SHENZHEN, China, July 17,
2023 /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 Mr. Cheuk Tung Tony Yip has tendered his resignation
as the Company's Chief Strategy Officer and in his other relevant
roles for personal reasons, effective August
31, 2023.
"On behalf of the Company, we would like to express our deep
gratitude to Tony for his invaluable contributions to TME's
achievements over the past five years. Since joining in 2018, Tony
has led our two successful public listings on the New York Stock
Exchange in 2018 and on the Hong Kong Stock Exchange in 2022.
Tony's professional expertise was instrumental to TME's development
by continuously refining our strategic focus, providing deep
insights into the global online music and entertainment industry,
supporting business development, capital markets and investment
strategies, and establishing confidence in our Company among the
investor community." said Mr. Cussion Pang, Executive Chairman of
TME.
"It has been my greatest pleasure to be a part of TME. I feel
immense pride in the Company's accomplishments over the years,
especially its commitment towards driving the long-term healthy
development of the online music industry and the incredible journey
of growing its online music paying users from less than 20 million
from the beginning of 2018 to over 90 million by the first quarter
of 2023. I am truly grateful for Cussion, Ross and the Board for
their trust, as well as for the support from everyone that I had
been working with during my years in TME," said Mr. Tony Yip.
"While I now look forward to spending more time with my family
overseas and on pursuing other personal interests, I am highly
confident in the TME team and the Company's future potential as
China's leading online music and
audio entertainment platform."
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
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SOURCE Tencent Music Entertainment
Group