KUKE News & Events

Kuke Music has acquired a controlling interest in Naxos Music Group, one of the world's largest independent classical music companies. Kuke acquired on the same day a controlling interest in Naxos Music Group through two transactions involving Naxos One and Desun, one of the two existing shareholders of Naxos One. The total transaction value is approximately $106.35M, and was settled entirely through the issuance of Kuke's Class A ordinary shares as consideration. Kuke issued 652,997,260 Class A ordinary shares and 8,395,679 Class A ordinary shares to Naxos One and Desun. Each Consideration Share was valued at $0.1608. The consideration may be settled either in cash or through the issuance of Kuke's Class A ordinary shares. The Consideration Shares held by Desun are subject to a lock-up period of 24 months. Upon completion of the transactions, Kuke holds approximately 70.43% of the outstanding shares of Naxos One, which in turn controls Naxos Music Group. The transactions have been approved by Kuke's shareholders, Board of Directors and Audit Committee.

Yu He, Chairman of Beijing KUKE Music recently held talks with Du Yongshou, President, and Zhou Qun, General Manager of People's Music Publishing House. The parties engaged in in-depth discussions on global music collaboration, promotion of young Chinese musicians, and co-building a digital music ecosystem, culminating in multiple strategic agreements. KUKE Music and People's Music Publishing House jointly announced the "Young Chinese Musicians Support Program." This initiative will provide comprehensive support to young artists. In the digital domain, KUKE Music and People's Music Publishing House will partner with platforms to explore integrated music data solutions and intelligent distribution models.

WEY, the new energy vehicle brand under Great Wall Motor, GWM, and KUKE Music have officially signed an in-depth cooperation agreement. The two parties jointly launched the customized in-car "KUKE Music" smart application, first deployed in GWM's new intelligent NEV models. Centered on "Technology + Humanity," this collaboration integrates AI with immersive music scenarios to deliver a highly personalized driving experience.

KUKE Music announced a strategic collaboration with Naxos Music Group. Under this partnership, Naxos will leverage its unparalleled content resources and service infrastructure to support KUKE Music's exploration of artificial intelligence innovations, blockchain and RWA in classical music. The collaboration centers on building a blockchain- and AI-powered "Music LEGO Engine" designed to fundamentally revolutionize the creation, rights verification, application, and value circulation of musical content. Within the compliance framework, tokenizing the company's music copyright assets as RWA. The core initiative-dubbed the "Music LEGO Engine"-will deeply structure and modularize KUKE Music and Naxos' vast, authoritative global classical music catalog. Copyright elements will be deconstructed into standardized, independently identifiable, licensable, and combinable "modules," akin to LEGO bricks.