Zhihu Inc. (Zhihu) disclosed that no new shares were issued between 17 April and 20 April 2026, leaving its outstanding share capital unchanged at 254.42 million Class A ordinary shares. Including 15.45 million Class B shares, the company’s total issued share base remains 269.86 million shares.
On 20 April 2026 (U.S. time), Zhihu repurchased 394,065 Class A ordinary shares—equivalent to 131,355 American depositary shares (ADSs), with each ADS representing three Class A shares—on the New York Stock Exchange. The purchase was executed at prices ranging between USD 1.24 and USD 1.28 per share, for an aggregate consideration of USD 0.50 million. The 394,065 shares earmarked for cancellation represent approximately 0.15% of the company’s issued share capital (excluding treasury shares) before the transaction.
Since receiving its shareholder mandate on 25 June 2025, Zhihu has repurchased a cumulative 7.97 million shares—about 3.03% of the company’s outstanding shares at the mandate date—out of an authorised limit of 26.30 million shares. All repurchases followed the rules of the Hong Kong Stock Exchange and the relevant regulations of the New York Stock Exchange.
A moratorium on new share issues or sales of treasury shares remains in effect until 20 May 2026, in line with listing requirements.
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