<SEC-DOCUMENT>0001104659-21-142680.txt : 20211123
<SEC-HEADER>0001104659-21-142680.hdr.sgml : 20211123
<ACCEPTANCE-DATETIME>20211122190851
ACCESSION NUMBER:		0001104659-21-142680
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20211123
FILED AS OF DATE:		20211123
DATE AS OF CHANGE:		20211122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NetEase, Inc.
		CENTRAL INDEX KEY:			0001110646
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30666
		FILM NUMBER:		211434180

	BUSINESS ADDRESS:	
		STREET 1:		NETEASE BUILDING, NO. 599 WANGSHANG RD
		STREET 2:		BINJIANG DISTRICT
		CITY:			HANGZHOU
		STATE:			F4
		ZIP:			310052
		BUSINESS PHONE:		86 571 8985-2070

	MAIL ADDRESS:	
		STREET 1:		NETEASE BUILDING, NO. 599 WANGSHANG RD
		STREET 2:		BINJIANG DISTRICT
		CITY:			HANGZHOU
		STATE:			F4
		ZIP:			310052

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETEASE.COM, INC.
		DATE OF NAME CHANGE:	20040719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETEASE COM INC
		DATE OF NAME CHANGE:	20000330
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2133518d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of November 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 000-30666</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NETEASE,&nbsp;INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NetEase Building, No. 599 Wangshang Road</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Binjiang District, Hangzhou, 310052</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&rsquo;s Republic of China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1):&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7):&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 10%; vertical-align: top"><A HREF="tm2133518d1_ex99-1.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;99.1</A></TD>
    <TD STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="tm2133518d1_ex99-1.htm" STYLE="-sec-extract: exhibit">Publication of the Prospectus Issued by Cloud Village Inc. and Expected Size of the Global Offering and Offer Price Range</A></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">NETEASE,&nbsp;INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Charles Zhaoxuan Yang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;Charles Zhaoxuan Yang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 44%">November 23, 2021</TD>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2133518d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" ALIGN="CENTER" STYLE="background-color: Silver; font-size: 10pt; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: top">
  <TD STYLE="border: Black 1pt solid; padding: 8pt 5.4pt; text-align: justify; font-size: 10pt"><FONT STYLE="font-size: 10pt">Hong Kong Exchanges and Clearing Limited and The Stock
Exchange of Hong Kong Limited (the &ldquo;Hong Kong Stock Exchange&rdquo;) take no responsibility for the contents of this announcement,
make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.<BR>
<BR>
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for
securities nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute and is not
an offer to sell or an invitation or a solicitation of any offer to buy or subscribe for any securities in Hong Kong, the United States
of America or elsewhere.<BR>
<BR>
NetEase, Inc. has not intended and does not intend to register any securities referred to in this announcement under the United States
Securities Act of 1933, as amended (the &ldquo;US Securities Act&rdquo;) and such securities may not be offered or sold in the United
States of America absent registration under the US Securities Act or an applicable exemption from the registration requirements under
the US Securities Act or any applicable state securities laws of the United States of America. Any public offering of securities in the
United States of America will be made by means of a prospectus or offering memorandum that may be obtained from the issuer or selling
security holder and that would contain detailed information regarding the issuer and its management, as well as financial statements.
