Sony Select Extends Agreement with Kuke Music's (KUKE) Naxos China

Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with 3 million audio and video music tracks, announced that Sony Select, one of the most influential Hi-Res music services, has extended its agreement with the Company's subsidiary Naxos China (a JV company between Kuke and Naxos), giving music enthusiasts and audiophiles instant access to the professional high-res classical music catalogues.

Under the agreement, Naxos China will continue licensing its extensive library of high-resolution (high-res) classical music catalogue to Sony Select, providing its users with an immersive and superior listening experience. Naxos China boasts its diverse high-res music catalogue for both its quantity and quality, comprised of classical, jazz and world music, as well as award-winning recordings that represents the highest standard of the industry.

High-res music apps are digital music streaming services that offer high-quality, uncompressed, and lossless music files, which are typically in a higher resolution than standard music files. These apps allow users to stream or download high-quality audio files, providing a superior listening experience compared to traditional audio formats. They provide listeners with a more immersive, high-fidelity listening experience, allowing them to hear more detail and clarity in the music.

Mr. He Yu, Chief Executive Officer of Kuke Music Holding Limited, commented, "We are pleased to continue our agreement with Sony Select, one of our long-term and most important licensing clients. This is another important strategic opportunity for us as we benefit from being aligned with industry leaders across the entire music ecosystem from creation to consumption. In the case of Sony Select, the platform has already established an impressive leadership position for its high-res app, which is viewed as a must-have for audiophiles and music enthusiasts. Both of our companies share in the commitment to providing superior quality audio tracks to our users. In addition, as Sony Select continues to expand its popular high-res music app in new online and offline usage scenarios, it can generate incremental revenue for Sony Select as well as its content providers, Naxos China included."

Mr. He Yu, Chief Executive Officer of Kuke Music Holding Limited, continued, "High-res music apps continue to gain paid users worldwide by offering improved audio quality, a better listening experience, and more choice. At the same time, music enthusiasts and audiophiles benefit from future-proofing their music libraries with a high-res music app, to ensure access to the best audio quality available. Overall, high-resolution music, like that of provided by Naxos China, and leading high-res apps, like Sony Select, are great choices for anyone who wants to enjoy the best possible sound quality and get the most out of their music listening experience."

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