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MEXC Strengthens Reserve Backing with $390M Asset Increase

VICTORIA, Seychelles, April 23, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has significantly bolstered its reserve holdings, reporting an increase of approximately $389 million in total asset value over the past two months (as of April 21, 2025). The latest audit of MEXC’s Proof of Reserves confirms that all major cryptocurrencies are backed by reserves exceeding 100%, underscoring the exchange’s strong liquidity position and commitment to financial transparency.

MEXC Strengthens Reserve Backing with $390M Asset Increase
MEXC Strengthens Reserve Backing with $390M Asset Increase

Reserve Ratio Update Reflects Strong Growth

As of April 2025, MEXC’s reserve ratios continue to demonstrate solid coverage across all major cryptocurrencies:

graph 1
graph 1

The updated reserve ratios highlight consistent over-collateralization, reinforcing user confidence in the platform’s ability to meet withdrawal demands at any time.

Substantial Asset Growth Over Two Months

A comparison between February and April 2025 reveals a notable surge in MEXC’s asset holdings, with total on-chain reserves increasing by approximately $389.1 million:

graph 2
graph 2

The sharp rise signals robust capital inflows during this two-month period.

Strong Capital Inflow Signals Growing Market Confidence

The substantial increase in our reserves over the past two months reflects growing confidence in MEXC’s platform during recent market conditions,” said Tracy Jin, COO of MEXC. “With nearly $390 million in added value to our reserves, we’re not just maintaining our commitment to user security — we’re strengthening it.”

The latest data shows notable growth in Bitcoin and Ethereum holdings, with reserves increasing by 1,649.72 BTC and 21,264.46 ETH, respectively. At current market prices, these additions represent over $179 million in combined value, underscoring rising user activity and capital inflow.

Commitment to Transparency and Security

MEXC continues to conduct bi-monthly Proof of Reserve audits as part of its broader commitment to transparency and user trust. These regular reports allow users to independently verify that their assets are fully backed on-chain, with the latest audit confirming near-zero discrepancies between public blockchain data and platform records.

“Transparency isn’t just a policy at MEXC — it’s a fundamental principle guiding our operations,” added Tracy Jin. “By publishing these comprehensive reserve reports every two months, we ensure our users have full visibility into the security of their assets.

Multi-layered Security Framework

MEXC safeguards user assets through a comprehensive security architecture that includes:

  1. 100%+ Reserve Backing: All user assets are fully backed with reserves exceeding total deposits
  2. Insurance Fund: Provides protection against extreme market volatility
  3. Regular Audits: Bi-monthly verification ensures continued compliance and transparency
  4. Cold Wallet Storage: The majority of user funds are held in offline, secure cold wallets to prevent unauthorized access

The Go-To Platform for Seamless Crypto Trading

In addition to implementing robust safety measures to ensure a secure trading environment, the platform offers a variety of features and services designed to enhance the user experience. These features help traders minimize costs and maximize returns. MEXC is committed to empowering traders by enabling investments across the widest range of assets, ensuring safe and seamless transactions regardless of market conditions.

  • M – Most Trending Tokens: MEXC is known for its rapid token listings and diverse selection of popular tokens, helping users capitalize on emerging opportunities. To date, over 3,000 tokens have been listed on the platform.
  • E – Everyday Airdrops: MEXC makes it easy for users to engage in daily airdrop events and receive substantial rewards without complex procedures. In 2024, the platform completed 2,293 airdrop events, distributing over $136 million in rewards.
  • X – Xtremely Low Fees: MEXC offers highly competitive trading fees, helping users reduce costs and maximize their growth potential.
  • C – Comprehensive Liquidity: Backed by strong liquidity and market depth, MEXC ensures the efficient and seamless execution of every transaction, minimizing slippage even during volatile conditions.

These features have helped MEXC attract over 36 million users, establishing it as the platform of choice for an increasing number of traders around the world.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

IFS Launches Accelerator to Help SAP Customers Rapidly Migrate to IFS Cloud and Unlock New Value

Demand from SAP ecosystem leads to launch of new accelerator  

BIRMINGHAM, England, April 23, 2025 //PRNewswire// — IFS, the leading provider of enterprise cloud and Industrial AI software, has today launched a new migration accelerator service, designed to help SAP customers move seamlessly and quickly from existing SAP systems to IFS Cloud and immediately start generating value from Industrial AI.  

