On 20 March 2026, NetEase Cloud Music filed a Next Day Disclosure Return with the Hong Kong Stock Exchange detailing simultaneous share repurchase and option-exercise transactions that marginally reduced its outstanding share count.

The company bought back 115,100 ordinary shares on-market at prices ranging from HK$126.90 to HK$136.00, for a volume-weighted average cost of HK$130.28 per share. The aggregate consideration was approximately HK$14.99 million. All repurchased shares have been retained as treasury stock.

Concurrently, 750 new ordinary shares were issued at HK$85.80 per share upon the exercise of employee options granted under the Pre-IPO Share Incentive Scheme.

Adjusting for both movements, the number of issued shares (excluding treasury shares) fell by 114,350 shares, or 0.05%, to 215.17 million. Treasury shares increased to 2.74 million, lifting the total issued share count marginally to 217.91 million.

Since the current buyback mandate was approved on 25 June 2025, NetEase Cloud Music has repurchased 2.41 million shares, representing 1.11% of the shares outstanding on the mandate date. The company remains within its authorised limit of 21.74 million shares for repurchase. A 30-day moratorium on new share issues or treasury share sales is in effect until 19 April 2026.