NetEase Cloud Music Inc. (NetEase Music) disclosed that it bought back 119,100 ordinary shares on 21 April 2026 through on-market transactions on the Hong Kong Stock Exchange. The repurchase price ranged from HKD 125.10 to HKD 127.80 per share, with a volume-weighted average of HKD 125.93, bringing the total cash outlay to HKD 15.00 million.

Following the transaction, the company’s issued share capital (excluding treasury shares) declined by 0.06 % to 212.94 million shares, while treasury shares increased to 4.97 million. Total issued shares remained unchanged at 217.92 million.

The buyback represents the utilisation of 0.55 % of NetEase Music’s outstanding shares at the previous day’s balance and lifts treasury holdings to approximately 2.28 % of the company’s total share count.

The repurchase forms part of the mandate approved on 25 June 2025, which authorises the company to repurchase up to 21.74 million shares. Cumulative buybacks under this mandate now stand at 4.64 million shares, equivalent to 2.14 % of the shares outstanding on the mandate date. In line with Hong Kong Listing Rules, NetEase Music is restricted from issuing new shares or disposing of treasury shares until 21 May 2026.