With many SAP customers in the process of modernizing and rethinking their enterprise landscape, the IFS accelerator offers a proven, low-risk approach for businesses to migrate their technology estate, empowering them to break free from monolithic, legacy systems and take advantage of IFS.ai. This shift towards a multi-vendor, multiplatform, digital ecosystem drives transformation and business agility through a modern, composable tech stack. 

The accelerator service enables SAP customers to diversify their portfolio of products beyond a singular vendor and deploy IFS Cloud with minimal disruption. The accelerator is tailored to address the complexity and risk often associated with enterprise software migrations, providing a clear, structured path to accelerate cloud adoption while reducing costs, time, and potential challenges.  

The accelerator unifies data management, migration, and continuous system optimization, keeping the process seamless and secure for customers. Building on the proven success of IFS Cloud and IFS.ai, the migration offering supports diverse data sources and is set to expand compatibility with additional platforms, delivering a resilient, future-ready foundation. 

“IFS has already helped hundreds of companies successfully migrate all or part of their technology estate from legacy vendors to IFS Cloud,” said Max Roberts, Chief Operations Officer at IFS. “CEOs, CFOs, and CIOs from the world’s largest organizations are rethinking their approach to technology and operations. By leveraging IFS.ai through IFS Cloud, businesses can automate workflows and seamlessly integrate AI into their operations, dramatically improving efficiency and reducing costs. An open and composable platform like IFS Cloud, empowers companies to unlock the full potential of automation and digital transformation. Applying AI in the industrial setting is arguably the greatest growth driver we can have for society.” 

The IFS accelerator provides a structured approach to rapid ROI and unlocks organizational business value by aligning data around business transformation goals. This is underpinned by a recent IDC study, which found that IFS customers experience an 11-month payback on investment and a 414% three-year ROI with IFS Cloud. Industry specific services have been developed which embed deep business process knowledge across IFS’s six core industries: Aerospace & Defense, Energy & Utilities, Engineering & Construction, Manufacturing, Telco, and Service.  

Contact IFS now to find out more: https://www.ifs.com/ifs-cloud/choice  

IFS Press Contacts: 

EUROPE / MEA / APJ: Adam Gillbe 
IFS, Director of Corporate & Executive Communications 
Email: adam.gillbe@ifs.com   

NORTH AMERICA / LATAM: Mairi Morgan 
IFS, Director of Corporate & Executive Communications 
Email: mairi.morgan@ifs.com  

This information was brought to you by Cision http://news.cision.com

 

Sengkang General Hospital Introduces Photon-Counting CT Scanner to Advance Diagnostic Capabilities

  • New photon-counting CT scanner aims to enhance diagnostic imaging capabilities for SKH.
  • Advanced technology provides clearer images with lower radiation dose, improving diagnostic precision and patient safety.

SINGAPORE, April 23, 2025 /PRNewswire/ — Sengkang General Hospital (SKH) officially launched a new photon-counting computed tomography (CT) scanner today, strengthening its imaging capabilities to enhance diagnostic precision and confidence for better patient care. This next generation technology delivers highly detailed submillimetre images with improved contrast using less radiation compared to conventional CT scanners.

Key representatives from Sengkang General Hospital, SingHealth and Siemens Healthineers.
Key representatives from Sengkang General Hospital, SingHealth and Siemens Healthineers.

How it works
The Siemens Healthineers NAEOTOM Alpha is a Dual-Source Photon-Counting Computed Tomography (PCCT) system that uses advanced photon-counting detector technology. Unlike traditional CT scanners, which convert X-rays into visible light before creating images, this new system directly converts X-ray photons into digital signals with lower radiation.

What this means for patient care
This means safer scans for patients, along with sharper imaging that helps doctors detect and better understand complex conditions. From heart and brain vessel enhancement to delicate internal ear evaluation, this technology opens new possibilities in precision diagnostics and patient care.

