On 24 April 2026, NetEase Cloud Music reported a share buyback of 126,900 ordinary shares on the Hong Kong Stock Exchange, executed at prices between HK$116.10 and HK$119.20 per share. The volume-weighted average repurchase price was HK$118.19, bringing the total consideration to HK$15.00 million.

Following the transaction, the company’s issued share capital (excluding treasury shares) decreased from 212.70 million to 212.57 million shares, a reduction of 0.06%. Treasury shares rose from 5.22 million to 5.35 million, while the total number of shares in issue remained unchanged at 217.92 million.

The buyback forms part of the mandate granted on 25 June 2025, which authorises the repurchase of up to 21.74 million shares. Cumulative repurchases under this mandate now stand at 5.01 million shares, representing 2.31% of the company’s issued shares as of the mandate date.

Under Hong Kong listing rules, NetEase Cloud Music is subject to a moratorium on new share issues or sales of treasury shares until 24 May 2026.