Exhibit 99.2

KUKE MUSIC HOLDING LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(In thousands)

	As of December 31, 2022		As of June 30, 2023		As of June 30, 2023
	RMB		RMB		USD
NON-CURRENT ASSETS
Property, plant and equipment		9,110		7,814		1,078
Intangible assets		66,212		163,849		22,596
Right-of-use assets		7,149		5,221		720
Goodwill		764		764		105
Prepayments, other receivables and other assets		110,236		5,255		725
Deferred tax assets		-		-		-
Equity investment at fair value through profit or loss		-		-		-
Total non-current assets		193,471		182,903		25,224
CURRENT ASSETS
Inventories		778		3,959		546
Trade receivables		9,279		31,797		4,385
Prepayments, other receivables and other assets		35,311		38,148		5,261
Net investments in subleases		-		-		-
Due from related parties		2,377		2,454		338
Due from shareholders		99		-		-
Cash and cash equivalents		5,425		2,989		412
Total current assets		53,269		79,347		10,942
Total assets		246,740		262,250		36,166
EQUITY
Issued capital		194		194		27
Reserves		58,266		69,669		9,608
Equity attributable to equity holders of the parent		58,460		69,863		9,635
Non-controlling interests		2,328		3,743		516
Total equity		60,788		73,606		10,151
NON-CURRENT LIABILITIES
Interest-bearing loans and borrowings		-		-		-
Contract liabilities		415		272		38
Deferred tax liabilities		-		-		-
Lease liabilities		4,650		3,491		481
Total non-current liabilities		5,065		3,763		519
CURRENT LIABILITIES
Trade payables		35,012		36,356		5,014
Other payables and accruals		50,651		84,685		11,677
Contract liabilities		20,688		12,259		1,691
Due to a shareholder		325		325		45
Interest-bearing loans and borrowings		69,045		48,614		6,704
Leased liabilities		4,123		1,579		218
Income tax payable		1,043		1,063		147
Total current liabilities		180,887		184,881		25,496
Total liabilities		185,952		188,644		26,015
Total equity and liabilities		246,740		262,250		36,166

1

KUKE MUSIC HOLDING LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND

UNAUDITED OTHER COMPREHENSIVE INCOME

(In thousands, except for per share data)

	For the six months ended June 30
	2022			2023			2023
	RMB			RMB			USD
Revenue		80,514			62,131			8,568
Subscription and licensing		38,394			41,280			5,693
Licensing		30,111			33,473			4,616
Subscription		8,283			7,807			1,077
Smart music learning solutions		15,903			17,504			2,413
Smart music learning solutions sales		5,256			17,241			2,377
Smart music learning solutions subscription		10,647			263			36
Live music events		25,709			3,347			462
One-time disposal of obsolete inventory		508			-			-
Cost of Goods Sold		(51,418	)		(20,103	)		(2,772	)
Gross profit		29,096			42,028			5,796
Other income, net		6,537			2,923			403
Selling and distribution expenses		(14,325	)		(13,909	)		(1,918	)
Administrative expenses		(44,029	)		(17,510	)		(2,415	)
Impairment losses on financial assets, net		(8,836	)		(1,806	)		(249	)
Other operating expenses		(679	)		(100	)		(14	)
Operating (loss)/profit		(32,236	)		11,626			1,603
Share of losses of a joint venture		-			-			-
Finance costs		(2,295	)		(2,666	)		(368	)
Finance income		20			6			1
(Loss)/profit before tax		34,511			8,966			1,236
Income tax expense		(2,899	)		-			-
(Loss)/profit for the period/year and total comprehensive (loss)/income for the period/year		(31,612	)		8,966			1,236
Attributable to:
Equity holders of the parent		(31,021	)		7,551			1,041
Non-controlling interests		591			(1,415	)		(195	)
(Loss)Earnings per share for class A and class B ordinary shares attributable to ordinary equity holders of the parent
Basic		(1.05	)		0.25			0.04
Diluted		(1.05	)		0.25			0.04

2

KUKE MUSIC HOLDING LIMITED

RECONCILIATIONS OF NON-IFRS MEASURES TO THE MOST COMPARABLE IFRS MEASURES

(In thousands)

	For the six months ended June 30
	2022			2023			2023
	RMB			RMB			USD
(Loss)/profit for the period/year and total comprehensive (loss)/income for the period/year		(31,612	)		8,966			1,236
Adjustments:
Amortization and Depreciation		18,101			9,568			1,319
Share-based compensation		7,265			2,196			303
Impairment losses on financial assets, net		8,836			1,806			249
Income tax effects		(2,828	)		(1,410	)		(194	)
Non-IFRS Profit/(loss)		(238	)		21,126			2,913

3

KUKE MUSIC HOLDING LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND

UNAUDITED OTHER COMPREHENSIVE INCOME

(In thousands, except for per share data)

	For the three months ended June 30
	2022			2023			2023
	RMB			RMB			USD
Revenue		54,441			52,204			7,199
Subscription and licensing		33,943			36,199			4,992
Licensing		29,070			32,141			4,432
Subscription		4,873			4,058			560
Smart music learning solutions		8,471			16,005			2,207
Smart music learning solutions sales		4,115			15,904			2,193
Smart music learning solutions subscription		4,356			101			14
Live music events		11,921			-			-
One-time disposal of obsolete inventory		106			-			-
Cost of goods sold		(25,540	)		(10,371	)		(1,430	)
Gross profit		28,901			41,833			5,769
Other income, net		3,315			1,196			165
Selling and distribution expenses		(5,988	)		(7,601	)		(1,048	)
Administrative expenses		(19,346	)		(10,310	)		(1,422	)
Impairment losses on financial assets, net		(2,203	)		(1,391	)		(192	)
Other operating expenses		(300	)		(32	)		(4	)
Operating (loss)/profit		(4,379	)		23,695			(3,268	)
Share of losses of a joint venture		-			-			-
Finance costs		(1,216	)		(1,345	)		(185	)
Finance income		8			4			1
(Loss)/profit before tax		3,171			22,354			3,084
Income tax expense		(195	)		-			-
(Loss)/profit for the period/year and total comprehensive (loss)/income for the period/year		3,366			22,354			3,084
Attributable to:
Equity holders of the parent		3,757			20,307			2,800
Non-controlling interests		(391	)		2,046			282
(Loss)Earnings per share for class A and class B ordinary shares attributable to ordinary equity holders of the parent
Basic		0.13			0.69			0.09
Diluted		0.13			0.69			0.09

4

KUKE MUSIC HOLDING LIMITED

RECONCILIATIONS OF NON-IFRS MEASURES TO THE MOST COMPARABLE IFRS MEASURES

(In thousands)

	For the three months ended June 30,
	2022			2023			2023
	RMB			RMB			USD
(Loss)/profit for the period/year and total comprehensive (loss)/income for the period/year		3,366			22,353			3,083
Adjustments:
Amortization and Depreciation		9,058			4,850			669
Share-based compensation		3,652			1,104			152
Impairment losses on financial assets, net		2,203			1,391			192
Income tax effects		(1,412	)		(715	)		(99	)
Non-IFRS Profit/(loss)		16,867			28,983			3,997

5