NetEase Cloud Music Inc. (09899) Announces Share Repurchase and New Share Issue

Bulletin Express02-24

NetEase Cloud Music Inc. (09899) disclosed changes in its share capital as of 24 February 2026. The total number of ordinary shares excluding treasury shares shifted from 217.11 million to 217.01 million, while treasury shares rose from 0.80 million to 0.89 million. Consequently, the total number of issued shares (including treasury shares) stood at 217.90 million.

On 24 February 2026, the company repurchased approximately 0.09 million shares on the Hong Kong Stock Exchange at a volume-weighted average price of HKD 160.08. The highest and lowest repurchase prices were HKD 162.30 and HKD 156.80 respectively, resulting in an aggregate consideration of HKD 15.00 million. Simultaneously, around 0.00 million new shares were issued at HKD 85.80 pursuant to the exercise of options under the Pre-IPO Share Incentive Scheme.

NetEase Cloud Music Inc. reported that it remains authorized to repurchase up to 21.74 million shares, following a resolution passed on 25 June 2025. By 24 February 2026, the total number of shares repurchased stood at 0.56 million, representing about 0.26% of the company’s issued shares at the time the mandate was granted. According to the announcement, a moratorium period on new share issuance or treasury share transactions is in place until 26 March 2026.

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