NETEASE-S(09999.HK): To Become Dual-Primary Listed on HKEX Effective 30 June
NewTimeSpace News: NetEase, Inc. (09999.HK) announced that the Company has elected to become a dual-primary listed issuer on The Stock Exchange of Hong Kong Limited with effect from 30 June 2026, and the stock marker “S” will be removed from its stock short name simultaneously. The Exchange previously determined that the majority of trading in the Company’s listed securities has permanently migrated to the Hong Kong market. The Company has obtained waivers from the Exchange in respect of the adoption of U.S. GAAP, continuing connected transactions under contractual arrangements and the calculation of the minimum exercise price for share options.
NewTimeSpace News: NetEase, Inc. (09999.HK) released an announcement on 25 June 2026 disclosing the latest progress in respect of the trading migration notice under Listing Rule 19C.13 of the HKEX Listing Rules.
As disclosed in the announcement, the Exchange previously determined that the majority of trading in the Company’s listed securities has permanently migrated to HKEX’s market. The Company has elected to become a dual-primary listed issuer on HKEX effective 30 June 2026, and the stock marker “S” will be deleted from its stock short name on the same date.
Upon the effective date, all automatic waivers applicable to secondary listed issuers will cease to apply, and the Company shall fully comply with all relevant Listing Rules governing dual-primary listed issuers.
The Exchange has granted the Company waivers covering the following matters:Preparation of financial statements in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP);Requirements for announcements, independent shareholders’ approval, annual caps and fixed term restrictions in respect of continuing connected transactions under contractual arrangements;The calculation methodology for the minimum exercise price of share options granted under the Second Amended and Restated 2019 Share Incentive Plan, which is based on the closing price of the Company’s American Depositary Shares on Nasdaq.
Separately, Ms. Lai Tin Yan and Ms. Li Jingwen have been appointed as joint company secretaries of the Company, with the appointment taking effect on the effective date of the Hong Kong primary listing conversion.
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