NetEase Cloud Music Inc. (stock code: 09899) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 11 March 2026, detailing the latest movements in its share capital.

The company repurchased 99,650 ordinary shares on 11 March 2026 via on-market transactions, paying between HK$149.10 and HK$153.40 per share. The volume-weighted average price was approximately HK$150.52, bringing the total cash outlay to HK$15.00 million. All repurchased shares were retained as treasury stock.

Since the current repurchase mandate was approved on 25 June 2025, NetEase Cloud Music has bought back 1,660,500 shares, representing 0.76% of the company’s issued shares (excluding treasury shares) as at the mandate date. The board is authorised to repurchase up to 21,739,953 shares under this mandate.

In parallel, 1,850 new shares were issued on 11 March 2026 following the exercise of options under the Pre-IPO Share Incentive Scheme at an exercise price of HK$85.80 per share. This allotment equates to 0.00086% of the company’s pre-event issued share base.

After incorporating both the buy-back and the option-related issuance, the number of issued shares (excluding treasury shares) decreased by 97,800 to 215.92 million, while treasury shares rose to 1.99 million. Total issued shares, including treasury stock, stood at 217.91 million as of 11 March 2026.

Under Hong Kong Listing Rules, the company is subject to a 30-day moratorium on announcing or conducting new share issues or treasury-share sales until 10 April 2026, except for permitted carve-outs such as employee share schemes.

The filing confirms that all transactions were duly authorised by the board and executed in compliance with Hong Kong listing regulations and applicable laws.