Key Updates on 2026 Product Launch Event

Research evidence excerpt

Key Updates on 2026 Product Launch Event

China (PRC) | Internet

NetEase EquityMayResearch20, 2026

FLASH NOTEKey Updates on 2026 Product Launch Event

NetEase held its 2026 Product Launch Event today. The event provides RATING BUY

updates on over 40 games under its portfolio, and gameplay previews are PRICE $114.49^

shown for new titles. These include four upcoming games: Sea of Remnants, PRICE TARGET | % TO PT $158.00 | +38%

Infinite Border: Three Kingdoms, Floatopia, and Planet Party Time. Please refer 52W HIGH-LOW $159.55 - $108.67

to the game list showcased in the event (Exhibits 1 and 2) for details. FLOAT (%) | ADV MM (USD) 99.0% | 84.04

MARKET CAP $73.8B

During the event, NetEase showcased over 40 games, including upcoming titles with the latest TICKER NTES

progress. ^Prior trading day's closing price unless otherwise

noted.

Price: intraday

Exhibit 1 - NetEase New Games

# EN Name CN Name Genre

1 Sea of Remnants 遗忘之海 RPG RATING BUY

2 Infinite Border: Three Kingdoms 万民长歌：三国 SLG

TICKER 9999 HK 3 Floatopia 山海奇旅 Casual

. 4 Planet Party Time 星绘友晴天 Casual PRICE HK$178.20^

Source: Company, Jefferies

Exhibit 2 - NetEase Existing Games PRICE TARGET | % TO PT HK$246.00 | +38%

1 Fantasy Westward Journey PC 梦幻西游电脑版 MMO

2 Fantasy Westward Journey mobile 梦幻西游手游 MMO

3 Fantasy Westward Journey Website 梦幻西游网页版 MMO

4 A Chinese Odyssey: Gui Lai 大话西游：归来 MMO

5 A Chinese Odyssey2 大话西游2免费版 MMO

6 A Chinese Odyssey2 大话西游2经典版 MMO

7 A Chinese Odyssey mobile 大话西游手游 MMO

8 New Westward Journey 3 新大话西游3 MMO

9 Justice PC 逆水寒 RPG

10 Justice Mobile 逆水寒手游 RPG

11 A Ghost Story 新倩女幽魂 RPG

12 A Ghost Story mobile 倩女幽魂手游 RPG

13 Infinite Borders 率土之滨 SLG

14 Tian Xia: Wan Xiang 天下: 万象 3D MMO

15 A Dream of Jianghu 一梦江湖 MMO

16 Revelation Mobile 天谕手游 RPG

17 Where Winds Meet 燕云十六声 Martial Open World