Zhihu Inc. (abbrev. “Zhihu”) disclosed on 20 October 2026 that it repurchased 177,018 Class A weighted-voting-right ordinary shares on 19 October 2026 through the New York Stock Exchange.
• Transaction details: The shares were acquired within a price range of USD 1.1333–1.1533, for a total consideration of USD 0.20 million, implying an average cost of roughly USD 1.15 per share. The trade corresponded to 59,006 American depositary shares (ADSs), each representing three Class A ordinary shares. All repurchased shares are intended for cancellation.
• Cumulative programme status: Since the current mandate was approved on 30 June 2026, Zhihu has bought back 9.10 million shares—3.57 % of the 254.62 million shares outstanding (excluding treasury shares) on the mandate date. The mandate authorises repurchases of up to 25.46 million shares, leaving capacity for a further 16.36 million shares.
• Share capital unchanged: Despite the latest transaction, the company’s issued share capital remains at 244.79 million Class A ordinary shares and 14.86 million Class B ordinary shares as of 19 October 2026. No treasury shares were outstanding at period-end; all repurchased shares await formal cancellation.
• Issuance blackout: In accordance with Hong Kong Listing Rules, Zhihu is subject to a moratorium on issuing new shares or selling treasury shares until 18 November 2026, 30 days after the 19 October repurchase.
The company confirms that all buy-backs were executed in compliance with both Hong Kong and New York stock exchange regulations and that no material changes have occurred to the share repurchase explanatory statement dated 8 June 2026.
Comments