Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024

Rhea-AI Summary

Tencent Music Entertainment Group (TME) announced its annual general meeting (AGM) will be held on June 28, 2024, at 10 a.m. in Hong Kong. The AGM will occur at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong. Shareholders will vote on proposed resolutions supported by the Board of Directors. Those holding the company's ordinary shares as of May 21, 2024, can attend and vote. ADS holders must provide voting instructions to The Bank of New York Mellon. Additionally, TME has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report, including audited financial statements, is available on the SEC and company websites.

Positive

• AGM scheduled on June 28, 2024, which indicates organizational transparency.
• Board of Directors fully supports the proposed resolutions, ensuring strategic alignment.
• Shareholders and ADS holders are included in the voting process, promoting investor engagement.
• Annual report for 2023 filed with the SEC, providing financial transparency.

Negative

• No new financial performance data or growth metrics were provided in the PR.
• The announcement lacks clarity on the specific resolutions to be voted on.
• The press release does not address any potential risks or challenges facing the company.

SHENZHEN, China, May 21, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong on Friday, June 28, 2024 at 10 a.m. (Beijing/Hong Kong time) for the purposes of considering and, if thought fit, passing the resolutions as set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at https://ir.tencentmusic.com on May 21, 2024. The Board of Directors of the Company fully supports the proposed resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the resolutions.

Holders of record of the Company's ordinary shares as of the close of business on Tuesday, May 21, 2024 (Beijing/Hong Kong time), are entitled to receive notice of, and to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on Tuesday, May 21, 2024 (U.S. Eastern Time) who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, or indirectly through a bank, brokerage or other securities intermediary, as the case may be.

The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's annual report on Form 20-F can be accessed on the Company's website at https://ir.tencentmusic.com and on the SEC's website at https://www.sec.gov.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please 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 U.S. 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 cases, forward-looking statements can be identified by words or phrases 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 these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 818415

View original content:https://www.prnewswire.com/news-releases/tencent-music-entertainment-group-to-hold-annual-general-meeting-on-june-28-2024-302150701.html

SOURCE Tencent Music Entertainment Group

FAQ

When is Tencent Music Entertainment Group's AGM in 2024?

The AGM is scheduled for June 28, 2024, at 10 a.m. in Hong Kong.

Where will Tencent Music Entertainment Group hold its 2024 AGM?

The AGM will take place at 10/F, The Hong Kong Club Building, 3A Chater Road, Central, Hong Kong.

Who can vote at Tencent Music Entertainment Group's 2024 AGM?

Shareholders holding ordinary shares as of May 21, 2024, and ADS holders who provide voting instructions can vote.

What document details Tencent Music's financial performance for 2023?

Tencent Music's financial performance for 2023 is detailed in the annual report on Form 20-F, available on the SEC and company websites.

How can ADS holders vote at the Tencent Music 2024 AGM?

ADS holders must give voting instructions directly to The Bank of New York Mellon or through their bank or broker.