NetEase Cloud Music Inc. has announced the grant of Awards under its 2022 Restricted Share Unit Plan as part of a new compensation agreement for eligible participants. On May 22, 2025, the company granted a total of 14,173 Awards to nine individual Employee Participants. Each Award entitles the holder to one Share, with a closing price of HK$206.60 per Share on the grant date. The Awards will vest over a three-year period starting June 1, 2025, with no purchase price required upon vesting. The vesting of these Awards is contingent on the Grantees meeting specific performance targets in their annual appraisals, and a clawback mechanism is in place for any misconduct.
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