Wed. Nov 30th, 2022

BEIJING, Nov. 17, 2022 /PRNewswire/ — Kuke Music Holding Restricted (“Kuke” or the “Firm”) (NYSE: KUKE), a number one classical music service platform in China, introduced the change of its unbiased registered public accounting agency, efficient as of November 17, 2022.

Change of Unbiased Registered Public Accounting Agency

The appointment of Yu Licensed Public Accountant has been authorised by each the audit committee and the board of administrators of the Firm. On November 17, 2022, Ernst & Younger (“EY”), which beforehand was the unbiased registered public accounting agency of Kuke, didn’t stand for re-appointment.

EY’s audit stories on the Firm’s consolidated monetary statements as of and for the years ended December 31, 2021 and 2020 didn’t include an adversarial opinion or a disclaimer of opinion and weren’t certified or modified as to uncertainty, audit scope or accounting ideas. Throughout the Firm’s two most up-to-date fiscal years and the next interval by November 17, 2022, there have been no (i) disagreements (as outlined in Merchandise 16F(a)(1)(iv) of Type 20-F and the associated directions to Merchandise 16F of Type 20-F) between the Firm and EY on any matter of accounting ideas or practices, monetary assertion disclosure, or audit scope or process, which disagreements if not resolved to the satisfaction of EY would have triggered it to make reference in reference to its opinion to the subject material of the disagreement, or (ii) reportable occasions pursuant to Merchandise 16F(a)(1)(v) of the directions to Type 20-F, aside from the next materials weaknesses reported in our 2020 and 2021 annual stories on Type 20-F filed with the U.S. Securities and Change of Fee: (a) the shortage of adequate accounting and monetary reporting personnel with the requisite data and expertise within the utility of IFRS and SEC guidelines recognized as of December 31, 2020 and 2021, and (b) the shortage of adequate controls in calculating the anticipated credit score loss on monetary property recognized as of December 31, 2021. The Audit Committee mentioned the reportable occasions talked about above with EY. EY is permitted to totally reply to the inquiries of Yu Licensed Public Accountant on the reportable occasion.

Yu Licensed Public Accountant is engaged to audit and report on the consolidated monetary statements of the Firm for the yr ending December 31, 2022. Throughout the Firm’s two most up-to-date fiscal years and thru the next interim interval on or previous to November 17, 2022, neither the Firm nor anybody on its behalf has consulted with Yu Licensed Public Accountant on both (a) the appliance of accounting ideas to a specified transaction, both accomplished or proposed, or the kind of audit opinion that may be rendered on the Firm’s monetary statements, and neither a written report nor any was supplied to the Firm by Yu Licensed Public Accountant that Yu Licensed Public Accountant concluded was an necessary issue thought-about by the Firm in reaching a choice as to any accounting, auditing or monetary reporting concern, or (b) any matter that was the topic of a disagreement, as that time period is outlined in Merchandise 16F(a)(1)(iv) of Type 20-F (and the associated directions thereto) or a reportable occasion as set forth in Merchandise 16F(a)(1)(v) of Type 20-F.

The Firm supplied EY with a replica of the disclosures contained on this Type 6-Ok, and has requested EY to furnish a letter addressed to the Securities and Change Fee stating whether or not EY agrees with the statements made by the Firm on this Type 6-Ok and, if not, stating the respects wherein it doesn’t agree. A replica of such letter from EY is filed as Exhibit A to this way 6-Ok.

The Firm is working carefully with EY and Yu Licensed Public Accountant to make sure a seamless transition. The audit committee wish to specific its honest gratitude to EY for its professionalism and high quality of providers rendered to the Firm over the previous years.

About Kuke Music Holding Restricted

Kuke is a number one classical music service platform in China encompassing the complete worth chain from content material provision to music studying providers. By collaborating with its strategic world enterprise companion Naxos, the most important unbiased classical music content material supplier on this planet, the inspiration of Kuke’s intensive classical music content material library is its unparalleled entry to greater than 900 top-tier labels and report firms. Leveraging its market management in worldwide copyrighted classical music content material, Kuke offers extremely scalable classical music licensing providers to numerous on-line music platforms, and classical music subscription providers to over 800 universities, libraries and different establishments throughout China. As well as, it has hosted Beijing Music Pageant (“BMF”), probably the most famend music pageant in China, for twenty-four consecutive years. By KUKEY, the Firm’s proprietary good music studying options, Kuke goals to democratize music studying by way of technological innovation, carry fascinating music content material {and professional} music strategies to extra college students, and repeatedly enhance the effectivity and penetration of music studying in China.

For extra details about Kuke, please go to https://ir.kuke.com/

Exhibit A

November 17, 2022 
Securities and Change Fee 
100 F Avenue, N.E. 
Washington, DC 20549

Women and Gents:

We have now learn part Change of Unbiased Registered Public Accounting Agency of Type 6-Ok dated November 17, 2022, of Kuke Music Holding Restricted and are in settlement with the statements contained within the second sentence of the primary paragraph, and the second and fourth paragraphs therein. We have now no foundation to agree or disagree with different statements of the registrant contained therein.

/s/ Ernst & Younger
Hong Kong, The Individuals’s Republic of China
November 17, 2022

Cision

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SOURCE Kuke Music Holding Restricted

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