On 04 March 2026, NETEASE MUSIC (09899) repurchased 103,000 ordinary shares on the Hong Kong Stock Exchange at prices ranging between HKD 143.00 and HKD 148.10 per share, for a total consideration of HKD 14.99 million. This represented approximately 0.05% of the company’s issued shares (excluding treasury shares) prior to the transaction.

Following this repurchase, the number of treasury shares increased from 1.38 million to 1.48 million. The total issued shares remained at 217.91 million, while the number of issued shares excluding treasury shares decreased from 216.52 million to 216.42 million.

According to the company’s disclosure, the repurchase followed a mandate dated 25 June 2025 that authorized repurchases of up to 21.74 million shares, with 1.15 million shares repurchased to date under that mandate. The company also disclosed a moratorium period extending to 03 April 2026, during which no new share issuances or sales or transfers of treasury shares will occur without prior regulatory approval.