Kuke Music's Claimed Acquisition Of Naxos Music Group Disputed By Co-Founders And Investors Amid Legal And Financial Concerns

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Klaus Heymann and Takako Nishizaki, Co-Founders of Naxos Music Group (NMG), are shareholders of the holding company of NMG, a leading producer and distributor of classical music worldwide. Naxos One Holding Limited (Naxos One) is the other shareholder of the holding company of NMG. Classical Music Museum Limited (Classical Music), a holding company focused on classical music investments, holds interests in NMG through its shareholdings in Naxos One. Today, the Co-Founders and Classical Music issued a statement disputing the validity of a purported acquisition by Kuke Music Holding Limited (NYSE:KUKE) (Kuke Music) of NMG, as described in a newsletter issued by NMG on September 30, 2025.

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