Netease repurchase 100 million U.S. dollars stock

September 12 - Netease Corporation today announced that its Board of Directors has approved a new stock repurchase program, according to the plan, NetEase in 2001 the total value of the acquisition of up to 100 million U.S. dollars of American Depositary Shares .

Prior to this Netease has been completed in July 2, 2007 announced stock repurchase program, the total amount of the acquisition of up to 46.4 million U.S. dollars (including transaction costs).

According to the latest approved this plan, Netease can on the Nasdaq Global Select Market on the open repo has issued American depositary shares. Repo transactions amount of time and will follow the U.S. Securities and Exchange Commission, 10 b-18 provisions, while the repurchase program also need to be consistent with the U.S. Securities and Exchange Commission, 10 b5-1 provision. NetEase plans to use the existing liquidity to complete the repurchase program.