Zhihu Inc. (ZHIHU-W) filed a Next Day Disclosure Return on 16 September 2026, detailing continued execution of its share-repurchase programme while keeping its outstanding share capital unchanged.
Issued Share Capital • Opening and closing balances (14–15 September 2026) show 244.79 million Class A ordinary shares in issue on the Hong Kong Stock Exchange, alongside 14.86 million Class B shares, for a total of 259.65 million shares. • No new shares were issued and no treasury shares were held as of the reporting date.
Buyback Activity Pending Cancellation • From 1 July to 15 September 2026, the company bought back 5.13 million Class A shares that have not yet been cancelled. • The shares pending cancellation equal approximately 1.98 % of total issued shares. • Repurchases were conducted on the New York Stock Exchange at daily volume-weighted average prices ranging from USD 0.89 to USD 1.11 per share.
Latest Transaction • On 15 September 2026, 147,048 Class A shares (49,016 ADSs, each ADS representing three shares) were repurchased on the NYSE at prices between USD 0.95 and USD 1.00, for a total consideration of USD 0.14 million.
Repurchase Mandate Utilisation • Shareholders authorised a mandate on 30 June 2026 allowing up to 25.46 million shares to be repurchased. • Cumulative buybacks under this mandate now stand at 5.27 million shares, equivalent to 2.07 % of the share base on the mandate date. • In accordance with Hong Kong Listing Rule 10.06(3), Zhihu is subject to a moratorium on new share issues or sales of treasury shares until 15 October 2026.
Regulatory Confirmation The company affirmed that all repurchases complied with both Hong Kong Main Board rules and the applicable regulations of the NYSE, with no material changes to the explanatory statement issued on 8 June 2026.
Comments