Kuke Music Holding

Kuke Music Holding Ltd. is an investment holding company. It operates through its subsidiaries, which engages in commercial distributions, operations of music and video content and sales of music education solutions. The company operates through the following business segments: Non-pop Music Subscription and Copyright Licensing, and Smart Music Education Solutions. The Non-pop Music Subscription and Copyright Licensing segment operates through websites and mobile application and its customers comprise primarily universities, colleges and public libraries in China. Its copyright licensing customers also include in smart hardware manufacturers and game developers. The Smart Music Education Solutions segment consists of integrated kukey smart pianos and self developed smart teaching system, which are designed to enable one-to-many teaching in a synchronous interactive learning environment, serving all levels of educational institutions from kindergartens to universities and colleges. Kuke Music Holding was founded by Yu He on September 13, 2017 and is headquartered in Beijing, China.

Earnings data Q4 2020

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Kuke Music Holding Ltd. is an investment company, which engages in offering a classical music service platform. It operates through the Subscription, Licensing, and Smart Education Business; and Music Events and Performances Business segments. The Subscription, Licensing, and Smart Education Business segment distributes commercial copyrights and provision of music education solutions. The Music Events and Performances Business segment offers services related to music festival events and music performance and sale of Conch Smart Speakers. The company was founded by He Yu in 2007 and is headquartered in Beijing, China.

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.

KUKE Music Announces Resignation of President

Beijing, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced that it has received notifications from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the NYSE's continued listing standards. On September 24, 2024, the NYSE notified the Company that it was below the continued listing standards as its total market capitalization was less than $50 million over a 30 trading-day period and its stockholders' equity was less than $50 million (the “September Notice”). As set forth in the September Notice, as of September 23, 2024, the 30 trading-day average global market capitalization of the Company was approximately $47 million and the Company's last reported shareholders' equity as of December 31, 2023 was approximately $3.3 million. The Company received another notice from the NYSE on October 8, 2024 (the “October Notice”) of non-compliance with the $1.00 average closing price standard. As set forth in the October Notice, as of October 7, 2024, the 30 trading-day average closing price of the Company's American Depositary Shares (“ADSs”) was approximately $0.98.

KUKE Music Reports Receipt of NYSE Non-Compliance Notices Regarding Continued Listing Standards

Beijing, Sept. 11, 2024 (GLOBE NEWSWIRE) -- KUKE MUSIC HOLDING LIMITED(NYSE:KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, recently announced that its newly developed "KUKE Music for Cars" app is now in its final testing phase and is expected to complete testing by the end of September. This innovative in-car music application aims to deliver a smarter and more personalized music experience for users.

KUKE Music Successfully Develops "KUKE Music for Cars" Version, Aims to Complete Testing by End of September

Beijing, China, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today published a notice to announce that it will hold an annual general meeting (the “AGM”) of shareholders (the “AGM Notice”) at 10:30 a.m., Beijing time, on September 20, 2024 at Room 303, Beijing Broadcasting Tower, No. Jia 14, Jianwaidajie, Chaoyang District, Beijing, People's Republic of China (or after the Class B Meeting, as defined below, whichever is later), for the purposes of considering and, if thought fit, passing the resolutions set forth in the AGM Notice. The AGM Notice and form of proxy for the AGM are available on the Company's website at https://ir.kuke.com/, as well as on the SEC's website at www.sec.gov.

Kuke Music Holding Limited to Hold Annual General Meeting and Class Meeting on September 20, 2024

Beijing, June 14, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, recently announced its entry into the AI music field and the integration of its AI music technology into automobiles. The Company has formed a professional team dedicated to developing and promoting AI music-related features, which will gradually be launched on KUKE's and partners' apps, bringing users a brand new music experience.

Kuke and Jidou Join Forces in the AI Music Market

BEIJING , June 6, 2024 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, today announced the formation of a professional AI team for development and operations, as well as a marketing team, to enter the AI music field. AI-enhanced music will be launched on Kuke's app and on various automotive in-car networking platforms, serving more end customers.

