Tencent Music Entertainment Group Loss Submission Form

Company: Tencent Music Entertainment Group

Ticker: (NYSE) TME

Deadline

Passed

Lead Plaintiff Deadline: December 27, 2021

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Allegations

Goldman Sachs Group Inc. and Morgan Stanley sold a large number of Tencent Music shares while in possession of material non-public information. The defendants knew that Archegos Capital Management would need to fully liquidate its position in Tencent Music based on margin call pressures. The defendants avoided billions in losses by selling the Company’s shares while in possession of this information. When the market learned the truth about Tencent Music, investors suffered damages.