Tencent Music Entertainment Group Loss Form

Company: Tencent Music Entertainment Group

Ticker: (NYSE) TME

Deadline

Passed

Lead Plaintiff Deadline: November 25, 2019

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Allegations

(1) Tencent Music’s exclusive licensing arrangements with major record labels were anticompetitive; (2) consequently, sublicensing such content from Tencent Music was unreasonably expensive, in violation of Chinese antimonopoly laws; (3) these anticompetitive efforts were reasonably likely to lead to regulatory scrutiny; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.