Beijing, Sept. 12, 2024 — Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced it has regained compliance with the New York Stock Exchange (the “NYSE”) continued listing standards. The NYSE informed the Company on September 10, 2024, that it had met the minimum market capitalization and shareholders’ equity requirements for the past two quarters.

Previously, on June 29, 2023, Kuke was notified by the NYSE that it was below compliance standards due to its average global market capitalization falling below $50 million for a consecutive 30 trading-day period and shareholders’ equity being less than $50 million.

Starting with the opening of trading on September 11, 2024, the below compliance indicator will no longer be transmitted for the Company’s American depositary shares, and the Company will no longer be flagged as being below continued listing standards on the NYSE’s website (). According to the NYSE’s Listed Company Manual, the Company will be subject to a 12-month monitor period, during which its compliance with the NYSE’s continued listing standards will be reviewed.

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. Through collaboration with its strategic global business partner Naxos, the largest independent classical music content provider in the world, Kuke has unparalleled access to over 900 top-tier labels and record companies, forming the foundation of its extensive classical music content library. Leveraging its market leadership in international copyrighted classical music content, Kuke provides highly scalable classical music licensing services to various online music platforms, and classical music subscription services to over 800 universities, libraries and other institutions across China. Additionally, it has hosted Beijing Music Festival (“BMF”), the most renowned music festival in China, for 24 consecutive years. Through KUKEY, the Company’s proprietary smart music learning solutions, Kuke aims to democratize music learning via technological innovation, bring fascinating music content and professional music techniques to more students, and continuously improve the efficiency and penetration of music learning in China. For more information about Kuke, please visit /.

Forward-looking Statements

This announcement contains forward looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Kuke’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including those in Kuke’s registration statement filed with the Securities and Exchange Commission. Further information regarding these and other risks is included in Kuke’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Kuke undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For further information, please contact:

Kuke Music Holding Limited
Investor Relations
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