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Kuke Music Announces Change of Independent Director

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Kuke Music Holding Limited (NYSE: KUKE), a top classical music service platform in China, announced the appointment of Mr. Jia Li as an independent director, effective September 20, 2022. He replaces Mr. Dong Lan, who resigned for personal reasons. Mr. Li brings extensive experience in media and communications, previously serving in various roles including Chief Strategy Officer at Chuanglian Holdings. Kuke partners with Naxos and serves over 800 institutions in China, providing licensing services and music learning through innovative AI technology.

Positive
  • Appointment of Jia Li as independent director, enhancing board expertise.
  • Kuke's partnership with Naxos supports a vast classical music content library.
Negative
  • Dong Lan's resignation could indicate potential instability within the board.

BEIJING, Sept. 20, 2022 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Group") (NYSE: KUKE), a leading classical music service platform in China, announced the replacement of an independent director, effective as of September 20, 2022.

The Company has appointed Mr. Jia Li as an independent director to the Company's board of directors (the "Board"). Mr. Li will replace Mr. Dong Lan, who resigned from the Board for personal reasons, to serve as a member of the audit committee, corporate governance and nominating committee and compensation committee of the Board.

Mr. Li is an expert of media and communications in China. He has been serving as the Chief Strategy Officer and executive director of Chuanglian Holdings Limited (2371.HK) since 2013, after he joined the company as the head of marketing and operation in 2011. From 2009 to 2010, Mr. Li served as Deputy General Manager at Beijing CRI Glory Advertising Co., Ltd. From 2004 to 2009, Mr. Li held various managerial positions at multiple advertisement companies in Beijing. Mr. Li holds a bachelor's degree from Capital Medical University and master's degree from Nagasaki University.   

About Kuke Music Holding Limited

Kuke is a leading classical music service platform in China encompassing the entire value chain from content provision to music learning services. By collaborating with its strategic global business partner Naxos, the largest independent classical music content provider in the world, the foundation of Kuke's extensive classical music content library is its unparalleled access to more than 900 top-tier labels and record companies. Leveraging its market leadership in international copyrighted classical music content, Kuke provides highly scalable classical music licensing services to various online music platforms, and classical music subscription services to over 800 universities, libraries and other institutions across China. In addition, it has hosted Beijing Music Festival ("BMF"), the most renowned music festival in China, for 24 consecutive years. Through KUKEY, the Company's proprietary AI music learning system, Kuke aims to democratize music learning via technological innovation, bring fascinating music content and professional music techniques to more students, and continuously improve the efficiency and penetration of music learning in China.

For more information about Kuke, please visit https://ir.kuke.com/ 

Cision View original content:https://www.prnewswire.com/news-releases/kuke-music-announces-change-of-independent-director-301628432.html

SOURCE Kuke Music Holding Limited

FAQ

What recent changes occurred in Kuke Music's board of directors?

Kuke Music appointed Mr. Jia Li as an independent director, replacing Mr. Dong Lan effective September 20, 2022.

Who is the new independent director for Kuke Music?

Mr. Jia Li is the newly appointed independent director for Kuke Music.

What qualifications does Jia Li have for his role at Kuke Music?

Jia Li has extensive experience in media and communications, previously serving as Chief Strategy Officer at Chuanglian Holdings.

How does Kuke Music support classical music in China?

Kuke provides music licensing services and education through a partnership with Naxos and its AI music learning system.

What impact does Dong Lan's resignation have on Kuke Music?

Dong Lan's resignation may raise concerns about board stability and governance.

Kuke Music Holding Limited American Depositary Shares, each representing one Ordinary Share

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