36Kr (NASDAQ: KRKR) grants CEO-linked entity 74.5% voting power with new Class C stock

Rhea-AI Filing Summary

36Kr Holdings Inc. reports a major change to its share structure that concentrates voting control with its CEO. The board approved issuing up to 54,958,400 newly created Class C ordinary shares to Palopo Holding Limited, which is beneficially owned by CEO and chairman Dagang Feng. These Class C shares carry 100 votes per share and otherwise have the same rights as existing Class B shares.

The company repurchased all 54,958,400 Class B ordinary shares held by Palopo Holding Limited at US$0.0001 per share, while simultaneously issuing 54,958,400 Class C ordinary shares to Palopo at the same price. After this restructuring, Palopo Holding Limited beneficially owns 23,553,600 Class A ordinary shares and 54,958,400 Class C ordinary shares, together representing approximately 74.5% of the Company’s total voting power. The initiative was approved by the audit committee and the full board and is described as a measure to protect the Company’s interests and strengthen corporate stability.

Insights

Corporate governance and capital structure analyst

36Kr concentrates about 74.5% of voting power with its CEO through a new high‑vote Class C share structure.

36Kr has reworked its equity structure by swapping the CEO’s Class B shares for a new series of high‑vote Class C ordinary shares. The company repurchased 54,958,400 Class B shares from Palopo Holding Limited at US$0.0001 per share and concurrently issued 54,958,400 Class C shares to Palopo at the same price. The filing states that Class C has the same rights as Class B except that each Class C share carries 100 votes.

As a result, Palopo Holding Limited, beneficially owned by CEO and chairman Dagang Feng, now holds 23,553,600 Class A shares and 54,958,400 Class C shares, representing about 74.5% of the company’s total voting power. This substantially concentrates decision-making authority with a single holder, while the economic ownership attached to those shares is not described as changing in the excerpt.

The board and audit committee approved this capital structure initiative, and the company frames it as protecting its interests and strengthening corporate stability. Future company actions that require shareholder approval will be heavily influenced by this concentrated voting block, so later disclosures around any further governance changes or related-party considerations may be important for readers of subsequent filings.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-39117

36Kr Holdings Inc.

(Exact Name of Registrant as Specified in Its Charter)

Building B6, Universal Business Park,
No. 10 Jiuxianqiao Road,
Chaoyang District, Beijing, People’s Republic of China, 100015
+86 10 8965-0708

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x          Form 40-F  o

36Kr Announces Capital Structure Initiative to Strengthen Corporate Stability

On August 19, 2025, 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR) announced that its board of directors (the “Board”) has approved and authorized the issuance of up to 54,958,400 newly created Class C ordinary shares to Palopo Holding Limited and beneficially owned by Mr. Dagang Feng (“Mr. Feng”), the Company’s chief executive officer and the chairman of the Board. The Class C ordinary shares have the same rights as the Company’s existing Class B ordinary shares except for voting rights, and holders of Class C ordinary shares shall be entitled to 100 votes per share on all matters submitted to shareholder vote. This issuance of the newly created Class C ordinary shares is an initiative by the Board to protect the Company's interests and strengthen corporate stability. The issuance of Class C ordinary shares has been approved by the Company’s audit committee and board of directors.

The Company has repurchased all 54,958,400 Class B ordinary shares held by Palopo Holding Limited and beneficially owned by Mr. Feng, at US$0.0001 per share (the “Repurchase Price”). Immediately prior to the repurchase of Class B ordinary shares, the Company issued 54,958,400 Class C ordinary shares to Palopo Holding Limited for a price equal to the Repurchase Price.

After completion of the repurchase of Class B ordinary shares and the issuance of the new class C ordinary shares referred to above, Palopo Holding Limited beneficially owns 23,553,600 Class A ordinary shares and 54,958,400 Class C ordinary shares, representing approximately 74.5% of the voting power of the Company’s total issued and outstanding share capital.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			36Kr Holdings Inc.
Date:	August 19, 2025		By:	/s/ Dagang Feng
				Name:	Dagang Feng
				Title:	Chairman and Chief Executive Officer

3

FAQ

What capital structure change did 36Kr (KRKR) announce in this 6-K?

36Kr announced that its board approved the issuance of up to 54,958,400 newly created Class C ordinary shares to Palopo Holding Limited, beneficially owned by CEO and chairman Dagang Feng. This is part of a capital structure initiative the company describes as protecting its interests and strengthening corporate stability.

What are the voting rights of 36Krs new Class C ordinary shares?

The filing states that the new Class C ordinary shares have the same rights as the existing Class B ordinary shares except for voting rights. Holders of Class C ordinary shares are entitled to 100 votes per share on all matters submitted to a shareholder vote.

How did the share repurchase and issuance with Palopo Holding Limited work?

36Kr repurchased all 54,958,400 Class B ordinary shares held by Palopo Holding Limited at a price of US$0.0001 per share. Immediately before that repurchase, the company issued 54,958,400 Class C ordinary shares to Palopo at the same price, effectively exchanging the voting class while keeping the share count with Palopo unchanged.

What is CEO Dagang Fengs voting control in 36Kr after this transaction?

After the repurchase of Class B shares and issuance of Class C shares, Palopo Holding Limited, beneficially owned by Dagang Feng, holds 23,553,600 Class A ordinary shares and 54,958,400 Class C ordinary shares. The filing states this represents approximately 74.5% of the voting power of 36Krs total issued and outstanding share capital.

Who approved 36Krs new Class C share issuance and repurchase plan?

The filing notes that the issuance of the new Class C ordinary shares and the related capital structure initiative were approved by both the companys audit committee and its board of directors. The company characterizes the move as designed to protect its interests and support corporate stability.

Does this 36Kr 6-K change the companys economic ownership or only voting power?

The excerpt explains that Class C shares have the same rights as Class B shares except for voting rights, and highlights that each Class C share carries 100 votes. It emphasizes the resulting 74.5% voting power held by Palopo Holding Limited, but does not detail changes to overall economic ownership beyond the described repurchase and reissuance at US$0.0001 per share.