Company: TME
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0000950170-25-056949
Chunk: 245

Company: Tencent Music Entertainment Group
Filing Date: 2025-04-23
Form: 20-F
Item: Item 6
Chunk 245
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 Our employees, directors, and consultants are eligible to participate in the 2024 Share Incentive Plan.
Conditions of Award. The Committee shall determine the provisions, terms and conditions of each award, including, but not limited to, the award vesting schedule, number of options or shares to be granted, exercise price and form of payment upon settlement of the award.
Treatment of Awards upon Change in Control. In the event that a change in control of the company occurs, outstanding awards shall be subject to the applicable agreement of merger or reorganization. Such agreement may provide, without limitation, for the assumption of outstanding awards by the surviving corporation or its parent, for their continuation by us (if we are a surviving corporation), for accelerated vesting or for their cancellation with or without consideration, in all cases without the consent of the participant.

Protection against Dilution. In the event of a subdivision of the outstanding shares of our company, a declaration of a dividend payable in our shares, a declaration of a dividend payable in a form other than shares in an amount that has a material effect on the price of our shares, a combination or consolidation of our outstanding shares (by reclassification or otherwise) into a lesser number of shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make appropriate adjustments to protect the participants from dilution.
Transfer Restrictions. Any shares issued pursuant to an award shall be subject to such rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine, in its sole discretion. Such restrictions shall apply in addition to any restrictions that may apply to holders of shares generally and shall also comply to the extent necessary with applicable laws. In no event shall we be required to issue fractional shares under the 2024 Share Incentive Plan.
Amendment, Suspension or Termination of the 2024 Share Incentive Plan. The 2024 Share Incentive Plan shall terminate on the 10th anniversary of the date the plan becomes effective and may be terminated on any earlier date at any time and for any reason. Any such termination of the 2024 Share Incentive Plan, or any amendment thereof, shall not impair any award previously granted under the 2024 Share Incentive Plan. An amendment of the 2024 Share Incentive Plan shall be subject to the approval of our shareholders only to the extent such approval is required by applicable laws, regulations or rules.
The following table summarizes, as of April 9, 2025, the number