KUKE Music Announces Resignation of President
Kuke Music Holding (NYSE: KUKE), a leading classical music service platform in China, announced the resignation of Ms. Li Sun from her position as President, effective July 23, 2024. The company clarified that her departure was not due to any disagreements regarding operations, accounting policies, or practices. Following Ms. Sun's resignation, Mr. He Yu, the company's CEO and Chairman of the board of directors, will continue to lead the organization.
Kuke Music Holding (NYSE: KUKE), una leader nel servizio di musica classica in Cina, ha annunciato le dimissioni della signora Li Sun dalla sua posizione di Presidente, con effetto dal 23 luglio 2024. La società ha precisato che la sua partenza non è imputabile a disaccordi riguardanti le operazioni, le politiche contabili o le pratiche. Dopo le dimissioni della signora Sun, il signor He Yu, CEO e Presidente del consiglio di amministrazione dell'azienda, continuerà a guidare l'organizzazione.
Kuke Music Holding (NYSE: KUKE), una plataforma líder en servicios de música clásica en China, anunció la renuncia de la Sra. Li Sun de su cargo como Presidenta, efectiva desde el 23 de julio de 2024. La compañía aclaró que su salida no se debió a desacuerdos sobre operaciones, políticas contables ni prácticas. Tras la renuncia de la Sra. Sun, el Sr. He Yu, CEO y presidente del consejo de administración de la empresa, continuará liderando la organización.
Kuke Music Holding (NYSE: KUKE)는 중국에서 선도적인 클래식 음악 서비스 플랫폼으로, 2024년 7월 23일부로 Li Sun 씨가 사장직에서 사임한다고 발표했습니다. 회사는 그녀의 퇴사가 운영, 회계 정책 또는 관행에 대한 이견 때문이 아님을 확인했습니다. Sun 씨의 사임 후, He Yu 씨, 회사의 CEO이자 이사회 의장이 조직을 계속 이끌게 됩니다.
Kuke Music Holding (NYSE: KUKE), une plateforme de services de musique classique leader en Chine, a annoncé la démission de Mme Li Sun de son poste de Présidente, prenant effet le 23 juillet 2024. L'entreprise a précisé que son départ n'était pas dû à des désaccords concernant les opérations, les politiques comptables ou les pratiques. Suite à la démission de Mme Sun, M. He Yu, le PDG et Président du conseil d'administration de l'entreprise, continuera à diriger l'organisation.
Kuke Music Holding (NYSE: KUKE), eine führende Plattform für klassische Musikdienste in China, gab die Rücktritt von Frau Li Sun von ihrer Position als Präsidentin zum 23. Juli 2024 bekannt. Das Unternehmen stellte klar, dass ihr Rücktritt nicht auf Meinungsverschiedenheiten bezüglich der Abläufe, Rechnungslegungspolitik oder Praktiken zurückzuführen war. Nach Frau Suns Rücktritt wird Herr He Yu, der CEO und Vorsitzende des Vorstands des Unternehmens, die Organisation weiterhin leiten.
- None.
- Departure of key executive (President) could create leadership gap
- Loss of experienced management talent might impact operational continuity
Beijing, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced that Ms. Li Sun has resigned from her position as President of the Company with effect from July 23, 2024. Ms. Sun’s resignation was not a result of any disagreement between Ms. Sun and the Company on any matter relating to the Company’s operations, accounting policies, or practices.
The Company expresses its sincere gratitude to Ms. Sun for her valuable contribution to the Company during her tenure.
Following Ms. Sun’s departure, Mr. He Yu, Kuke’s Chief Executive Officer and Chairman of its board of directors, will continue to lead the Company.
About Kuke Music Holding Limited (NYSE: KUKE)
Kuke is a leading classical music service platform in China encompassing the entire value chain from content provision to music learning services, with approximately 3 million audio and video music tracks. 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 smart music learning solutions, 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/.
Forward-looking Statements
This announcement contains forward looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Kuke’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including those in Kuke’s registration statement filed with the Securities and Exchange Commission. Further information regarding these and other risks is included in Kuke’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Kuke undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Kuke Music Holding Limited
Investor Relations
Email: ir@kuke.com
FAQ
When did Li Sun resign as President of KUKE Music?
Who will lead KUKE Music after Li Sun's resignation?
Was there any disagreement between Li Sun and KUKE Music leading to her resignation?
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