NetEase, Inc. (NTES) disclosed small-scale movements in its share capital in a Next Day Disclosure Return filed on 28 September 2026 with the Hong Kong Stock Exchange.

On 1 September 2026, the company transferred 416,865 treasury shares to employees upon vesting of awards granted under the 2019 Share Incentive Plan. The transfer equated to 0.013 % of the 3.20 billion issued shares outstanding (excluding treasury shares) before the transaction and was executed at a book value of US$0 per share, as the shares were already held in treasury.

Subsequently, on 25 September 2026, NetEase repurchased 15,695 ordinary shares on NASDAQ. The shares were acquired at prices ranging from US$22.90 to US$22.998, producing a volume-weighted average cost of US$22.9784 and an aggregate consideration of US$0.36 million. All repurchased shares are retained as treasury stock.

Post-transactions, the number of issued shares (excluding treasury shares) in circulation edged up to 3.20 billion, while treasury shares decreased to 10.40 million. The total issued share count remained unchanged at 3.21 billion, as repurchased shares have not been cancelled. An additional 7.51 million ordinary shares are earmarked for future issuance under existing incentive schemes.

The buyback falls under the authority granted by shareholders on 23 June 2026, which permits repurchases of up to 320.13 million shares. The 15,695 shares bought represent approximately 0.0005 % of that mandate. Under Hong Kong listing rules, NetEase is restricted from issuing, selling, or transferring additional treasury shares until 25 October 2026.