NetEase Cloud Music Inc. (stock abbreviation: NetEase Music, 09899.HK) submitted a Next Day Disclosure Return detailing changes to its share capital on 12 March 2026.

The company bought back 102,200 ordinary shares on the Hong Kong Stock Exchange at prices between HKD 143.80 and HKD 151.60, spending a total of HKD 15.00 million. The transaction represents 0.04733% of the outstanding shares and the repurchased stock has been retained in treasury.

Simultaneously, 243 new shares were issued upon option exercise under the Pre-IPO Share Incentive Scheme at HKD 85.80 apiece, a dilution of just 0.00011%.

Post-transaction, the number of issued shares excluding treasury shares fell from 215.92 million to 215.82 million. Treasury shares increased to 2.09 million, bringing total issued share capital to 217.91 million.

Under the share-repurchase mandate granted on 25 June 2025, NetEase Music is authorised to buy back up to 21.74 million shares. Including the latest transaction, 1.76 million shares—about 0.81% of the shares outstanding on the mandate date—have been repurchased to date.

Pursuant to Main Board Rule 10.06(3)(a), a moratorium on new share issues or the sale of treasury shares is in effect until 11 April 2026. The company confirmed that all repurchase activities complied with Hong Kong listing regulations.