SHENZHEN, China, March 22,
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 Mr. Zhenyu Xie has tendered his resignation from his
executive positions as the Company's President, Chief Technology
Officer and other relevant roles, along with his position as a
member of the board of directors (the "Board"). These resignations,
submitted for personal reasons, will take effect on March 31, 2024.
Mr. Xie will serve as a consultant to the Company. In addition,
the Board has appointed Ms. Min Hu
(or "Shirley
Hu"), the Company's Chief Financial Officer, as a
director of the Company, effective March 31,
2024.
"On behalf of the Board and the Company, we would like to
express our gratitude to Mr. Xie for his remarkable service at TME
as well as his dedication to the innovation and growth of the
digital music industry. Zhenyu has played a vital role in leading
our teams to significant breakthroughs, which has greatly enhanced
TME's product appeal and user experience. We appreciate his
contributions and wish him well in all future pursuits," said Mr.
Cussion Pang, Executive Chairman of TME. "Meanwhile, we are pleased
to welcome Shirley as a new director to our Board."
Ms. Hu currently serves as our Chief Financial Officer, in
charge of our finance and corporate IT functions. Ms. Hu has more
than 20 years of comprehensive experience in finance, such as
financial management, capital operation, operation management,
mergers and acquisitions, internal control and internal audit.
Prior to joining TME, Ms. Hu served various controller roles in
Tencent's business groups from 2007 to 2016. Prior to joining
Tencent, Ms. Hu served as the
director of internal audit department at Huawei Technology Co.,
Ltd. Ms. Hu is a member of Chartered Institute of Management
Accountants (CIMA), CPA Australia, China Institute of Certified
Public Accountants (CICPA), and a Certified Internal Auditor (CIA).
Ms. Hu received a bachelor's degree in Industrial Foreign Trade
from Xi'an Jiaotong University in China and a master's degree in system
engineering from Beijing Jiaotong University in China.
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