Tencent Music Entertainment Group Announces Mr. Zhenyu Xie Has Tendered His Resignation As The Co's President, CTO And Other Relevant Roles, Along With His Position As A Member Of The Board Of Directors, Effective March 31, 2024; Board Has Appointed Ms. Min "Shirley" Hu, The Co's CFO, As A Director

Author: Benzinga Newsdesk | March 22, 2024 10:53am

Tencent Music Entertainment Group ("TME", or the "Company") (NYSE:TME), the leading online music and audio entertainment platform in China, today announced that Mr. Zhenyu Xie has tendered his resignation from his executive positions as the Company's President, Chief Technology Officer and other relevant roles, along with his position as a member of the board of directors (the "Board"). These resignations, submitted for personal reasons, will take effect on March 31, 2024.

Mr. Xie will serve as a consultant to the Company. In addition, the Board has appointed Ms. Min Hu (or "Shirley Hu"), the Company's Chief Financial Officer, as a director of the Company, effective March 31, 2024.

"On behalf of the Board and the Company, we would like to express our gratitude to Mr. Xie for his remarkable service at TME as well as his dedication to the innovation and growth of the digital music industry. Zhenyu has played a vital role in leading our teams to significant breakthroughs, which has greatly enhanced TME's product appeal and user experience. We appreciate his contributions and wish him well in all future pursuits," said Mr. Cussion Pang, Executive Chairman of TME. "Meanwhile, we are pleased to welcome Shirley as a new director to our Board."

Ms. Hu currently serves as our Chief Financial Officer, in charge of our finance and corporate IT functions. Ms. Hu has more than 20 years of comprehensive experience in finance, such as financial management, capital operation, operation management, mergers and acquisitions, internal control and internal audit. Prior to joining TME, Ms. Hu served various controller roles in Tencent's business groups from 2007 to 2016. Prior to joining Tencent, Ms. Hu served as the director of internal audit department at Huawei Technology Co., Ltd. Ms. Hu is a member of Chartered Institute of Management Accountants (CIMA), CPA Australia, China Institute of Certified Public Accountants (CICPA), and a Certified Internal Auditor (CIA). Ms. Hu received a bachelor's degree in Industrial Foreign Trade from Xi'an Jiaotong University in China and a master's degree in system engineering from Beijing Jiaotong University in China.

Posted In: TME