SCHEDULE 13G/A 0001085146-20-000986 0000940594 XXXXXXXX LIVE 13 American Depositary Shares, each representing 1 Class A Ordinary Share, par value US$0.0001 06/30/2025 0001781753 Youdao, Inc. 98741T104 NO. 399, WANGSHANG ROAD BINJIANG DISTRICT HANGZHOU F4 310051 Rule 13d-1(b) Orbis Investment Management Limited D0 7497430 0 7497430 0 7497430 N 24 FI Youdao, Inc. NO. 399, WANGSHANG ROAD, BINJIANG DISTRICT, HANGZHOU, CHINA 310051 Orbis Investment Management Limited 25 Front Street Hamilton HM11, Bermuda Orbis Investment Management Limited - BERMUDA N FI Equivalent to IA. 7,497,430 24.0 Orbis Investment Management Limited - 7,497,430 Orbis Investment Management Limited - 0 Orbis Investment Management Limited - 7,497,430 Orbis Investment Management Limited - 0 Y N Other persons have the right to receive dividends from, the power to direct the receipt of dividends from, or the right to receive the proceeds from the sale of, the securities of the issuer identified in Item 4(a) that are beneficially owned by Orbis Investment Management Limited. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Orbis Investment Management Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. Orbis Investment Management Limited Matt Gaarder 08/14/2025