NetEase Cloud Music (09899) released a Next Day Disclosure Return dated 25 February 2026, announcing a repurchase of 93,650 ordinary shares on the Hong Kong Stock Exchange. The highest repurchase price reached HKD 162.40 per share, while the lowest price was HKD 158.10 per share. The aggregate amount paid on the trading day was HKD 15.00 million (rounded to two decimal places), and the volume-weighted average repurchase price was HKD 160.16.

Before the repurchase, the listed issuer held 217.01 million issued shares (excluding treasury shares) and 0.89 million treasury shares. After completion, the number of issued shares (excluding treasury shares) stood at 216.92 million, with treasury shares rising to 0.98 million. The total issued share count remained 217.90 million, including treasury shares.

According to the announcement, the share repurchase was conducted under a repurchase mandate authorized on 25 June 2025, which permits up to 21.74 million shares to be repurchased. As of 25 February 2026, 653,200 shares in total have been repurchased under this mandate, representing approximately 0.30% of the issued shares (excluding treasury shares) as at the date of the resolution.

The document also states that there is a moratorium period until 27 March 2026, during which no new share issuance, or sale or transfer of treasury shares, may take place without prior approval from the Stock Exchange.