Kuke Music Makes Initial Steps into AI Music Field

BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited (“Kuke” or the “Company”) (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that on May 24, 2024, it has signed a non-binding term sheet (the “Term Sheet”) with Naxos One Holding Limited (“Naxos One”), a limited liability company incorporated under the laws of the British Virgin Islands. The Term Sheet contemplates that Kuke will acquire a majority stake in two of the controlled subsidiaries of Naxos One, Angelina Assets Limited and HNH International Limited, the holding companies of the Naxos Music Group, a world-leading classical music brand and one of the largest distributors of independent classical record labels in the world (the “Naxos Group”). A director of Kuke is the controlling shareholder of Naxos One.

KUKE Announces Purchase Terms with Naxos One

BEIJING , April 18, 2024 /PRNewswire/ -- Kuke Music Holdings Limited ("Kuke" or the "Company") (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce its official strategic partnership with the China National Youth Palace Association. The collaboration aims to jointly organize a series of events, including the "2024 National Youth Palace Choral Online Event," choral conducting and music teacher training courses, and the Youth Palace Choral Arts Summer Camp, all dedicated to providing high-quality music and arts education services to the youth.

KUKE Enters Strategic Partnership with China National Youth Palace Association

BEIJING , March 14, 2024 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, recently disclosed a strategic organizational adjustment, including the establishment of a dedicated Technical Research and Development Center in Guangzhou. This strategic initiative is designed to enhance the collaborative efforts in R&D for technological integration between Kuke and its global strategic partner, Naxos Music Group ("Naxos").

Kuke Music Establishes R&D Center in Guangzhou

Kuke Music to Launch Innovative Classical Music Car Connectivity Application BEIJING , Feb. 22, 2024 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, announced the Company plans to officially enter the classical music car connectivity market in the second quarter of 2024. This strategic move is accompanied by the launch of a new application designed exclusively for individual end-users, aimed at providing classical music enthusiasts with a more convenient and high-quality music experience.

Enjoy Your Drive with Music

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced its unaudited interim financial results for the six months ended June 30, 2023.

Kuke Reports First Half of 2023 Unaudited Financial Results

Beijing, China, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Naxos China is a subsidiary company under Kuke Music Holding Limited dedicated to promoting Chinese local music and artists, opening up a global stage through release of recordings, and artist management. Naxos China has partnered with numerous composers, musicians, music institutions, and orchestras, releasing many recordings & that feature representative works by Chinese composers and classical repertoire performances. They also introduce and support international musicians' concert tours and signing events in China. Through collaborations with both domestic and international platforms, Naxos China's recordings enjoys a global coverage.

Naxos China Dedicated to promoting Chinese Local Music and Artists, Opening a New International Stage

Beijing, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, today announced that on June 29, 2023, it received a notice (the “Notice”) from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE's Listed Company Manual due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and its shareholders' equity was less than $50 million. As set forth in the Notice, as of June 27, 2023, the 30 trading-day average global market capitalization of the Company was approximately $20.7 million and the Company's last reported shareholders' equity as of December 31, 2022 was $8.8 million.             In accordance with the NYSE's listing requirements, the Company has notified the NYSE that it will submit a plan within 45 days of the Notice advising the NYSE of the definitive action it has taken, or is taking, to bring it into conformity with Section 802.01B within 18 months of receipt of the Notice. The NYSE will review the Company's plan and, within 45 days, make a determination as to whether the Company has made a reasonable demonstration of its ability to come into conformity with Section 802.01B within 18 months. If the Company's plan is not submitted on a timely basis or is not accepted, the NYSE will initiate delisting proceedings. If the NYSE accepts the Company's plan, the Company's ADSs will continue to be listed and traded on the NYSE during the cure period, subject to the Company's compliance with the plan and other continued listing standards. The NYSE will review the Company on a quarterly basis to confirm compliance with the plan. If the Company fails to comply with the plan or does not meet continued listing standards at the end of the 18-month cure period, it will be subject to the prompt initiation of the NYSE's suspension and delisting procedures.

Kuke Music Receives Continued Listing Standard Notice from the NYSE

Beijing, June 12, 2023 (GLOBE NEWSWIRE) --  Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, announced the establishment of a new operating center in Wuhan, the capital city of Hubei Province, China.

KUKE MUSIC HAS ESTABLISHED A BRAND-NEW OPERATING CENTER IN WUHAN, AIMING TO OPTIMIZE COST EFFICIENCY

BEIJING , April 3, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, today announced that the Company has received a letter from the New York Stock Exchange (the "NYSE") dated March 28, 2023, notifying the Company that it has regained compliance with the NYSE's continued listing criterion that requires a minimum average share price of $1.00 over a consecutive 30 trading-day period as set forth in Section 802.01C of the NYSE Listed Company Manual (the "NYSE Continued Listing Criterion"). 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.

