SCHEDULE 13G

Kuke Music Holding Ltd

American Depositary Shares, each representing ten (10) Class A ordinary shares, par value US$0.001 per share · CUSIP: 501229207

Event date: 2025-03-12

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Atlantis Investment Management Limited

  Shares: 5,660,000.00 · Class: 8.9%

• Atlantis Capital Group Holdings Limited

  Shares: 5,660,000.00 · Class: 8.9%

• Yang Liu

  Shares: 5,660,000.00 · Class: 8.9%

• Syzygy Stable Multi-Asset Strategy SP

  Shares: 2,000,000.00 · Class: 3.2%

• Atlantis New Hong Kong Equity Fund Limited

  Shares: 1,830,000.00 · Class: 2.9%

• Riverwood Multi-Growth Fund

  Shares: 1,830,000.00 · Class: 2.9%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.