NetEase Music (HKEX: 09899) executed an on-market share repurchase on 10 April 2026, buying back 119,600 ordinary shares.

The transaction was carried out within a price range of HK$124.20 to HK$128.50 per share, resulting in a volume-weighted average cost of approximately HK$125.42 per share and a total consideration of HK$15.00 million. All repurchased shares have been retained as treasury stock.

Following the buyback, the company’s outstanding share count (excluding treasury shares) decreased by 0.06% to 213.78 million. Treasury shares climbed to 4.13 million, while total issued shares remained unchanged at 217.92 million.

The repurchase falls under the mandate approved on 25 June 2025, which authorises the company to buy back up to 21.74 million shares. Cumulative repurchases under this mandate now stand at 3.80 million shares, representing 1.75% of the issued share base on the mandate’s approval date.

Under Hong Kong listing rules, NetEase Music is restricted from issuing new shares or disposing of treasury shares until 10 May 2026. The company confirmed that all regulatory requirements and listing rules were observed during the transaction.