairman of the audit committee.

On Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music and audio entertainment platform in China, leveraging the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to use technology to elevate the role of music in people’s lives by enabling them to create, enjoy, share and interact with music. TME’s platform includes online music, online audio, online karaoke, music-focused live streaming and online concert services, allowing music fans to discover, listen, sing, watch, play and socialize around music. For more information, visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States 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 instances, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intends”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. Further information regarding such risks, uncertainties or factors and d “others are included in the Company’s filings with the SEC. All information provided in this press release speaks as of the date of this press release, and the Company undertakes no obligation to update such information. , except as required by applicable law.

Investor Relations
Tencent Musical Entertainment Group
[email protected]
+86 (755) 8601-3388 ext. 818415

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