NetEase Cloud Music Inc. (09899) Announces November 2025 Equity Movements

Bulletin Express12-02

NetEase Cloud Music Inc. (09899) disclosed its monthly equity movements for November 2025. Authorized share capital remained at 1,000,000,000 ordinary shares, with a par value of USD 0.0001 each, totaling USD 100,000.

At the close of November 2025, issued ordinary shares (excluding treasury shares) reached 217,546,173, an increase of 10,600 shares compared to the prior month. Treasury shares remained at 331,550, bringing total issued shares to 217,877,723.

The new shares arose from the exercise of options under the Pre-IPO Share Incentive Scheme, raising HKD 909,480. Restricted share units equivalent to 122,053 shares remained outstanding under the Pre-IPO Share Incentive Scheme, while the 2022 RSU Plan had 2,057,565 outstanding units. According to the announcement, the 2022 RSU Plan may issue up to 10,462,280 new shares.

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