Zhihu Inc. reported that as of January 26, 2026, the total number of its issued WVR ordinary shares (Type A) remained at 254,416,106, showing no change from the balance recorded on January 23, 2026. Despite the consistent share count, the announcement detailed multiple repurchases of WVR ordinary shares in January 2026 originating from the New York Stock Exchange, all intended for cancellation but not yet canceled.

The company disclosed that on January 26, 2026, 99,000 shares were repurchased at a price of US$1.2498 per share, following a series of similar repurchases involving mostly 99,000 shares each at varying prices throughout the month. The repurchases were made under a mandate approved on June 25, 2025, which authorizes the repurchase of up to 26,300,429 shares. According to the announcement, a total of 1,103,286 shares had been repurchased under this mandate as of the disclosure date, accounting for approximately 0.419% of the issuer’s then-outstanding shares.