On September 24, 2026, Pandanus Partners L.P. increased its long position in ZHIHU-W via an off-exchange derivative transaction, becoming the holder of equity derivatives with the right to purchase shares. This was an off-exchange transaction and not a direct secondary-market dealing.
Prior to the acquisition, Pandanus Partners L.P.'s long position in ZHIHU-W was 19.49 million shares, representing 7.96%; following the acquisition, the holding changed to 19.73 million shares, with the long position ratio rising to 8.06%.
Source: Hong Kong Exchanges and Clearing Limited
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