Professor Teo Eng Kiong, Chief Executive Officer, SKH shares, “This advanced imaging system demonstrates our commitment to not only provide our patients with enhanced care, but value-based care – delivering better outcomes while optimising resources. With over 1,800 successful cases since November 2024, we are seeing how innovation improves both the effectiveness and efficiency of care, reducing the need for repeat procedures or scans. This is how we are building a more resilient healthcare system that serves our patients needs today and tomorrow.”

Supporting healthcare professionals in decision-making
“We are delighted to witness the launch of our NAEOTOM Alpha Photon-Counting CT scanner at SKH— marking a significant milestone as the first of its kind installation in a public healthcare setting in Southeast Asia,” says Ms Siow Ai Li, Managing Director, Siemens Healthineers Singapore and Malaysia. “With this next generation Photon-counting CT technology, we aim to empower clinicians and radiologists with sharper insights that elevate diagnostic precision and treatment across various clinical disciplines, such as cardiology, pulmonology, and oncology. This milestone reflects our ongoing commitment to shaping the future of healthcare and improving outcomes of patients in Singapore“.

Key clinical benefits include:

  • Clearer images of heart vessels and blood vessels in the brain
  • Better views of delicate structures like the inner ear
  • Earlier detection of lung nodules and diseases
  • Clearer imaging around metal implants
  • Lower radiation exposure, especially beneficial for patients needing frequent scans or those sensitive to radiation

“The high image quality helps us detect diseases earlier, more accurately and with greater confidence. We can now detect small fractures or early signs of bone disease that might otherwise be missed, allowing for earlier treatment and better outcomes,” explains Dr Mohammad Taufik Bin Mohamed Shah, Senior Consultant, Department of Radiology, SKH, who specialises in musculoskeletal imaging.

This press release and a press picture is available at

https://www.siemens-healthineers.com/en-sg/press-room/press-releases-sg/skh-introduces-pcct-scanner 

The product/features mentioned in this press release is/are not commercially available in all countries. Due to regulatory reasons their future availability cannot be guaranteed. Please contact your local Siemens organization for further details. The product and features mentioned in this press release are meant for healthcare professionals only.

Contact for media enquiries, please get in touch with:

Siemens Healthineers
Jo’an Chng
Head of Marketing, Sales Operations and Communications
Phone: +65 8328 1015; E-mail: jo-an.chng@siemens-healthineers.com 

Sengkang General Hospital
Geraldine Lee
Manager, Communications, Sengkang General Hospital
Phone : 6930 3159 ; 9060 8304 ; Email : Geraldine.lee.s.k@skh.com.sg 

Farah Rahman
Senior Executive, Communications, SKH
Phone : 6930 4475 ; 9686 7159 ; Email : Farahliyana.Rahman@skh.com.sg

Siemens Healthineers pioneers breakthroughs in healthcare. For everyone. Everywhere. Sustainably. The company is a global provider of healthcare equipment, solutions and services, with activities in more than 180 countries and direct representation in more than 70. The group comprises Siemens Healthineers AG, listed as SHL in Frankfurt, Germany, and its subsidiaries. As a leading medical technology company, Siemens Healthineers is committed to improving access to healthcare for underserved communities worldwide and is striving to overcome the most threatening diseases. The company is principally active in the areas of imaging, diagnostics, cancer care and minimally invasive therapies, augmented by digital technology and artificial intelligence. In fiscal 2024, which ended on September 30, 2024, Siemens Healthineers had approximately 72,000 employees worldwide and generated revenue of around €22.4 billion. Further information is available at www.siemens-healthineers.com.

Sengkang General Hospital (SKH) plays a vital role in providing quality and accessible care to better serve the healthcare needs in North-Eastern Singapore. Offering a wide spectrum of specialist clinics and co-located with Sengkang Community Hospital, we are a part of the integrated hospital campus delivering multi-disciplinary and patient-centric care covering all major healthcare disciplines. Reflecting on our mission of achieving better health together, SKH’s team of doctors, nurses, and allied health professionals practise multi-disciplinary and team-based care. Patients who need longer-term rehabilitative care can be seamlessly transferred from the general hospital to the community hospital to receive the appropriate care during their recovery. We also work together with polyclinics, general practitioners, and other healthcare providers to ensure timely and appropriate access to specialist care for acute and complex cases.