NetEase, Inc. does not intend to register any part of the offering in the United States of America or to conduct a public offering of
securities in the United States of America.</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="tm2133518d1_ex99-1img01.jpg" ALT=""></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NetEase,&nbsp;Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Incorporated in the Cayman Islands with limited
liability)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Stock Code: 9999)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROPOSED SPIN-OFF AND SEPARATE LISTING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OF CLOUD VILLAGE INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ON THE MAIN BOARD OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE STOCK EXCHANGE OF HONG KONG LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PUBLICATION OF THE PROSPECTUS ISSUED </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BY CLOUD VILLAGE INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPECTED SIZE OF THE GLOBAL OFFERING AND </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OFFER PRICE RANGE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="border: Black 1pt solid; padding: 8pt 5.4pt; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Proposed Spin-off and the
Global Offering, Cloud Village Inc. (&ldquo;Cloud Village&rdquo;) published its prospectus on November 23, 2021 (the &ldquo;Prospectus&rdquo;).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">As
disclosed in the Prospectus, the total number of the Cloud Village Shares to be offered pursuant to the Global Offering will be 16,000,000,
representing approximately </FONT>7.70% of the total number of the Cloud Village Shares in issue immediately following the completion
of the Global Offering (assuming the Over-allotment Option is not exercised), and 18,400,000, representing approximately 8.76% of
the total number of Cloud Village Shares in issue immediately following the completion of the Global Offering (assuming the Over-allotment
Option is exercised in full).</P><B></B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>INTRODUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reference is made to the announcements of NetEase,
Inc. (the &ldquo;Company&rdquo;) dated May 26, 2021, August 1, 2021 and November 16, 2021 (the &ldquo;Announcements&rdquo;) in relation to the Proposed
Spin-off. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>PUBLICATION OF THE PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Proposed Spin-off and the
Global Offering, Cloud Village published the Prospectus on November 23, 2021. The Prospectus contains, among other things, (a) details
of the number of the Cloud Village Shares to be offered in the Global Offering, the offer price range and other details of the Global
Offering and (b) certain business and financial information in relation to Cloud Village and its subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cloud Village has decided to adopt a fully electronic
application process for the Hong Kong Public Offering, with no printed copies of prospectuses or application forms. A fully electronic
application process is consistent with the way in which Cloud Village&rsquo;s users and stakeholders engage and interact with each other
and Cloud Village. As a company which has been highly committed to environmental, social and corporate responsibility matters since its
founding, Cloud Village believes such method will also help mitigate the environmental impact of printing and minimize the exploitation
of natural resources, among others. The Prospectus is available for viewing and downloading from the websites of Cloud Village at <U>http://ir.music.163.com
</U>and the Hong Kong Stock Exchange at <U>www.hkenews.hk</U> from November 23, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>EXPECTED SIZE OF THE GLOBAL OFFERING AND OFFER
PRICE RANGE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As disclosed in the Prospectus, the total number
of the Cloud Village Shares to be offered pursuant to the Global Offering will be 16,000,000, representing approximately 7.70% of
the total number of the Cloud Village Shares in issue immediately following the completion of the Global Offering (assuming the Over-allotment
Option is not exercised), and 18,400,000, representing approximately 8.76% of the total number of the Cloud Village Shares in issue
immediately following the completion of the Global Offering (assuming the Over-allotment Option is exercised in full).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The offer price for the Cloud Village Shares
in the Global Offering is expected to be no less than HK$190.00 per Cloud Village Share and no more than HK$220.00 per Cloud
Village Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of
0.005%).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Anti-dilution Right (as defined in the Prospectus) granted by Cloud Village to the Company on March 31, 2021, the Company
may acquire up to US$200 million Cloud Village Shares under the Global Offering, being around 7,602,000 Cloud Village Shares based on
the mid-point of the offer price range at HK$205.00 per Cloud Village Share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the basis of the number of the Cloud Village
Shares to be offered pursuant to the Global Offering and the offer price range as stated above, if the Global Offering proceeds (assuming
the Over-Allotment Option is not exercised):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">the market capitalization of Cloud Village will be between approximately
HK$39,474 million and approximately HK$45,707 million; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">the Company will hold approximately 61.31% of the total issued share capital of Cloud Village
                                                                 immediately upon completion of the Global Offering based on the mid-point of the offer price range at HK$205.00 per Cloud Village
                                                                 Share (assuming the Presumptions (as defined in the Prospectus), other than the exercise of the Anti-dilution Right).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>GENERAL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Global Offering, the price
of the Cloud Village Shares may be stabilized in accordance with the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of
