NetEase Music (09899) spends HKD 15.00 million to repurchase 111,100 shares, treasury stock rises to 2.51 million

Bulletin Express03-18

NetEase Cloud Music Inc. disclosed a Next Day Disclosure Return on 18 March 2026, reporting an on-market share repurchase executed the same day.

The company bought back 111,100 ordinary shares on the Hong Kong Stock Exchange at prices between HKD 132.60 and HKD 140.00 per share, equivalent to a volume-weighted average of HKD 134.97. Total consideration amounted to HKD 14.99 million. The transaction represented 0.0516% of the company’s issued share capital (excluding treasury shares) prior to the buyback.

Post-transaction, issued shares outstanding (excluding treasury shares) decreased to 215.40 million, while treasury shares increased to 2.51 million. Total issued shares, including treasury stock, remain unchanged at 217.91 million.

Under the repurchase mandate approved on 25 June 2025, NetEase Music is authorized to buy back up to 21.74 million shares. Including the latest transaction, 2.18 million shares—equal to 1.00% of the shares outstanding on the mandate date—have been repurchased.

Pursuant to Hong Kong listing rules, a 30-day moratorium on new share issues or the sale/transfer of treasury shares applies until 17 April 2026.

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