Zhihu-W Keeps Share Count Steady, Buys Back 3.34 Million Class A Shares Since 1 July

Bulletin Express08-14

Zhihu Inc. (Zhihu-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 14 August 2026. The filing confirms that no new shares were issued through 13 August, while an active buy-back programme continued on the New York Stock Exchange (NYSE).

Issued Share Capital • Class A ordinary shares outstanding remained unchanged at 244.79 million as at 13 August 2026. • Together with 14.86 million Class B ordinary shares, the company’s total share count stands at 259.65 million.

Share Repurchases Pending Cancellation • Between 1 July and 13 August 2026 the company repurchased 3.34 million Class A shares in 31 transactions on the NYSE. • The purchase prices ranged from USD 1.0416 to USD 1.1116 per share. • All repurchased shares are earmarked for cancellation; none will be held as treasury stock.

Latest Transaction • On 13 August 2026, Zhihu bought back 99,522 Class A shares (equivalent to 33,174 ADSs) at prices between USD 1.06 and USD 1.0767, spending USD 0.11 million.

Repurchase Mandate Utilisation • Shareholders authorised a maximum buy-back of 25.46 million shares on 30 June 2026. • Cumulative purchases under this mandate total 3.48 million shares, representing 1.37 % of the company’s issued share capital on the mandate date. • Under Hong Kong listing rules, Zhihu is restricted from issuing new shares until 12 September 2026, 30 days after the latest repurchase.

The disclosure indicates that Zhihu’s capital structure is unchanged, while the company continues to reduce its share count through systematic open-market buybacks.

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