NetEase Cloud Music Inc. reported decisive shareholder backing at its 23 June 2026 annual general meeting, with every item on the seven-point agenda comfortably approved by poll.
• Financial Statements Endorsed The audited consolidated results for the year ended 31 December 2025 were adopted with 143.97 million votes in favour (99.99%) against 0.02 million votes opposed.
• Board Composition Ratified – Executive director Yong Li was re-elected with 99.94% support. – Independent non-executive directors Ying Kit Caleb Lo and Zhong Xu secured 96.26% and 97.73% approval, respectively. – The board was authorised to determine directors’ remuneration with 99.97% backing.
• Auditor Re-appointment PricewaterhouseCoopers will remain external auditor; 140.53 million votes (97.60%) favoured the appointment, with 3.45 million votes (2.40%) against.
• Capital Management Mandates – Share repurchase mandate: directors may buy back up to 10% of issued shares; passed unanimously with 143.98 million votes. – Issuance mandate: authority to issue, allot or transfer treasury shares up to 20% of issued capital gained 92.68% support (133.45 million votes). – Extension mandate: permission to extend the issue mandate by the number of shares repurchased also cleared with 92.72% approval.
• Constitutional Update Shareholders endorsed amendments leading to the Twelfth Amended and Restated Memorandum and Articles of Association, securing 99.31% support, well above the 75% threshold for a special resolution.
Participation Metrics A total of 210.33 million shares were eligible to vote; approximately 68% of them—representing 143.98 million shares—were cast on the headline resolutions. No shareholders were required to abstain, and there were no votes lodged against the share-buyback proposal.
Governance Notes All directors, including Chairman William Lei Ding, attended the meeting, and Computershare Hong Kong Investor Services Limited acted as scrutineer.
The strong voting margins reaffirm shareholder confidence in NetEase Cloud Music’s board, governance framework, and capital management strategy ahead of the company’s next phase of development.