Tencent Music Entertainment Group Announces Management and Director Responsibility Changes
Shenzhen, china, January 10, 2022 / PRNewswire / – Tencent Music Entertainment Group (“TME” or the “Company”) (NYSE: TME), the leading online music and audio entertainment platform in China, announced today that Mr. Dennis Tak Yeung Hau has decided to resign from his post for personal reasons, with effect January 31, 2022. Mr. Hau has been Group Vice President of the company since 2016. Mr. Ross liang, CEO of the company, will take on Mr. Hau’s responsibilities in managing TME’s international business. In addition, Mr. Adrian Yau Kee Mak, our independent director, will replace Mrs. Edith Manling Ngan as chair of our audit committee, with immediate effect. 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 the TME management team, we thank Dennis for his exceptional service and commitment to the company. Dennis was instrumental 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 has provided a much more diverse and rich content offering for users, fostered product and technological innovations, including AI predictive algorithms to discover promising new music, and cultivated a community. dynamic social to facilitate interaction between musicians and fans. All of these have contributed to the rapid growth of QQ Music. “
“Dennis also guided WeSing to move from a karaoke app to a social entertainment platform with ‘singing’ at its core and encompassing live streaming, karaoke rooms and a variety of social features. In addition, he played a decisive role in the development of our IoT activity. and established strategic cooperation with key partners.In his most recent role at the helm of TME’s international affairs, Dennis successfully led WeSing’s expansion into overseas markets, laying a solid foundation for our future growth at through South East Asia. We greatly appreciate Dennis’ significant contributions over the years, ”added Mr. Ross liang, CEO 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 upholding high standards of corporate governance under the leadership of 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, managing the country’s very popular and innovative music applications: 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-centric live streaming and online concert services, enabling music fans to discover, listen, sing along , watch, play and socialize around music. For more information, please visit ir.tencentmusic.com.
Safe Harbor Declaration
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 fact, including statements about the opinions and expectations of the company, 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 cases, forward-looking statements may be identified by words or expressions such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intend “” plan “,” believe “,” potential “,” continue “,” is / are likely to “or other similar expressions. Further information regarding such risks, uncertainties or factors and others are included in the documents filed by the Company with the SEC.All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update such information, unless required by applicable law.
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