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Tencent Music Entertainment Group Announces Board Shakeup

Board of directors head steps down but will remain Tencent President

The top online music and audio entertainment platform in China, Tencent Music Entertainment Group, announced that Martin Chi Ping Lau, who has served as a director of the Company’s Board of Directors since 2016, has decided to leave the board effective immediately. Upon his exit, Matthew Yun Ming Cheng will be appointed as the new director of the Board.

Tencent
Cussion Pang
“On behalf of our Board, we would like to express our deep gratitude to Martin for his years of service to the TME Board and his invaluable contributions to the company. His extensive experience and strategic thinking shaped TME’s growth path and were instrumental in our transformation into the leading online music and audio entertainment platform in China. After his resignation, Martin will continue to provide us with strategic advice as President of Tencent, which remains the majority shareholder in TME,” commented Mr. Cussion Pang, Executive Chairman of TME.
“Meanwhile, we are pleased to welcome Matthew as a new director to our Board. We are confident his experience and insights will provide valuable perspectives as we continue to execute our strategy and promote the healthy development of China’s music industry.”

Mr. Cheng has served as the corporate vice president of Tencent Holdings Limited. Before joining Tencent in 2010, Mr. Cheng assumed financial management functions at various companies, including Price Waterhouse and China Everbright Technology Limited. Mr. Cheng is a fellow member of the Association of Chartered Certified Accountants. He received a bachelor’s degree in accountancy from the Hong Kong Polytechnic University.

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