Hi @EMVT
Are all hyperlinks pointed to %Appdata%\Microsoft\Excel
?
Currently, I find a workaround is using vba macro to change the hyperlink path back.
For more about the macro, you may check whether the thread 'How to Find and Replace Hyperlink Addresses in Excel' is helpful.
Thanks for your understandings.
If the answer is helpful, please click "Accept Answer" and kindly upvote it. If you have extra questions about this answer, please click "Comment".
Note: Please follow the steps in our documentation to enable e-mail notifications if you want to receive the related email notification for this thread.