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Youdao Inc. (DAO)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Netease, Inc.	2,898,293	$11,419,274	7.54%
2.	Vanguard Group Inc	1,251,024	$4,929,035	0%
3.	Blackrock Inc.	779,924	$3,072,900	0%
4.	State Street Corp	332,257	$1,309,093	0%
5.	Coronation Fund Managers Ltd.	243,361	$958,843	0.02%