	26th Floor, Gloucester Tower
	The Landmark
	15 Queen’s Road Central
	Hong Kong

	Telephone: +852 3761 3300	David Zhang
	Facsimile: +852 3761 3301	To Call Writer Directly
	www.kirkland.com	+852 3761 3318
		david.zhang@kirkland.com

September 8, 2020

CONFIDENTIAL

Draft Registration Statement

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re: Kuke Music Holding Limited
Confidential Submission of Draft Registration Statement on Form F-1

Dear Sir or Madam:

On behalf of our client, Kuke Music Holding Limited (the “Company”), a foreign private issuer incorporated under the laws of the Cayman Islands, we are submitting the Company’s draft registration statement on Form F-1 (the “Draft Registration Statement”) relating to a proposed initial public offering in the United States of American Depositary Shares (“ADSs”), representing the Company’s ordinary shares, which have a par value of US$0.001 per share. The Draft Registration Statement is submitted via EDGAR to the Securities and Exchange Commission (the “Commission”) for confidential non-public review pursuant to the Jumpstart Our Business Startups Act (the “JOBS Act”). The Company confirms that it is an “Emerging Growth Company” as defined in the JOBS Act and its securities have not been previously sold pursuant to an effective registration statement under the Securities Act of 1933, as amended. The Company also confirms that it will publicly file the registration statement and the non-public draft registration statements previously submitted on a confidential basis at least 15 days prior to any road show in connection with the offering. A registration statement on Form F-6 relating to the ADSs will be filed with the Commission in due course.

The Company respectfully advises the Commission that it acquired 100% equity interest in Rosenkavalier Limited (“Rosenkavalier”) on February 29, 2020 (the “Acquisition”). As such, the Company has included in the Draft Registration Statement (i) the audited consolidated financial statements of the Company at December 31, 2019 and 2018, and January 1, 2018 and for each of the two years in the period ended December 31, 2019; (ii) the audited consolidated financial statements of Rosenkavalier at December 31, 2019 and 2018, and January 1, 2018 and for each of the two years in the period ended December 31, 2019; and (iii) the unaudited pro forma condensed combined financial information as of and for the year ended December 31, 2019 based on the Company’s historical consolidated financial statements and Rosenkavalier’s historical consolidated financial statements as adjusted to give effect to the Acquisition.

ADMITTED IN: 1 State of Illinois (U.S.A.); 2 Commonwealth of Massachusetts (U.S.A.); 3 State of New York (U.S.A.); 4 State of Texas (U.S.A.); 5 State of Wisconsin (U.S.A.); 6 England and Wales; # non-resident

Beijing Boston Chicago Dallas Houston London Los Angeles Munich New York Palo Alto Paris San Francisco Shanghai Washington, D.C.

If you have any questions regarding the Registration Statement, please contact me at david.zhang@kirkland.com, +852 3761 3318 (work) or +852 9124 8324 (cell), or Steve Lin at steve.lin@kirkland.com, + 86 10 5737 9315 (work) or +86 18610495593 (cell).

Thank you for your time and attention.

	Very truly yours,

	/s/ David T. Zhang
	David Zhang

Enclosure

c.c. He Yu, Chairman of the Board and Chief Executive Officer

Tony Chan, Chief Financial Officer

David Zhang, Esq., Partner, Kirkland & Ellis International LLP

Steve Lin, Esq., Partner, Kirkland & Ellis International LLP

Amanda Mi Tang, Esq., Partner, Kirkland & Ellis International LLP

Samuel Wong, Partner, Ernst & Young

James Lin, Esq., Partner, Davis Polk & Wardwell LLP