Zhihu Inc. (stock code: 02390) published a Next Day Disclosure Return dated 20 February 2026. According to the announcement, the total number of Class A ordinary shares remained at 254.42 million as of 18 February 2026, unchanged from 13 February 2026.

From 02 January 2026 to 18 February 2026, the issuer repurchased multiple tranches of Class A shares on the New York Stock Exchange. The two most recent transactions on 17 and 18 February 2026 involved 0.10 million shares and 0.10 million shares, respectively, for an aggregate of 0.19 million shares at a total cost of USD 0.23 million. These repurchased shares have not yet been canceled.

The repurchase mandate authorizes a total of 26.30 million shares to be bought back, of which 2.61 million shares—representing approximately 0.991% of the total issued shares at the time of the mandate—have been repurchased to date. Following these share buybacks, a 30-day moratorium on new share issuances or transfers of treasury shares remains in effect until 20 March 2026.