NetEase Cloud Music Inc. (NetEase Music) disclosed that on 26 May 2026 it repurchased 125,850 ordinary shares on the Hong Kong Stock Exchange, deploying HKD 14.99 million at prices ranging from HKD 113.70 to HKD 121.30 per share. The volume-weighted average repurchase price was HKD 119.19. The shares were retained as treasury stock.

Following the transaction, the company’s treasury share balance increased to 7.26 million shares, while the number of issued shares outstanding (excluding treasury stock) fell by 0.06 % to 210.66 million.

On the same day, NetEase Music also allotted 2,000 new ordinary shares upon exercise of options granted under its Pre-IPO Share Incentive Scheme at an exercise price of HKD 85.80 per share. This issuance lifted total issued shares (including treasury shares) to 217.92 million, marginally higher than the 217.92 million reported on 22 May 2026.

Since receiving its share-repurchase mandate on 25 June 2025, the company has bought back 6.93 million shares, equivalent to 3.19 % of the issued share capital as of the mandate date. The current authorisation permits repurchases of up to 21.74 million shares.

Under Hong Kong listing regulations, NetEase Music is subject to a moratorium on new share issues or treasury-share sales until 25 June 2026, unless prior approval is obtained from the Exchange.