NetEase Cloud Music Repurchases 122,000 Shares; Treasury Stock Rises to 6.77 Million

Bulletin Express

May 13

NetEase Cloud Music announced that on 13 May 2026 it repurchased 122,000 ordinary shares on the Hong Kong Stock Exchange. The on-market transactions were executed at prices between HKD 119.70 and HKD 125.30, for a volume-weighted average cost of HKD 122.90 per share, bringing total cash outlay to HKD 14.99 million.

Following the buyback, issued share capital remains at 217.92 million shares, of which 211.14 million are outstanding and 6.77 million are held as treasury stock. The latest purchase represents 0.06 % of the company’s issued shares (excluding treasury shares) prior to the transaction.

The repurchase formed part of the mandate approved on 25 June 2025, which authorises NetEase Cloud Music to buy back up to 21.74 million shares. Cumulative repurchases under this mandate now stand at 6.44 million shares, equivalent to 2.96 % of the share base at the mandate date.

In accordance with Hong Kong listing rules, the company is restricted from issuing new shares or disposing of treasury shares until 12 June 2026.

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