Recent Updates — TCMEF

Tencent Music Entertainment Group announced the pricing of a US$1,000 million public offering of senior unsecured notes on September 4, 2026. The issuance consists of US$500 million in 5.050% notes due 2031 and US$500 million in 5.650% notes due 2036. Net proceeds are expected to be approximately US$991.9 million after deducting underwriting discounts and offering expenses. The company intends to use the funds for general corporate purposes, including refinancing offshore indebtedness and share repurchases. J.P. Morgan Securities LLC, Goldman Sachs (Asia) L.L.C., and HSBC are serving as joint bookrunners. Tencent Music Entertainment Group operates China's leading music and audio entertainment platform.

Tencent Music Entertainment Group reported unaudited results for the six months ended June 30, 2026. Total revenues increased to RMB16,828 million from RMB15,798 million in the prior year period, driven by a rise in music related services revenue to RMB14,119 million. Profit for the period declined to RMB4,690 million from RMB6,855 million, with basic earnings per ADS falling to 2.94 from 4.38. The company repurchased shares worth RMB462 million during the six months ended June 30, 2025, and recorded dividends of RMB1,974 million to shareholders in that same period. Tencent Music Entertainment Group operates in the digital music and social entertainment industry.