Zhihu Inc. (02390) Publishes Next Day Disclosure Return with Recent Share Repurchases

Bulletin Express02-05

Zhihu Inc. (02390) published a Next Day Disclosure Return dated 05 February 2026, showing no change in its total number of Class A ordinary shares between 03 February and 04 February 2026. The figure remained at 254,416,106, with the overall share capital at 269,862,884 shares (including both Class A and Class B ordinary shares).

Between 02 January and 04 February 2026, multiple share repurchases for cancellation were recorded. These transactions each constituted approximately 0.037% or less of the company’s overall share base, with repurchase prices ranging from USD1.12 to USD1.266. On 04 February 2026, 93,840 shares were repurchased on the New York Stock Exchange at a highest price of USD1.1833 and a lowest price of USD1.12, corresponding to 31,280 ADS at US$3.48 per ADS (each ADS represents three Class A ordinary shares).

Under the repurchase mandate dated 25 June 2025, the total number of shares authorized for repurchase is 26,300,429, of which 1,725,741 shares (around 0.656% of the total issued shares as of mandate date) had been repurchased as of 04 February 2026. A moratorium period on new issuances or treasury share transfers remains in effect until 06 March 2026, following these repurchases.

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