NetEase director reports initial ADS holdings

NetEase, Inc. director Cheng YU FEN filed an initial ownership report showing holdings of American Depositary Shares (ADSs).

Accepted by SEC EDGAR 03/17/2026 - 06:12 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

NetEase, Inc. director Cheng YU FEN filed an initial ownership report showing holdings of American Depositary Shares (ADSs). The filing reports 32,610 ADSs held directly and 5,000 ADSs held indirectly through Robust Idea Limited, a British Virgin Islands company wholly owned by Cheng YU FEN. Each ADS represents five ordinary shares of NetEase, Inc.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Cheng YU FEN

Role Director

Type	Security	Shares	Price	Value
Holding	American Depositary Shares	--	--	--
Holding	American Depositary Shares	--	--	--

Holdings: American Depositary Shares — 32,610 shares (Direct); American Depositary Shares — 5,000 shares (Indirect, By Robust Idea Limited)

Footnotes (2)

1. F1. Each American depositary share represents five ordinary shares of NetEase, Inc.
2. F2. Robust Idea Limited, a company incorporated in British Virgin Islands, is wholly owned by Cheng YU FEN.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the NetEase (NTES) Form 3 filing by Cheng YU FEN show?

The Form 3 shows Cheng YU FEN’s initial ownership in NetEase American Depositary Shares. It reports 32,610 ADSs held directly and 5,000 ADSs held indirectly through Robust Idea Limited, establishing her disclosed equity position as a director in the company.

How many NetEase (NTES) ADSs does Cheng YU FEN hold directly and indirectly?

The filing reports 32,610 NetEase American Depositary Shares held directly by Cheng YU FEN and 5,000 ADSs held indirectly. The indirect position is owned through Robust Idea Limited, which is wholly owned by her, reflecting both personal and entity-based holdings.

What is the relationship between NetEase ADSs and ordinary shares mentioned in the Form 3?

Each NetEase American Depositary Share represents five ordinary shares of NetEase, Inc. This ratio, stated in the footnotes, helps investors understand how ADS holdings translate into underlying ordinary shares when assessing the economic exposure reported in the Form 3.

How are Robust Idea Limited’s NetEase (NTES) holdings described in the Form 3?

The Form 3 states that 5,000 NetEase ADSs are held indirectly through Robust Idea Limited. A footnote explains Robust Idea Limited is a British Virgin Islands company wholly owned by Cheng YU FEN, linking those ADSs to her beneficial ownership position.

Does the NetEase (NTES) Form 3 indicate any recent buy or sell transactions?

The Form 3 functions as an initial ownership report and does not classify any entries as buy or sell transactions. It lists holdings of American Depositary Shares, with transaction direction fields marked as unknown and categorized as holding entries in the summary.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Cheng YU FEN

(Last) (First) (Middle)

C/O NETEASE, INC. NETEASE BUILDING

NO. 599 WANGSHANG ROAD,BINJIANG DISTRICT

(Street)

HANGZHOU F4 310052

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
NetEase, Inc. [ NTES ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares(1)	32,610	D
American Depositary Shares(1)	5,000	I	By Robust Idea Limited(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American depositary share represents five ordinary shares of NetEase, Inc.

2. Robust Idea Limited, a company incorporated in British Virgin Islands, is wholly owned by Cheng YU FEN.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Doris Fang, Attorney-in-Fact for Cheng YU FEN	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.