Zhihu-W Reports 0.37 Million-Share Buyback on NYSE; Cumulative Repurchases Reach 7.16 Million

Bulletin Express04-17

Zhihu Inc. (Zhihu-W, HKEX: 02390) disclosed its latest share activity in a Next Day Disclosure Return dated 17 April 2026.

Key points

1. Latest buyback • On 16 April 2026 (U.S. time) the company repurchased 366,780 Class A ordinary shares—equivalent to 122,260 American Depositary Shares (ADSs)—on the New York Stock Exchange. • Purchase price ranged between USD 1.24 and USD 1.1967 per ordinary share, with a volume-weighted average cost of roughly USD 1.22. • Total consideration amounted to USD 0.45 million, representing 0.136 % of the company’s issued shares.

2. Share capital remains unchanged • Issued share capital stood at 254.42 million Class A ordinary shares and 15.45 million Class B ordinary shares, or 269.86 million shares in aggregate, as of 16 April 2026. • No treasury shares were outstanding.

3. Ongoing repurchase programme • Since 2 January 2026, Zhihu-W has bought back 7.16 million Class A shares for cancellation, equal to 2.72 % of the share count when the current mandate was granted on 25 June 2025. • The mandate authorises repurchases of up to 26.30 million shares, meaning 27.22 % of the authorised volume has been utilised. • In line with Hong Kong listing rules, the company is restricted from issuing new shares until 16 May 2026.

All transactions were authorised by the board and executed in compliance with Hong Kong Stock Exchange regulations and the relevant rules governing repurchases on the New York Stock Exchange.

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