Cloud Music (09899) plans to change its name to “NetEase Cloud Music Co., Ltd.”

Zhitongcaijing · 10/15 09:57

Zhitong Finance App News, Cloud Music (09899) issued an announcement. The Group Board of Directors hereby announced that it is proposed to change the name of the company from “Cloud Music Inc. Cloud Music Co., Ltd.” to “NetEase Cloud Music Inc. NetEase Cloud Music Co., Ltd.” (Proposed change of company name).

The Group now operates an online music platform, and users get to know the Group through the Group's iconic cornerstone mobile application “NetEase Cloud Music”. The board of directors believes that the proposed change in the company name will better align the company's name with the Group's iconic product “NetEase Cloud Music” (the product is widely known in China), help investors identify the company and obtain relevant transaction information more easily, strengthen the company's overall brand and create long-term value for shareholders. Therefore, the Board believes that the proposed change in the company's name is in the overall best interest of the company and shareholders.