Enabling residents in the northeast access to national specialty services nearer their homes, SKH has collaborated with KK Women’s and Children’s Hospital, National Cancer Centre Singapore, National Dental Centre Singapore, National Heart Centre Singapore, and Singapore National Eye Centre, to set up satellite clinics within the hospital’s Medical Centre. For more information, visit www.skh.com.sg

 

Foodpanda to Cease Operations in Thailand, Parent Company Announces

A Foodpanda rider (Photo: Thaiger)

Foodpanda will cease its operations in the country on 23 May, its German parent company Delivery Hero announced on 23 April. 

PolyU and Peking University Third Hospital establish Medicine-Engineering Collaborative Innovation Research Laboratory

Opening new frontiers in smart healthcare


HONG KONG SAR – Media OutReach Newswire – 23 April 2025 – The Hong Kong Polytechnic University (PolyU) and Peking University Third Hospital (PUTH) have joined hands to establish the “Medicine-Engineering Collaborative Innovation Research Laboratory”, guided by the shared vision of “interdisciplinary medicine-engineering”. In alignment with the national strategy of “medical-engineering collaborative innovation,” the two institutions aim to drive practical innovation in the field of smart healthcare. The unveiling ceremony of the joint laboratory took place on 17 April in Beijing, marking a significant milestone in deepening collaboration between two leading institutions in the fields of medicine and engineering.

PolyU and PUTH held a joint unveiling ceremony today in Beijing to mark the establishment of the Joint Laboratory for Medical-Engineering Innovation.
PolyU and PUTH held a joint unveiling ceremony today in Beijing to mark the establishment of the Joint Laboratory for Medical-Engineering Innovation.

The ceremony was held in the Surgical Building Conference Hall of PUTH and officiated by Prof. Wing-tak WONG, Deputy President and Provost of PolyU; Prof. H.C. Man, Dean of the Faculty of Engineering of PolyU; Prof. FU Wei, PUTH President, Prof. SHEN Ning, PUTH Vice President and Prof. YUAN Chunhui, Director of the Department of General Surgery of PUTH. The event was witnessed by academic leaders and students from various disciplines, including advanced materials, aerospace engineering, biomedical engineering, and artificial intelligence. The launch and signing ceremony for the laboratory’s three-year scientific research plan also took place at the same occasion.

Prof. Fu Wei, PUTH President, remarked that medicine-engineering collaborative innovation is a driving force behind modern medical advancements. He expressed hope that this collaboration would accelerate the alignment between clinical needs and engineering solutions, promote the rapid translation of innovations, and make a profound impact on the quality of medical technologies.

Prof. Wing-tak Wong, Deputy President and Provost of PolyU, said that PolyU has a solid foundation in healthcare education and a wealth of experience in nurturing medical professionals. He expressed his hope that the establishment of the Joint Laboratory would further leverage PolyU’s strengths in medicine-engineering integration and facilitate collaboration with PUTH to advance medical technology and benefit society at large.

On the same day, the PolyU delegation visited PUTH’s Medical Animal Experimentation Centre and Clinical Teaching Centre to gain an in-depth understanding of its clinical teaching and research facilities. The two institutions also engaged in exchanges on topics such as surgical navigation, virtual reality simulation training, and biomaterials compatibility. The PolyU delegation also visited the campus of Peking University Health Science Center, touring the Peking University Medical Museum to appreciate the mastery of medical pioneers and the evolution of modern medicine in our Nation.

PolyU has extensive experience and a solid foundation in health science education and research. Over the past 40 years, in support of the development of the local healthcare system, PolyU has nurtured over 50,000 allied healthcare professionals in various disciplines, including medical laboratory science, medical imaging, radiotherapy, physiotherapy, occupational therapy, nursing, optometry, prosthetics and orthotics, and speech therapy.

In addition to its collaboration with PUTH, PolyU has established partnerships with several universities in mainland China, and is actively preparing for the establishment of the third medical school in Hong Kong to meet the high demand for quality healthcare services in Hong Kong and the Greater Bay Area.
Hashtag: #PolyU #MedicineEngineeringIntegration

The issuer is solely responsible for the content of this announcement.

