NetEase Cloud Music Inc. said it granted 668,973 restricted share unit awards under its 2022 Plan on 2 March 2026, to 379 employee participants (649,127 awards) and five related-entity participants (19,846 awards). The awards have a nil purchase price on vesting and vest evenly over a three-year period starting 1 March 2026, subject to meeting specified performance appraisal thresholds in the year before each vesting date. The closing share price on the grant date was HK$148.00, and the company will satisfy vesting using existing shares, leaving 10,462,280 shares available for future grants under the plan.
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