Zhihu Inc. (abbrev. Zhihu) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 8 October 2026 confirming that its issued share capital remained unchanged at 244.79 million Class A ordinary shares as of 7 October 2026. Including 14.86 million Class B shares, total issued share capital stood at 259.65 million shares.
Share repurchase activity • 7 October 2026: Zhihu bought back 199,401 Class A shares on the New York Stock Exchange at prices between USD 1.1467 and USD 1.1667 per share, for total consideration of USD 0.23 million. The purchase equates to 66,467 ADSs, with each ADS representing three Class A shares. • 1 July–7 October 2026: Aggregate repurchases under the current programme reached 7,761,927 Class A shares, equal to 3.05 % of the company’s share count on 30 June 2026. All repurchased shares are intended for cancellation and none are being held as treasury stock.
Repurchase mandate utilisation • Shareholders authorised the company on 30 June 2026 to repurchase up to 25.46 million shares (10 % of issued shares at that date). • The 7.76 million shares already repurchased represent 30.48 % of the authorised limit, leaving capacity for a further 17.70 million shares. • In line with Hong Kong Listing Rule 10.06(3)(a), Zhihu is subject to a 30-day moratorium on issuing new shares or selling treasury shares until 6 November 2026.
Capital structure • Opening and closing balances on 6 and 7 October 2026: – Class A ordinary shares (WVR): 244.79 million – Treasury shares: none • No new shares were issued, and no treasury shares were cancelled during the period covered by the return.
Compliance statement The company confirmed that all repurchases were conducted in accordance with Hong Kong Listing Rules and applicable U.S. exchange regulations, and that no material changes have been made to the explanatory statement dated 8 June 2026.
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