Beijing, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced that it has received notifications from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the NYSE's continued listing standards. On September 24, 2024, the NYSE notified the Company that it was below the continued listing standards as its total market capitalization was less than $50 million over a 30 trading-day period and its stockholders' equity was less than $50 million (the “September Notice”). As set forth in the September Notice, as of September 23, 2024, the 30 trading-day average global market capitalization of the Company was approximately $47 million and the Company's last reported shareholders' equity as of December 31, 2023 was approximately $3.3 million. The Company received another notice from the NYSE on October 8, 2024 (the “October Notice”) of non-compliance with the $1.00 average closing price standard. As set forth in the October Notice, as of October 7, 2024, the 30 trading-day average closing price of the Company's American Depositary Shares (“ADSs”) was approximately $0.98.
Beijing, Sept. 11, 2024 (GLOBE NEWSWIRE) -- KUKE MUSIC HOLDING LIMITED(NYSE:KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, recently announced that its newly developed "KUKE Music for Cars" app is now in its final testing phase and is expected to complete testing by the end of September. This innovative in-car music application aims to deliver a smarter and more personalized music experience for users.
Beijing, June 14, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, recently announced its entry into the AI music field and the integration of its AI music technology into automobiles. The Company has formed a professional team dedicated to developing and promoting AI music-related features, which will gradually be launched on KUKE's and partners' apps, bringing users a brand new music experience.
BEIJING , June 6, 2024 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China, today announced the formation of a professional AI team for development and operations, as well as a marketing team, to enter the AI music field. AI-enhanced music will be launched on Kuke's app and on various automotive in-car networking platforms, serving more end customers.
BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited (“Kuke” or the “Company”) (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that on May 24, 2024, it has signed a non-binding term sheet (the “Term Sheet”) with Naxos One Holding Limited (“Naxos One”), a limited liability company incorporated under the laws of the British Virgin Islands. The Term Sheet contemplates that Kuke will acquire a majority stake in two of the controlled subsidiaries of Naxos One, Angelina Assets Limited and HNH International Limited, the holding companies of the Naxos Music Group, a world-leading classical music brand and one of the largest distributors of independent classical record labels in the world (the “Naxos Group”). A director of Kuke is the controlling shareholder of Naxos One.