<SEC-DOCUMENT>0000000000-20-011891.txt : 20210209
<SEC-HEADER>0000000000-20-011891.hdr.sgml : 20210209
<ACCEPTANCE-DATETIME>20201211114642
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-20-011891
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20201211

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kuke Music Holding Ltd
		CENTRAL INDEX KEY:			0001809158
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		BUILDING 96, 4 SAN JIAN FANG SOUTH BLOCK
		STREET 2:		CHAO YANG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100024
		BUSINESS PHONE:		86-10-6561-0392

	MAIL ADDRESS:	
		STREET 1:		BUILDING 96, 4 SAN JIAN FANG SOUTH BLOCK
		STREET 2:		CHAO YANG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100024
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
United States securities and exchange commission logo





                             December 11, 2020

       He Yu
       Chief Executive Officer
       Kuke Music Holding Limited
       Building 96
       4 San Jian Fang South Block
       Chaoyang District, Beijing 100024
       People's Republic of China

                                                        Re: Kuke Music Holding
Limited
                                                            Amendment No. 3 to
Draft Registration Statement on Form F-1
                                                            Submitted December
2, 2020
                                                            CIK No. 0001809158

       Dear Mr. Yu:

             We have reviewed your amended draft registration statement and
have the following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 3 to Draft Registration Statement on Form F-1, filed
December 2, 2020

       Prospectus Cover Page, page 1

   1.                                                   In an appropriate place
in your filing, please briefly describe the "certain conditions" to
                                                        which Class B holders
are subject to entitle them to ten votes per share. Make conforming
                                                        changes to your "Voting
Rights" disclosure on page 148 of your filing.
   2.                                                   We note your disclosure
that you will be a "controlled company" upon completion of this
                                                        offering, and your
disclosure on page 55 that you "are permitted to elect to rely, and may
                                                        rely, on certain
exemptions from corporate governance rules, including an exemption from
 He Yu
Kuke Music Holding Limited
December 11, 2020
Page 2
      the rule that a majority of [y]our board of directors must be independent
directors or that
      [you] have to establish a nominating committee and a compensation
committee composed
      entirely of independent directors." In an appropriate place in your
filing, please amend
      your disclosure to affirmatively state and describe all of the exemptions
upon which you
      intend to rely as a controlled company.
Intellectual Property
License Agreements, page 116

3.    To provide context for investors regarding the importance of the
licensing agreements
      described in this section, please disclose the amount of revenue
generated from each of
      these agreements and/or the percentage of your total revenue generated by
each of these
      agreements for the periods presented.
4.    As a related matter, we note your disclosure with respect to Naxos
China's agreements
      with Naxos International and Naxos America that "Naxos China shall pay
the licensor a
      portion of its income derived from the exploitation of the content as
royalties." To
      provide context for investors regarding Naxos China's obligations under
these agreements,
      please disclose the royalties or a range of royalties (for example, a
range expressed within
      ten percentage points or a statement that a percentage is in the low
single digits, teens,
      etc.), as well as any minimum payments, that Naxos China is obligated to
pay to the
      licensors under the agreements.
      Please contact Katherine Bagley at (202) 551-2545 or Lilyanna Peyser at
(202) 551-
3222 with any questions.



                                                            Sincerely,
FirstName LastNameHe Yu
                                                            Division of
Corporation Finance
Comapany NameKuke Music Holding Limited
                                                            Office of Trade &
Services
December 11, 2020 Page 2
cc:       Steve Lin
FirstName LastName
</TEXT>
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