NetEase Cloud Music Inc. (09899) disclosed recent adjustments to its share structure as of February 27, 2026. The company repurchased 0.10 million shares at an average price of HKD 154.36, with the highest repurchase price at HKD 158.00 and the lowest at HKD 151.20, amounting to HKD 15.00 million in total. These shares were added to treasury, bringing the count of treasury shares from 1.08 million to 1.18 million.

On the same day, 1,000 new shares were issued at HKD 85.80 under the Pre-IPO Share Incentive Scheme. Consequently, the number of outstanding shares (excluding treasury) stood at 216.73 million, while the total share capital reached 217.90 million. According to the filing, the repurchase falls under a mandate granted on June 25, 2025, which authorized the repurchase of up to 21.74 million shares. As of the date of this disclosure, 0.85 million shares in total have been repurchased under this mandate, representing 0.39% of the outstanding shares at the time of the authorization.