#China #Shenzhen #Music Industry #Notes Offering #Tencent Music

Tencent Music Entertainment Group's $1 Billion Notes Offering

Shenzhen, China - In a strategic financial move, Tencent Music Entertainment Group (TME), the dominant music and audio entertainment platform in China, has announced its public offering of $1 billion in senior unsecured notes. This announcement was made on September 3, 2026, and reflects TME's ongoing commitment to strengthening its financial position and expanding its business operations in the evolving music and entertainment landscape.

The offering comprises two sets of notes: $500 million of 5.050% notes due in 2031 and another $500 million of 5.650% notes due in 2036. These financial instruments are registered under the U.S. Securities Act of 1933 and are anticipated to be listed on The Stock Exchange of Hong Kong Limited, enhancing accessibility for global investors.

After accounting for underwriting discounts, commissions, and estimated offering expenses, TME expects to net approximately $991.9 million from the offering. The company plans to deploy these funds for a variety of corporate purposes, which may include refinancing existing offshore debt and carrying out share repurchases to bolster shareholder value.

The offering is being jointly managed by prominent financial institutions, including J.P. Morgan Securities LLC, Goldman Sachs (Asia) L.L.C., and The Hongkong and Shanghai Banking Corporation Limited, ensuring a robust framework for the offering process. Furthermore, UBS AG Hong Kong Branch, Bank of China Limited, and MUFG Securities Asia Limited are collaborating as joint lead managers.

Registration and Investor Information

TME maintains an automatic shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC), which includes a base prospectus. As part of the offering, a preliminary prospectus supplement has been filed, and investors are advised to review these documents carefully to gain comprehensive insights into the company and the offering.

It’s crucial to note that this offering is not made in the United States and does not constitute an offer to sell or solicitation of an offer to buy these securities in any jurisdiction where it would be unlawful. This clarification highlights TME's adherence to regulatory frameworks, maintaining transparency and compliance throughout the offering process.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group is recognized as the leading all-in-one music and audio entertainment platform in China. TME operates some of the most popular music and audio applications, including QQ Music, Kugou Music, Kuwo Music, WeSing, and Ximalaya. The company's strategy focuses on creating diverse experiences through music and technology, extending the value of intellectual property from online streaming into offline concerts, merchandise, and various IP-centric experiences.

By emphasizing innovation and user engagement, TME aims to create a seamless ecosystem that allows users to discover, listen, sing, and connect with music and audio content in numerous ways, thus reinforcing its position within the competitive entertainment industry.

For more information and the latest updates from TME, investors and interested parties can visit their official investor relations page at ir.tencentmusic.com.

Through endeavors like this notes offering, TME is poised to enhance its operational efficiency while continuing to deliver cutting-edge music experiences to its users across China and beyond, solidifying its role as a pioneer in the music entertainment landscape.