Zhihu Inc. (02390) Discloses Share Repurchase Activities

Bulletin Express01-19

On January 19, 2026, Zhihu Inc. published a Next Day Disclosure Return regarding its Class A ordinary shares. According to the document, the company’s issued share count remained at 254,416,106 Class A ordinary shares from January 15 to January 16, 2026. However, a series of repurchase transactions over the period from January 2 to January 16, 2026, resulted in a total of 794,826 Class A ordinary shares being repurchased for cancellation but not yet canceled as of January 16, 2026.

The announcement highlighted multiple repurchases on overseas exchanges, including a January 16, 2026 transaction involving 97,122 shares on the New York Stock Exchange at prices ranging between US$1.18 and US$1.2033 per share, with an aggregate consideration of US$115,337.59. The document noted that the company's total issued shares (including Class A and Class B) stood at 269,862,884 as the basis for calculating each repurchase’s percentage against overall share capital.

No change in the listed Class A ordinary share count was recorded in the closing balance on January 16, 2026, since those repurchased shares have not yet been canceled. The repurchase authority for these transactions was granted on June 25, 2025, authorizing up to 26,300,429 shares under the mandate.

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