Tencent Music Entertainment Group announced the appointment of Mr. Cussion Kar Shun Pang as TME's Executive Chairman of the Board of Directors (the "Board"). Mr. Zhu Liang (or "Ross Liang") has been appointed as the Company's new Chief Executive Officer ("CEO") and a member of the Board. Prior to this appointment, Ross served as Vice President of Tencent Holdings Limited ("Tencent") where he was responsible for overseeing a number of major online platforms including QQ as well as Qzone. Prior to that role, Ross was the General Manager of QQ Music from 2014 to 2016. As the CEO, Ross' primary responsibility is to oversee TME's QQ Music, Kugou Music, Kuwo Music, WeSing and long-form audio business. Mr. James Gordon Mitchell has been appointed as the Chairman of compensation committee of the Board. These changes will go into effect as of April 15, 2021. Mr. Tong Tao Sang (or "Dowson Tong"), TME's current Chairman of the Board, will resign from the positions of Chairman of the Board, Chairman of compensation committee and all his roles as a director or an officer of affiliates of the Company. Dowson has served as Chairman of the Board since 2016. He played an integral role in the formation of TME through the strategic merger of Tencent's QQ Music and WeSing with China Music Corporation. As the Company's newly appointed Executive Chairman, Cussion will be responsible for setting the Company's long-term strategy, overall coordination and management of the Board and the Company. He will continue to work closely in collaboration with Ross to provide value to users, business partners and shareholders. Ross joined Tencent in 2003. Prior to joining TME, he served as Vice President of Tencent, a role he has held since 2016. Prior to that, Ross was the General Manager of QQ Music from 2014 to 2016.