Realsee Empowers FIDOVN to Revolutionize Vietnam’s Real Estate Industry Through VR

Technology Reconstructs the Human Habitat

BEIJING, April 23, 2025 /PRNewswire/ — When Vietnamese homebuyers wander through three-dimensional property listings in the cloud via VR, and multinational enterprises complete cross-border talent recruitment through virtual reality, FIDOVN—a tech-driven real estate platform deeply rooted in the Vietnamese market—is redefining ” Work smart – Life chill ” with disruptive technology. Currently, FIDOVN has established Southeast Asia’s first VR+AI+Data Hub OMO ecosystem, leveraging digital infrastructure to drive transformative change in a trillion-dollar market in the post-pandemic era. Behind this innovation lies the product and technical prowess of Realsee, a leading tech company providing digital space integrated solutions.

With world-class 3D reconstruction capabilities and a comprehensive hardware-software product portfolio, Realsee has empowered FIDOVN to elevate its service offerings:

Centered on Realsee’s self-developed professional Galois 3D LiDAR Camera

and the lightweight Realsee G1 Smart Phone Gimbal, FIDOVN has digitized over 10,000 real estate units. Galois is the industry’s first fixed-location laser scanner deployed at scale globally, while the Realsee G1 device enables full spatial replication using only a smartphone. Realsee’s advanced editing systems and software suite allow users to annotate, measure, and enhance 3D models while embedding features like navigation, synchronized co-browsing, AI-guided tours, and instant communication. This “what-you-see-is-what-you-get” experience accelerates decision-making, shortening the property transaction cycle. FIDOVN data reveals a 37% VR-driven conversion rate—triple the industry average.

Powered by Realsee’s technology, FIDOVN established Southeast Asia’s first VR+AI+Data Hub OMO ecosystem, seamlessly integrates online VR tour, virtual interviews, and cloud-based contracts with offline community service hubs covering southern Vietnam’s core regions, enabling 30-minute rapid transactions. This dual empowerment for B2B and B2C users has generated a million-level behavioral data asset. According to Ho Chi Minh City’s Real Estate Association, agencies adopting VR reduced customer acquisition costs by 45%, while 93% of Gen Z buyers prioritize VR experience when selecting agents (per FIDOVN surveys).


An expat engineer in Binh Duong Province remotely selected a Ho Chi Minh City luxury apartment via AI-driven family-structure recommendations, finalizing cross-border ownership at a local hub. A Vietnamese HR director at a Chinese multinational boosted interview rates by 58% through VR scenarios. “These are real FIDOVN success stories where Realsee’s VR technology delivers tangible value,” stated Matthew Zhao, FIDOVN’s founder.

While most firms optimize workflows with technology, FIDOVN—through Realsee’s VR—is reimagining human-space interactions: from VR tour to digital workplaces, smart communities to democratized tech access. In the era of digital-real economy convergence, Realsee’s solutions serve as inclusive infrastructure, empowering FIDOVN to make Work smart – Life chill.

FIDOVN marks a pivotal step in Realsee’s global expansion. Moving forward, Realsee will continue advancing spatial digitization through technological innovation, delivering future-ready solutions to partners in Vietnam and beyond—unlocking infinite possibilities for intelligent, interconnected spaces.

About Realsee

As a leading tech company providing digital space integrated solutions, Realsee has built the world’s largest 3D spatial database by replicating physical spaces, covering over 47 million spaces and boasting over 590 global authorized patents.

Realsee offers digital solutions for your space, spanning from its design and construction stage, to online marketing and visual operation.

Trust Realsee to elevate your real estate transactions, commercial retail, industrial facilities, cultural exhibitions, public affairs, and home decor to the next level.

 

Vantage Markets and Vantage Foundation Partner to Support Grab Indonesia’s Women Driver Program

JAKARTA, Indonesia, April 23, 2025 /PRNewswire/ — Vantage Markets, in  collaboration with its charitable arm, Vantage Foundation through the #TradeforHope initiative, has successfully supported Grab Indonesia’s Women Driver Program – Wiramudi Grab program. This initiative empowered over 3,400 women across multiple cities in Indonesia, create economic opportunities in the ride-hailing industry by providing startup capital, essential equipment, and financial incentives to help them establish a sustainable source of income.

