NetEase Music (NetEase Cloud Music Inc.; HKEX: 09899) disclosed its Monthly Return for April 2026, highlighting an active share-buyback program that reduced its issued share count and increased treasury stock while leaving authorised capital unchanged.

Authorised and issued share capital • Authorised capital held steady at 1.00 billion ordinary shares with a par value of USD 0.0001 each, equivalent to total authorised capital of USD 0.10 million. • Issued shares (excluding treasury stock) fell by 2.30 million to 212.06 million, a 1.07% month-on-month contraction. Treasury shares rose by the same amount to 5.86 million, keeping total issued shares unchanged at 217.92 million. • The company confirmed compliance with the Hong Kong Stock Exchange’s 25% minimum public-float requirement.

April 2026 share repurchases NetEase Music executed 19 on-market buybacks between 1 April and 30 April 2026 under the mandate approved on 25 June 2025: • Shares repurchased: 2.30 million • Price range: HK$116.03 – HK$135.05 per share • Indicative average repurchase price: roughly HK$124.11 per share • Aggregate consideration: about HK$285.45 million

The repurchased shares were retained as treasury stock, mirroring the decline in outstanding shares.

Equity incentive schemes • Pre-IPO Share Incentive Scheme: 640,610 share options remained outstanding; no new shares were issued and no treasury shares were transferred under this scheme during the month. Outstanding unsettled RSUs under the scheme total 14,720 shares. • 2022 RSU Plan: 2.04 million RSUs were outstanding at month-end, all to be settled with existing shares. The plan authorises issuance of up to 10.46 million new shares, though none were issued in April.

Capital structure at 30 April 2026 • Authorised shares: 1.00 billion • Total issued shares: 217.92 million – Outstanding (non-treasury): 212.06 million – Treasury: 5.86 million

No warrants, convertible securities, or other equity-linked instruments were outstanding or exercised during the month.

Compliance statement The company affirmed that all share movements were duly authorised, executed in accordance with Hong Kong listing rules, and did not impair the requisite public float.