Updates to Existing and Pipeline Games Announced at NetEase's 2023 Product Launch Event

• Exclusive preview of upcoming Justice Mobile Game showcased at the event
• Updates for over 50 Chinese and international titles including Harry Potter: Magic Awakened, Eggy Party, Badlanders, and Racing Master
• Released Ashfall's official soundtrack by world-renowned score composers Hans Zimmer and Steve Mazzaro

HANGZHOU, China, May 20, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced robust game content updates and plans for over 50 Chinese and international games across various genres. Catering to NetEase's growing global audience, these updates were streamed in English and Japanese during NetEase Connect 2023, the Company's annual product launch event that took place on May 20, 2023.

The latest content updates are part of NetEase's efforts to grow its development pipeline of quality products for players around the world. Earlier this year, the Company announced two newly formed games studios, Anchor Point Game Studios and Spliced Inc Limited, spearheaded by industry veterans and talents who are focused on bringing more fresh and thrilling experiences to players worldwide.

Alongside the many exciting announcements at NetEase Connect 2023, the Company revealed its global aspiration for its casual game Eggy Party, which was first launched internationally in the Philippines last month. Other key highlights included:

• First real-time gameplay preview of Justice mobile game which is slated to launch on June 30, 2023 in Chinese mainland
• Exclusive look at highly anticipated domestic and global projects: Harry Potter: Magical Awakened, Badlanders, Racing Master, Mission Zero, Once Human, Ashfall, and Dunk City Dynasty
• Exciting content updates to Naraka: Bladepoint, Knives Out, Fantasy Westward Journey series, Dead by Daylight Mobile, Lost Light, Identity V, and many more
• Presented the official soundtrack for Ashfall by world-renowned composers Hans Zimmer, recipient of the 67th Academy Award for Best Original Score, and Steve Mazzaro, who has composed music for numerous films including Iron Man and The Dark Knight Rises
• A detailed look at NetEase's 2023 global esports strategy at the event

About NetEase, Inc.

As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase") provides premium online services centered around content creation. With extensive offerings across its expanding gaming ecosystem, the Company develops and operates some of China's most popular and longest running mobile and PC games. Powered by industry-leading in-house R&D capabilities in China and globally, NetEase creates superior gaming experiences, inspires players, and passionately delivers value for its thriving community worldwide. By infusing play with culture, and education with technology, NetEase transforms gaming into a meaningful vehicle to build a more entertaining and enlightened world.

Beyond games, NetEase service offerings include its majority-controlled subsidiaries Youdao (NYSE: DAO), China's leading technology-focused intelligent learning company, and Cloud Music (HKEX: 9899), China's leading online music content community, as well as Yanxuan, NetEase's private label consumer lifestyle brand.

NetEase's market-leading ESG initiatives are among the most recognized in the global media and entertainment industry, earning it inclusion in 2022 Dow Jones Sustainability World Index, 2022 Dow Jones Sustainability Emerging Markets Index, and 2023 Bloomberg Gender-Equality Index, as well as receiving an "A" rating from MSCI. For more information, please visit: http://ir.netease.com/.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "aim," "anticipates," "future," "intends," "plans," "believes," "may," "estimates," "potential," "continue," "ongoing," "goal," "targets," "guidance," "commits" and similar statements. Among other things, statements that are not historical facts, including statements about business plans and projections and statements about the launch of new games and their popularity among players in different markets, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information contained in this announcement is as of the date of this announcement and is based on assumptions believed to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. For further discussions of these and other risks, see the company's filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts for NetEase

Investor Enquiries:

Margaret Shi
NetEase, Inc.
ir@service.netease.com
Tel: (+86) 571-8985-3378
Twitter: https://twitter.com/NetEase_Global

Media Enquiries:

Li Ruohan
NetEase, Inc.
globalpr@service.netease.com
Tel: (+86) 571-8985-2668
Twitter: https://twitter.com/NetEase_Global

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SOURCE NetEase, Inc.