Tencent Music Entertainment Group announces board changes

Shenzhen, China, September 14, 2022 /PRNewswire/ — Tencent Music Entertainment Group (“TME” or the “Company”) (NYSE: TME), the leading online music and audio entertainment platform in Chinaannouncement on September 15, 2022 (beijing/Hong Kong time) the resignation of Mr. Liang Tang of the Board of Directors (the “Board”) and the Compensation Committee of the Board, effective immediately. The Board also approved the appointment of Ms. Jeanette Kim Yum Chan as an independent director, and Ms. Edith Manling Ngan as a member of the remuneration committee, both with immediate effect. Ms. Ngan will continue to be an independent director and a member of our audit committee.

“On behalf of our Board of Directors, we would like to sincerely thank Mr. Tang for his outstanding eight years of service as a member of TME’s Board of Directors. Since joining the Board of Directors in 2014, Mr. Tang has always provided invaluable contributions to the strategic direction of TME and After his resignation, Mr. Tang will continue to provide strategic advice to us as an Honorary Advisor. commented Mr. Cussion Pang, Executive Chairman of TME. “In the meantime, we are delighted to welcome Jeanette as a new independent director to our board. Jeanette brings over three decades of corporate law experience focused on cross-border transactions and investments. of Jeanette’s expertise and knowledge as we continue to contribute to the sustainable development of China The music industry.”

Mr. Liang Tang said, “It has been my greatest pleasure to serve on TME’s Board of Directors, and I take immense pride in the company’s accomplishments, especially its steadfast leadership in training China The music industry. I will continue to support TME and provide strategic advice as it grows and succeeds.”

M/s. Jeanette Kim Yum Chan commented, “I am honored to have this opportunity. TME’s leadership in China online music and entertainment is incredibly impressive. I look forward to working with Cussion and the Board on the exciting next phase of TME as the company continues to drive quality growth through product and technology innovation, while creating long-term value. for the music industry as a whole. »

M/s. Jeanette Kim Yum Chan is currently Chief Legal, Compliance and Risk Officer at Airwallex. Prior to joining Airwallex in 2019, Ms. Chan was the Managing Partner of the China Practice and Head of the Asia Communications and Technology Practice at Paul, Weiss, Rifkind, Wharton & Garrison from 1986 to 2019. Ms. Chan earned her B.Sc. place. from University of British Columbia and master’s degree in law Harvard University.

About 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 under 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

THE SOURCE Tencent Musical Entertainment Group

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