ORBIS INVESTMENT MANAGEMENT LTD

Holdings History for Youdao, Inc. - American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO)

Symbol: DAO on NYSE
Investment type: Equity / American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001
Latest Disclosed Shares Owned: 6,943,858 shares
Security Ownership %: 22%

Orbis Investment Management Limited ownership in Youdao, Inc. American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO)

17 Feb 2026 - Orbis Investment Management Limited has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,943,858 shares of Youdao, Inc. American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 (DAO). This represents 22% ownership of the company. In their previous filing dated 14 Nov 2025, ORBIS INVESTMENT MANAGEMENT LTD had reported owning 7,281,408 shares, indicating a decrease of +4.6%. .

Reporting Name	Ownership %	Change	Value $	Shares owned	Change	Activity %	Price	Form	Report date	Filing time
Orbis Investment Management Limited	22%	-4.8%	$84,576,190	6,943,858	-337,550	-4.6%	$12.18	13G/A	31 Dec 2025	17 Feb 2026, 12:11
Orbis Investment Management Limited	23%	-2.9%	$72,377,196	7,281,408	-216,022	-2.9%	$9.94	13G/A	30 Sep 2025	14 Nov 2025, 12:39
Orbis Investment Management Limited	24%	-10%	$65,752,461	7,497,430	-841,958	-10%	$8.77	13G/A	30 Jun 2025	14 Aug 2025, 12:51
Orbis Investment Management Limited	27%	-6.9%	$72,552,676	8,339,388	-637,271	-7.1%	$8.70	13G/A	31 Mar 2025	15 May 2025, 12:52
ORBIS INVESTMENT MANAGEMENT LTD	29%		$78,096,933	8,976,659			$8.70	13G/A	31 Dec 2024	14 Feb 2025, 10:10