NetEase Music spends HK$15.00 million to buy back 126,100 shares, treasury stock rises to 5.47 million

Bulletin Express04-27

NetEase Cloud Music Inc. (NetEase Music) reported that on 27 April 2026 it repurchased 126,100 ordinary shares on the Hong Kong Stock Exchange, paying between HK$117.90 and HK$119.70 per share at an average cost of HK$118.94. The transaction totaled HK$15.00 million and represented 0.0593 % of the company’s outstanding shares (excluding treasury shares) before the buyback.

Following the transaction, issued shares outstanding (excluding treasury shares) decreased from 212.57 million to 212.44 million, while treasury shares increased to 5.47 million. Total issued shares remained unchanged at 217.92 million.

The repurchase falls under a mandate approved on 25 June 2025 that authorises the company to repurchase up to 21.74 million shares. Cumulative repurchases since then now stand at 5.14 million shares, equivalent to 2.36 % of the share base on the mandate date. Under Hong Kong listing rules, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 27 May 2026.

The board confirmed that the repurchase was executed in accordance with all applicable listing rules and regulatory requirements.

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