Kuke Music Regains Compliance with NYSE Continued Listing Criterion

Kuke Music and Shanghai Music Publishing House to Collaborate on Music Licensing, Live Events and the Education Market BEIJING , March 21, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, and Shanghai Music Publishing House announced the extension of their expansive China partnership, which covers five segments: online content, commercial licensing, live events, physical publishing, and broader promotion of the music education market. The partnership leverages Shanghai Music Publishing House's leadership of the national music book publishing market in China, with Kuke Music's dominant classical music licensing advantages to target China's tens of millions of music students, as well as the multi-billion dollar music education market.

Prominent Music Companies Expand Partnership in China

BEIJING , March 13, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, announced an agreement to acquire a 49% equity interest in Singapore domiciled KOLO.Market, with an option to acquire the remaining 51%. KOLO.Market is the world's first vertically integrated classical music Web 3.0 platform that aims to create a well-rounded and healthy classical music ecosystem.

Kuke to Acquire 49% Equity Interest in KOLO.Market, World's First Vertically Integrated Classical Music Web 3.0 Platform

BEIJING , Feb. 27, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with 3 million audio and video music tracks, announced that Sony Select, one of the most influential Hi-Res music services, has extended its agreement with the Company's subsidiary Naxos China (a JV company between Kuke and Naxos), giving music enthusiasts and audiophiles instant access to the professional high-res classical music catalogues. Under the agreement, Naxos China will continue licensing its extensive library of high-resolution (high-res) classical music catalogue to Sony Select, providing its users with an immersive and superior listening experience.

Sony Select Extends Agreement with Kuke Music's Naxos China

BEIJING , Feb. 10, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with 3 million audio and video music tracks, announced the Company's continuing progress in its strategy of becoming China's leading smart music learning product service provider. The Company has already secured contracts with more than 200 public schools in China to provide its integrated smart music learning products and services.

Kuke Music Works to Become China's Leading Smart Music Learning Product and Service Provider

Companies Initially Targeting 200,000 Schools Across China BEIJING , Jan. 30, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, announced the launch of an advanced digital music teaching system in collaboration with People's Music Publishing House. The highly innovative Music Museum is a comprehensive digital music teaching system, including licensed Chinese music and classical music learning content.

Kuke Music Launches Advanced Digital Teaching System in Collaboration with People's Music Publishing House

BEIJING , Jan. 9, 2023 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, announced the Company's ground breaking Youth Artist Development Program, which is focused on competition, discovery and development of young artistic talent, has reached a record enrollment level. Nearly 8,500 students have already successfully enrolled in the Company's 2022 program, up 200% year-on-year and representing 61 cities across China.

Kuke's Ground Breaking Talent Program Reaches Record Enrollment Level

Company Leveraging More than 2 Million Classical Music Tracks BEIJING , Dec. 28, 2022 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, announced the Company's attendance at the recently held China National Center for the Performing Arts ("China NCPA" ) hosted Beijing Forum for Performing Arts 2022. The theme of this year's global forum was "Revitalizing the Performing Arts: Tradition and Innovation".

Kuke Music Supports Prominent Beijing Forum for Performing Arts

BEIJING , Nov. 17, 2022 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, announced the change of its independent registered public accounting firm, effective as of November 17, 2022. Change of Independent Registered Public Accounting Firm The appointment of Yu Certified Public Accountant has been approved by both the audit committee and the board of directors of the Company.

Kuke Music Announces Change of Independent Registered Public Accounting Firm

BEIJING , Nov. 3, 2022 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated September 29, notifying Kuke Music that it is not in compliance with the NYSE's continued listing standard with respect to minimum average share price due to the fact that the average closing price of the Company's American Depositary Shares (the "ADSs") was less than $1.00 for a consecutive 30 trading-day period. As of November 2, the 30 trading-day average price of the ADSs was $0.55.

Kuke Music Announces Receipt of Non-compliance Letter Regarding ADS Trading Price from NYSE

BEIJING , Sept. 20, 2022 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Group") (NYSE: KUKE), a leading classical music service platform in China, announced the replacement of an independent director, effective as of September 20, 2022.

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