NetEase Cloud Music (HKEX: 09899) disclosed changes to its share capital as of 27 May 2026 in a Next Day Disclosure Return filed with the Hong Kong Stock Exchange.

Share Repurchase • On 27 May 2026 the company bought back 123,000 ordinary shares on-market at prices ranging from HKD 119.20 to HKD 123.80, for a total consideration of HKD 14.99 million. • The repurchased shares, equivalent to 0.06% of the company’s outstanding shares before the transaction, have been retained as treasury shares. • Since receiving a repurchase mandate on 25 June 2025, NetEase Cloud Music has repurchased 7.05 million shares, representing 3.24% of the share count at the mandate date. The company remains authorised to repurchase up to 21.74 million shares. • A 30-day moratorium on new share issues or treasury-share sales is in effect until 26 June 2026.

Share Issuance under Pre-IPO Scheme • Also on 27 May 2026, 750 new ordinary shares were issued upon exercise of employee stock options granted under the Pre-IPO Share Incentive Scheme at HKD 85.80 per share. The incremental issuance represents 0.0004% of the outstanding shares prior to the event.

Updated Share Capital Structure (27 May 2026) • Issued shares (excluding treasury shares): 210.54 million • Treasury shares: 7.38 million • Total issued shares: 217.92 million

Governance Confirmation The board affirmed that all transactions were duly authorised and executed in compliance with Hong Kong listing rules and relevant regulations.