NYSE to Delist Kuke Music Holding Limited Due to Low Stock Price and Reverse Stock Split.

The New York Stock Exchange (NYSE) has announced the commencement of delisting proceedings against Kuke Music Holding Limited (KUKE). Trading in the company's American Depositary Shares will be suspended immediately. The decision was made pursuant to Section 802.01C of the NYSE's Listed Company Manual due to the company's failure to maintain a minimum average closing price of $1.00 and a change in the ratio of its American Depositary Receipts over the past year. The company has a right to review the decision and appeal if necessary.

The New York Stock Exchange (NYSE) has initiated delisting proceedings against Kuke Music Holding Limited (KUKE). Trading in the company's American Depositary Shares (ADSs) will be suspended immediately following the announcement NYSE to Commence Delisting Proceedings Against Kuke Music Holding Limited (KUKE)^[1].

The decision to commence delisting was made by NYSE Regulation pursuant to Section 802.01C of the NYSE's Listed Company Manual. The primary reasons cited for the delisting include the company's failure to maintain an average closing price of $1.00 over a consecutive 30-trading-day period and a change in the ratio of its American Depositary Receipts over the past year NYSE to Commence Delisting Proceedings Against Kuke Music Holding Limited (KUKE)^[1].

Kuke Music Holding Limited has the right to review this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the company's ADSs upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision NYSE to Commence Delisting Proceedings Against Kuke Music Holding Limited (KUKE)^[1].

For further information, investors and financial professionals are encouraged to contact Kuke Music Holding Limited's Investor Relations department via email at ir@kuke.com or NYSE Communications at PublicRelations-NYSE@ice.com NYSE to Commence Delisting Proceedings Against Kuke Music Holding Limited (KUKE)^[1].