BEIJING, June 11, 2018 /PRNewswire/ -- NetEase, Inc. (NASDAQ:
NTES) ("NetEase" or the "Company"), one of China's leading internet and online game services
providers, today announced that its board of directors approved an amendment to its share repurchase program on June 11, 2018 authorizing the repurchase of up to an additional US$1.0 billion of
the Company's outstanding American Depositary Shares (ADSs). This expands the $1.0 billion
repurchase program that was approved on November 15, 2017 for a period not to exceed 12 months,
bringing the total authorized repurchase amount to US$2.0 billion.
Under the terms of the approved program, NetEase may repurchase its issued and outstanding ADSs in open-market transactions on
the NASDAQ Global Select Market. The timing and dollar amount of repurchase transactions will be subject to the Securities
and Exchange Commission (SEC) Rule 10b-18 requirements. It is also expected that such
repurchases will be effected pursuant to a plan in conformity with SEC Rule 10b5-1. The extent to which NetEase repurchases
its ADSs will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate
considerations, as determined by NetEase's management team. The repurchase program may be suspended or discontinued at any
time. NetEase plans to fund repurchases made under this program from available working capital.
About NetEase, Inc.
NetEase, Inc. (NASDAQ: NTES) is a leading internet technology company in China. Dedicated to providing
online services centered around content, community, communication and commerce, NetEase develops and operates some of
China's most popular PC-client and mobile games, e-commerce businesses, advertising services and
e-mail services. In partnership with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers,
NetEase also operates some of the most popular international online games in China . For
more information, please visit: http://ir.netease.com/.
Forward Looking Statements
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements
by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar
statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could
cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the
share repurchase program will not increase shareholder value; and other risks outlined in NetEase's filings with the Securities
and Exchange Commission. NetEase does not undertake any obligation to update this forward-looking information, except as
required under applicable law.
Contact for Media and Investors:
Margaret Shi
NetEase, Inc.
ir@service.netease.com
Tel: (+86) 571-8985-2955
Brandi Piacente
Investor Relations
brandi@corp.netease.com
Tel: (+1) 212-481-2050
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SOURCE NetEase, Inc.