the Laws of Hong Kong). Details of any intended stabilization and how it will be regulated under the Securities and Futures Ordinance
(Chapter 571 of the Laws of Hong Kong) will be contained in the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Global Offering is conditional upon, amongst
others, (i) the Hong Kong Stock Exchange granting approval for the listing of, and permission to deal in, the Cloud Village Shares; (ii)
the pricing of the Cloud Village Shares in the Global Offering having been agreed between Cloud Village and the Joint Global Coordinators
of the Global Offering (for themselves and on behalf of the Hong Kong Underwriters); (iii) the execution and delivery of the International
Underwriting Agreement on or around the dates as mentioned in the Prospectus; and (iv) the obligations of the Underwriters under each
of the respective Underwriting Agreements becoming and remaining unconditional and not having been terminated in accordance with the terms
of the respective agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders and potential investors of the Company
should be aware that there is no assurance that the Proposed Spin-off and the Global Offering will take place or as to when it may take
place. Shareholders and potential investors of the Company should therefore exercise caution when dealing in or investing in the securities
of the Company. Persons who are in doubt of their position or any action to be taken are recommended to consult their own professional
advisers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This announcement is not intended to, and does
not, constitute an offer to sell or a solicitation of an offer to subscribe for or purchase any Cloud Village Shares in connection with
the Global Offering or otherwise. Any such offer or solicitation is made solely through the Prospectus or other offering documents that
may be issued in compliance with applicable laws and any decision to subscribe for or purchase the Cloud Village Shares in connection
with the Global Offering or otherwise should be made solely on the basis of the information contained in the Prospectus and such other
offering documents. No action has been or will be taken in any jurisdiction (other than in Hong Kong) that would permit a public offering
of the Cloud Village Shares to be offered in the Global Offering in any jurisdiction where action for that purpose is required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further announcement(s) will be made by the Company
in relation to the Proposed Spin-off and the Global Offering as and when appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>DEFINITION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In this announcement, unless the context otherwise
requires, the following expressions shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 28%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;Hong Kong Underwriters&rdquo;</TD>
    <TD STYLE="width: 72%; padding-left: 5.4pt; text-align: justify">the underwriters of the Hong Kong Public Offering</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;Hong Kong Underwriting Agreement&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the underwriting agreement in relation to the Hong Kong Public Offering entered into by, among others, Cloud Village, the Joint Global Coordinators and the Hong Kong Underwriters on November 22, 2021</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;International Underwriters&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the underwriters of the International Offering</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;International Underwriting Agreement&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the underwriting agreement in relation to the International Offering which is expected to be entered into by, among others, Cloud Village, the Joint Global Coordinators and the International Underwriters</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="vertical-align: top; padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&ldquo;Joint Global Coordinators&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">in alphabetical order, China International Capital Corporation Hong Kong Securities Limited, Credit Suisse (Hong Kong) Limited, and Merrill
Lynch (Asia Pacific) Limited</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;Over-allotment Option&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the option expected to be granted by Cloud Village to the International Underwriters, exercisable by the stabilizing manager of the Global Offering on behalf of the International Underwriters to require Cloud Village to allot and issue up to 2,400,000 additional Shares to the International Underwriters to, among other things, cover overallocations in the International Offering, if any</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;Prospectus&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the prospectus issued by Cloud Village and dated November 23, 2021 in connection with the Proposed Spin-off</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;SFC&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the Securities and Futures Commission of Hong Kong</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;Underwriters&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the Hong Kong Underwriters and the International Underwriters</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&ldquo;Underwriting Agreements&rdquo;</TD>
    <TD STYLE="padding-top: 10pt; padding-left: 5.4pt; text-align: justify">the Hong Kong Underwriting Agreement and the International Underwriting
Agreement</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">By Order of the Board</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><B>NetEase,&nbsp;Inc.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right"><B>William Lei Ding</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 24pt; text-align: right"><I>&nbsp;&nbsp;&nbsp;Director</I></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Hangzhou, China, November 23, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>As at the date of this announcement, the Board
comprises Mr. William Lei Ding as the director, and Ms. Alice Cheng, Mr. Denny Lee, Mr. Joseph Tong, Mr. Lun Feng and Mr. Michael Leung
as the independent directors.</I></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
