Kuke Music Regains Compliance with NYSE Continued Listing Criterion

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Apr 03, 2023, 09:00 ET

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. By collaborating with its strategic global business partner Naxos, the largest independent classical music content provider in the world, the foundation of Kuke's extensive classical music content library is its unparalleled access to more than 900 top-tier labels and record companies. 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. In addition, 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 https://ir.kuke.com/

SOURCE Kuke Music Holding Limited