Brian Li

Lex Zhang

Don Dong

Karina

Tong Wang

Yuji Fung

- Kuke Music Holding Limited (NYSE: KUKE) announced on **September 25, 2025**, that it has acquired a **controlling interest** in Naxos Music Group, one of the world's largest independent classical music companies.  **[1809158_0001213900-25-091741_ea025880101ex99-1_kukemusic.htm:0]** 
- The total transaction value for the acquisition was approximately **US$106.35 million**, which was settled entirely through the issuance of Kuke's Class A ordinary shares.  **[1809158_0001213900-25-091741_ea025880101ex99-1_kukemusic.htm:0]** 
- Following the completion of the transactions, Kuke now holds approximately **70.43%** of the outstanding shares of Naxos One, which in turn controls Naxos Music Group.  **[1809158_0001213900-25-091741_ea025880101ex99-1_kukemusic.htm:0]** 
- This acquisition is a strategic move intended to expand Kuke's classical music ecosystem globally, creating synergies between Kuke's music education platform and Naxos Music Group's extensive classical music catalog and established global distribution network.  **[1809158_0001213900-25-091741_ea025880101ex99-1_kukemusic.htm:2]**

Kuke Music Holding Limited Acquires Controlling Interest in Naxos Music Group

- Kuke Music Holding Limited announced the results of its extraordinary general meeting of shareholders and the class meeting of holders of Class B ordinary shares, which were held on **September 12, 2025**, in Beijing, China.  **[1809158_0001213900-25-087934_ea0257399-6k_kuke.htm:1]** 
- Shareholders approved a special resolution to amend the voting rights of Class B Ordinary Shares from **50 votes** per share to **1,000 votes** per share, while Class A Ordinary Shares will continue to carry **1 vote** per share.  **[1809158_0001213900-25-087934_ea0257399-6k_kuke.htm:1]** 
- **Yu Chen** was removed from office as a director of the Company with immediate effect, via an ordinary resolution.  **[1809158_0001213900-25-087934_ea0257399-6k_kuke.htm:1]** 
- The company also adopted amendments to permit ordinary and special resolutions of shareholders to be passed by written shareholder resolutions and approved the adoption of the fourth amended and restated articles of association.  **[1809158_0001213900-25-087934_ea0257399-6k_kuke.htm:1]**

Kuke Music Holding (KUKE)