Zhihu Inc Announces Successful Adoption of Proposed Resolution

Beijing, Oct. 16, 2024

Zhihu Inc. (NYSE: ZH; HKEX: 2390), a prominent online content community in China, has revealed that the proposed ordinary resolution regarding the all cash tender offers has been approved. The Offers, which commenced on September 9, 2024, aimed to repurchase up to 46,921,448 Class A ordinary shares of the Company at an offer price of HK$9.11 per share (US$3.50 per ADS). The resolution was put forth in a notice of extraordinary general meeting dated September 9, 2024 and received unanimous approval at the meeting held in Beijing, China today.

With the adoption of the Proposed Resolution on October 16, 2024, the Offers have now become unconditional, marking a significant milestone for Zhihu Inc.

Impact on Individuals:

As a shareholder of Zhihu Inc., the successful adoption of the Proposed Resolution means that you may consider participating in the all cash tender offers to sell your Class A ordinary shares back to the Company at the specified offer price. This could potentially present an opportunity for you to realize a return on your investment in Zhihu Inc. and adjust your portfolio accordingly.

Global Implications:

The adoption of the Proposed Resolution by Zhihu Inc. showcases the Company’s commitment to enhancing shareholder value and optimizing its capital structure. This move may also attract the attention of investors and industry analysts worldwide, influencing market perceptions of Zhihu Inc. and potentially impacting the broader technology and online content sectors.

Conclusion:

In conclusion, the successful adoption of the Proposed Resolution by Zhihu Inc. demonstrates the Company’s proactive approach to capital management and shareholder engagement. As the Offers become unconditional, shareholders and the global market will be closely watching to see how this development shapes the future trajectory of Zhihu Inc. and its position within the online content community landscape.