Zhihu Inc. (stock code: 2390.HK) released a Next Day Disclosure Return dated 10 February 2026, reporting its share capital status and recent repurchase transactions. According to the announcement, the opening and closing balances for its WVR ordinary shares both stood at 254,416,106 as of 6 February and 9 February 2026, respectively, reflecting no net change in the total issued shares.

The document indicates ongoing repurchases of Class A ordinary shares for cancellation, with transactions recorded between January and early February 2026. These repurchases include multiple tranches that generally involved 99,000 shares per transaction. Certain smaller transactions (such as 4,704 shares) were also disclosed. Repurchase prices during this period spanned approximately USD 1.12 to USD 1.26 per share. On 9 February 2026, 33,000 ADS (each representing three Class A ordinary shares) were repurchased on the New York Stock Exchange.

The total number of shares entitled to be repurchased under an existing mandate, granted on 25 June 2025, is stated as 26,300,429. As of the date of the announcement, 2,020,398 shares had been repurchased under this mandate, representing approximately 0.768% of the issued shares when the mandate was approved. A moratorium on new share issuances remains in effect until 11 March 2026, in accordance with applicable listing rules.