Zhihu Inc. (HKEX: 02390) Publishes Next Day Disclosure Return Highlighting Share Repurchases

Bulletin Express02-06

Zhihu Inc. submitted a Next Day Disclosure Return dated 06 February 2026, confirming that the number of its WVR ordinary shares (Class A) remained unchanged at 254,416,106 during the period from 04 February 2026 to 05 February 2026. Despite no net change in the total share count, the company reported a series of repurchases that are pending cancellation.

The announcement detailed share repurchases executed between 02 January and 05 February 2026 at prices generally ranging between USD 1.12 and USD 1.26 per share. On 05 February 2026, 99,000 Class A ordinary shares were repurchased at USD 1.1608 per share. The filing also specified that 33,000 American depositary shares (equivalent to 99,000 Class A ordinary shares) were repurchased on the New York Stock Exchange on 05 February 2026 (U.S. time) at an average price of USD 3.4823 per ADS.

The company’s issued shares, comprising 254,416,106 Class A shares and 15,446,778 Class B shares, total 269,862,884. According to the document, any shares repurchased but not yet canceled continue to be counted in the issued capital. The disclosure also states that all share repurchases were conducted in compliance with applicable rules, including repurchase mandates and relevant Exchange regulations.

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