Zhihu Inc. (Stock Code: 02390) released a Next Day Disclosure Return on 16 February 2026, indicating that its total number of WVR ordinary shares remained at 254.42 million as of 13 February 2026, with no net change in issued shares and no treasury shares.

Between 2 January and 13 February 2026, multiple share repurchases for cancellation were conducted at prices ranging from USD 1.12 to USD 1.27, each constituting 0.002% to 0.037% of the company’s total issued shares. On 13 February 2026, Zhihu Inc. repurchased 99,000 shares at USD 1.18 on the New York Stock Exchange, alongside 33,000 American depositary shares (each representing three Class A ordinary shares) at an average price of USD 3.53 per ADS.

The repurchases since 2 January 2026 totaled around 2.41 million shares, representing approximately 0.92% of the 269.86 million issued shares when the repurchase mandate was approved on 25 June 2025. The most recent repurchase on 13 February 2026 cost USD 116,646.01 in aggregate. In addition, there is a 30-day moratorium on new share issuances following these transactions, lasting until 15 March 2026 under applicable regulations.