Kuke Music Holding Limited $(KUKE)$, a leading classical music services platform in China, has announced the acquisition of a controlling interest in Naxos Music Group, one of the world's largest independent classical music companies. According to Kuke, the deal was completed through two transactions involving Naxos One Holding Limited and Desun Holding Limited. The company issued a total of 661,392,939 Class A ordinary shares as consideration, valued at US$0.1608 per share, based on the average closing price of Kuke's ADSs for the 60 trading days prior to September 17, 2025, with a 30% discount. Kuke confirmed that all relevant shareholder rights, including preemptive and tag-along rights, expired without being exercised, allowing the transaction to proceed as planned.