Vantage Markets and Vantage Foundation Partner to Support Grab Indonesia’s Women Driver Program
Vantage Markets and Vantage Foundation Partner to Support Grab Indonesia’s Women Driver Program

The program, which ran from November 2024 to January 2025, achieved remarkable results. It onboarded 1,400 new female drivers and reactivated 2,000 dormant drivers in Jakarta, Bali, Medan, Bandung, Makassar, Semarang, and Yogyakarta. Participants received free driver kits, including jackets and helmets, as well as reactivation incentives to encourage continued participation in the workforce.

The initiative had a tangible economic impact, with participating drivers experiencing a 13% increase in trips compared to those who did not receive support. Beyond financial assistance, the program provided participants with a renewed sense of confidence, independence, and community support.

For Purwati, the program was more than just an opportunity to earn an income—it also helped her build confidence in a new career path: “Joining as a lady Grab driver has been incredibly helpful in earning my own income and gaining new knowledge. Plus, I’ve received great benefits like jackets, helmets, and even cosmetics! These small gestures mean a lot. Thank you so much for the support!”

Vantage Markets and Vantage Foundation Partner to Support Grab Indonesia’s Women Driver Program
Vantage Markets and Vantage Foundation Partner to Support Grab Indonesia’s Women Driver Program

The Wiramudi Grab Program has demonstrated the power of corporate responsibility and strategic partnerships in fostering economic empowerment and workforce inclusion. By breaking down barriers to entry, the program has provided thousands of women with a chance to generate sustainable income while promoting greater gender diversity in Indonesia’s ride-hailing sector.

Marc Despallieres, CEO of Vantage Markets, emphasised the importance of this collaboration: “At Vantage Markets, we believe that financial independence should be accessible to everyone, and we are committed to supporting initiatives that create real, lasting impact. Our partnership with Vantage Foundation and Grab Indonesia is a testament to the power of collective action in driving meaningful change. By empowering women with resources, training, and financial support, we are not only helping them secure a stable income but also fostering a more inclusive and sustainable future. We look forward to expanding this partnership and continuing to support communities in need.”

The #TradeForHope campaign is part of Vantage’s ongoing efforts to integrate social responsibility into its operations. By giving back through initiatives like these, Vantage is paving the way for a more inclusive and sustainable future for the communities it serves.

About Grab

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 700 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.    

About Vantage Foundation

Vantage Foundation is an independent charitable organisation launched at the McLaren Technology Centre in the UK in 2023. The foundation has worked with charity organisations around the world, including the iREDE Foundation in Nigeria, Teach For Malaysia in Malaysia, and Instituto Claret in Brazil.

For more information, please visit www.vantage.foundation

Disclaimer: This press release is for informational purposes only and does not constitute financial advice or an offer of any financial products or services. The charitable activities described herein are conducted by Vantage Foundation with support from Vantage Markets. These activities are entirely separate from any financial services offered by Vantage Markets. This article is solely intended to describe corporate social responsibility efforts and does not imply any endorsement or partnership related to financial products or services. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Tencent Music Entertainment Group Releases 2024 ESG Report

SHENZHEN, China, April 23, 2025 /PRNewswire/ — Tencent Music Entertainment Group (“TME”, or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today released its 2024 Environmental, Social and Governance (“ESG”) report, outlining the achievements and progress it made throughout the year in executing a sustainability strategy.

Mr. Cussion Pang, Executive Chairman of TME, commented, “As we remained true to our mission to ‘create endless possibilities with music and technology,’ we have been driving the advancement of online music industry through technology while prioritizing sustainable growth. We will continue to innovate and deploy initiatives that create positive changes and value for the society.”

To access the Company’s 2024 ESG Report, please visit: https://ir.tencentmusic.com/ESG-Reports.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to create endless possibilities with music and technology. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact
Tencent Music Entertainment Group
ir@tencentmusic.com  
+86 (755) 8601-3388 ext. 818415