Zhihu Intensifies Share Buyback; 361,530 Shares Repurchased on NYSE, Pending-Cancellation Total Rises to 8.70 Million

Bulletin Express04-23 20:45

Zhihu Inc. disclosed that on 22 April 2026 it repurchased 361,530 Class A ordinary shares on the New York Stock Exchange at prices between USD 1.21 and USD 1.26 per share, with a volume-weighted average price of USD 1.2567. The cash outlay for the latest transaction amounted to USD 0.45 million.

\n\nAfter the repurchase, Zhihu’s issued share capital remains unchanged at 254.42 million Class A shares, alongside 15.45 million Class B shares. All shares bought back are earmarked for cancellation and therefore do not count as treasury shares.

\n\nIncluding the latest transaction, the company has accumulated 8.70 million Class A shares pending cancellation since 2 January 2026. This figure represents approximately 3.23 % of Zhihu’s total share count of 269.86 million ordinary shares.

\n\nUnder the shareholder mandate approved on 25 June 2025, the board is authorised to repurchase up to 26.30 million shares. With the 8.70 million shares already acquired, Zhihu has utilised 33.10 % of its current mandate. In accordance with Hong Kong Listing Rule 10.06, the company cannot issue new shares for 30 days following the 22 April 2026 repurchase, placing the moratorium period through 22 May 2026.

\n\nThe company confirmed that all repurchase activities complied with Hong Kong listing regulations and relevant U.S. exchange rules.

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