NetEase Cloud Music Inc. completed an on-exchange repurchase of 120,250 ordinary shares on 17 April 2026. The transaction, conducted under the company’s existing buyback mandate granted on 25 June 2025, was executed within a price band of HKD 124.20 to HKD 127.80 per share, translating to a volume-weighted average cost of HKD 124.69 and an aggregate consideration of HKD 14.99 million.

Following the purchase, the company’s treasury stock increased from 4.62 million to 4.74 million shares. The total number of issued shares remains at 217.92 million, of which 213.18 million are outstanding after deducting treasury shares. The incremental buyback represents 0.056% of the company’s outstanding share capital prior to the transaction.

Since receiving shareholder approval, NetEase Cloud Music has repurchased 4.40 million shares, equivalent to 2.03% of the outstanding shares on the mandate’s reference date. The company is authorised to repurchase up to 21.74 million shares under the current mandate and is restricted from issuing new shares or disposing of treasury stock until 17 May 2026.