Hong Kong, 10 March 2026 – NetEase Cloud Music Inc. (stock code: 09899) reported two equity movements on 10 March 2026:

1. Share repurchase • Shares repurchased and retained as treasury stock: 98,850 • Average repurchase price: HK$151.74 per share (trading range: HK$148.20–HK$153.40) • Cash outlay: HK$15.00 million • Proportion of pre-event issued shares (ex-treasury): 0.0457% • Shares repurchased under the current mandate: 1,560,850, representing 0.72% of the 217.40 million shares authorised for buyback at the 25 June 2025 AGM. • 30-day moratorium on new share issues or treasury share sales lasts until 9 April 2026.

2. New shares issued under Pre-IPO Share Incentive Scheme • Shares issued on option exercise: 1,075 • Issue price: HK$85.80 per share • Proportion of pre-event issued shares (ex-treasury): 0.0005%

Post-transaction share capital • Issued shares (excluding treasury): 216.02 million • Treasury shares on hand: 1.89 million • Total issued shares (including treasury): 217.91 million

The board confirmed that all transactions complied with Hong Kong Stock Exchange listing rules and that requisite approvals and filings have been completed.