Zhihu: May 2026 Monthly Return Indicates Stable Share Base, 4.98 Million ADS Repurchase Awaiting Cancellation

Bulletin Express06-04 20:23

Zhihu Inc. (HK: 02390) filed its monthly return for the period ended 31 May 2026, confirming no change in authorised or issued share capital while detailing an earlier share repurchase that has yet to be cancelled.

Authorised Share Capital • Class A WVR ordinary shares remain at 1.55 billion with a par value of USD 0.000125, equivalent to authorised capital of USD 193,750. • Class B WVR ordinary shares are unchanged at 50.00 million, representing USD 6,250 of authorised capital. Total authorised capital therefore stands at USD 200,000.

Issued Shares and Public Float • Issued Class A shares stayed at 250.91 million, with no treasury shares on record. • Issued Class B shares remained at 15.23 million. • The company confirmed that the public float continues to meet the Main Board’s 25 % requirement.

Share-Based Incentive Plans • Options outstanding under the 2012 Share Incentive Plan total 675,682, unchanged during the month. • The 2022 Share Incentive Plan currently authorises up to 13.04 million new options, none of which were granted or exercised in May. • Unvested restricted share units (RSUs) under the 2022 plan amount to 9.62 million. During the month, 702 RSUs vested and 132,255 were forfeited.

Share Repurchase Pending Cancellation • Zhihu repurchased 4.98 million Class A ordinary shares represented by ADSs on the New York Stock Exchange between 1 April 2026 and 22 April 2026. These shares had not been cancelled as of 31 May 2026, leaving total issued share counts unchanged for the month.

Compliance Confirmation The company secretary affirmed that all transactions were authorised by the board and complied with Hong Kong listing rules and applicable laws.

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