SHENZHEN, China, Sept. 14,
2022 /PRNewswire/ -- Tencent Music Entertainment
Group ("TME", or the "Company") (NYSE: TME), the leading online
music and audio entertainment platform in China, announced on
September 15, 2022 (Beijing/Hong Kong Time) the
resignation of Mr. Liang Tang from
the board of directors (the "Board") and the compensation committee
of the Board, effective immediately. The Board also approved the
appointment of Ms. Jeanette Kim Yum
Chan as an independent director, and Ms. Edith Manling Ngan
as a member of the compensation committee, both effective
immediately. Ms. Ngan will continue to serve as an independent
director and a member of our audit committee.
"On behalf of our Board, we would like to sincerely thank Mr.
Tang for his remarkable eight years of services as a member of
TME's Board. Since joining the Board in 2014, Mr. Tang has
consistently made invaluable contributions to TME's strategic
direction and development. After his resignation, Mr. Tang will
continue to provide us with strategic advice as an honorary
advisor," commented Mr. Cussion Pang, Executive Chairman of TME.
"Meanwhile, we are thrilled to welcome Jeanette as a new
independent director to our Board. Jeanette brings over three
decades of corporate law experience focused on cross-border
transactions and investments. We look forward to benefiting from
Jeanette's expertise and insights as we continue to contribute to
the sustainable development of China's music industry."
Mr. Liang Tang commented, "It has
been my greatest pleasure to serve on TME's Board, and I feel
immense pride in the Company's accomplishments, especially its
steadfast leadership in shaping China's music industry. I will continue to
assist TME and provide strategic advice as it grows and builds on
Ms. Jeanette Kim Yum Chan
commented, "I am honored to have this opportunity. TME's leadership
in China's online music and
entertainment is incredibly impressive. I look forward to working
with Cussion and the Board on TME's next exciting phase as the
Company continues to drive quality growth through product and
technological innovations, while creating long-term value for the
music industry as a whole."
Ms. Jeanette Kim Yum Chan
currently serves as Chief Legal, Compliance and Risk Officer at
Airwallex. Prior to joining Airwallex in 2019, Ms. Chan served as
Managing Partner of the China Practice and Head of the Asia
Communications and Technology Practice at Paul, Weiss, Rifkind,
Wharton & Garrison from 1986 to 2019. Ms. Chan received her
Bachelor of Laws from the University of
British Columbia and Master of Laws from Harvard University.
About Tencent Music Entertainment
Tencent Music Entertainment Group
(NYSE: TME) 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 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
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. 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
+86 (755) 8601-3388 ext. 818415
SOURCE Tencent Music Entertainment