Research Reports

Summary

Zhihu Inc. repurchased and cancelled 3,721,614 Class A WVR ordinary shares on April 27, 2026, and converted 213,023 Class B ordinary shares to Class A, reducing total issued shares to 250,907,515 Class A and 15,233,755 Class B.

Key takeaways

Cancelled 3,721,614 Class A shares repurchased across January-March 2026 at USD 1.1217 average price, reducing issued Class A shares by 1.379%.
Converted 213,023 Class B ordinary shares to Class A ordinary shares on April 27, 2026.
Class A issued shares decreased from 254,416,106 to 250,907,515 as of April 27, 2026.
15 pending Class A share repurchases for cancellation from April 1-22, 2026, totaling ~4.7 million shares at prices USD 0.9366-USD 1.2768.
Class B issued shares reduced from 15,446,778 to 15,233,755 due to conversion.
Disclosure pursuant to Hong Kong Stock Exchange Main Board Rule 13.25A.