NetEase Music repurchases HKD 15.00 million of shares, boosting treasury stock to 4.86 million units

Bulletin Express04-20 21:22

NetEase Cloud Music Inc. (NetEase Music) disclosed that on 20 April 2026 it bought back 118,850 ordinary shares on the Hong Kong Stock Exchange for HKD 14.99 million. The on-market repurchases were executed within a price range of HKD 124.50 to HKD 127.20 per share, translating to a volume-weighted average cost of HKD 126.17.

After the transaction, issued shares outstanding (excluding treasury shares) fell 0.06% to 213.06 million, while treasury shares increased to 4.86 million. The company’s total issued share count remains unchanged at 217.92 million.

The latest buyback forms part of a mandate approved on 25 June 2025 that authorises NetEase Music to repurchase up to 21.74 million shares. Cumulative repurchases under this mandate now total 4.52 million shares, equivalent to 2.08% of the share base at the mandate date.

In accordance with Hong Kong Listing Rules, NetEase Music is restricted from issuing, selling or transferring treasury shares for 30 days following the repurchase, setting a moratorium period through 20 May 2026.

The company confirmed that all repurchase activities adhered to relevant regulatory requirements and board authorisations.

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