• Netease Cloud Music granted 14,205 restricted share unit Awards under its 2022 plan on May 28, 2026, to two employee participants.
• Shares closed at HKD 119.6 on the grant date; vesting starts June 1, 2026, over three years in equal tranches.
• Vesting depends on meeting performance appraisal thresholds in the year before each vesting date; purchase price on vesting set at nil.
• A clawback allows forfeiture of unvested Awards; the company can seek return of vested shares or value in shares, cash, or both.
• Grants will be settled with existing shares; 10,462,280 new shares remain available for future grants under the plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netease Cloud Music Inc. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260528-12175071), on May 28, 2026, and is solely responsible for the information contained therein.