EX-4.14

Exhibit 4.14

Debt Assignment and Offset Agreement

This Debt Assignment and Offset Agreement (the “Agreement”) is entered into on March 10, 2021 by and among Gu Dejun (PRC Identification number: [ ], the “Transferor”), Beijing Zhizheng Music Culture Co., Ltd. (Uniform Social Credit Code No.: 91110108MA01TUGH9H, the “Transferee”), and Tencent Music (Beijing) Co., Ltd. (the “Tencent Music”),

Whereas, Gu Dejun and Beijing Zhizheng Music Culture Co., Ltd. entered into a share transfer agreement on March 1, 2021 (the “Share Transfer Agreement”), pursuant to which the Transferor should transfer 50% equity interest held by him of Xizang Qiming Music Co., Ltd. (the “VIE Company”, which equals to RMB 5,000,000 of the registered capital of the VIE Company) to the Transferee. According the Share Transfer Agreement, the consideration of the Target Equity is RMB 1 (the “Transfer Price”).

Whereas, Hu Min (PRC Identification number: [ ]) and Tencent Music entered into a Loan Agreement on February 8, 2018 (the “Loan Agreement”), pursuant to which Tencent Music collectively lent RMB 5,000,000 (the “Loan”) to Hu Min but the Loan was not actually issued. Later, the Transferor, Hu Min and Tencent Music entered into a Debt Assignment and Offset Agreement on September 12, 2019 (collectively known as the “Previous Agreements” with the Loan Agreement, pursuant to which pursuant to which the Transferor inherited all rights and obligations of the Hu Min under the Previous Agreements.

In view of above, the parties agree as follows:

The Transferor agrees to transfer all of its obligations under the Previous Agreements (including the obligation to repay the loan, if any) to the Transferee and the Transferee agrees to inherit all of the obligations. As the consideration that the Transferee agrees to inherit the relevant obligations, the portion of the Transfer Price equal to the Loan that the Transferee shall pay to the Transferor, shall be deemed paid. When this Agreement comes into effect, the Transferee shall replace the Transferor as the borrower under the Previous Agreements. From the date of execution this agreement, the specific rights and obligations of the Transferee and Tencent Music regarding the Loan shall be subject to the “Loan Agreement” re-signed by the Transferee and Tencent Music on March 10, 2021.

2.	Tencent Music, as the creditor of the Loan, agrees the assignment of the debt under Article 1 hereof.

3.	This agreement shall come into force automatically upon the effective date of the Share Transfer Agreement.