Zhihu Inc. filings document the reporting obligations of a foreign private issuer with ADSs listed on the NYSE and Class A ordinary shares listed on the Hong Kong Stock Exchange. Its Form 20-F and related 6-K submissions cover audited consolidated financial statements, annual reporting, ESG materials and current reports for its China-based online content community.
The filing record also includes Hong Kong monthly returns and next day disclosure returns for movements in securities, share repurchases and cancellations, treasury-share status, public-float confirmations, and changes involving WVR ordinary shares. Governance-related filings address annual general meeting record dates, shareholder voting eligibility and the company’s dual-class share structure.
Zhihu Inc. (ZH) granted 809,802 RSUs to five eligible employees on October 16, 2026, subject to the grantees’ acceptance and the plan’s terms. The RSUs represent the same number of Class A Ordinary Shares and approximately 0.32% of total shares in issue, on a one-share-one-vote basis and excluding treasury shares, as of October 16, 2026. The purchase price is US$0.01 per RSU.
The awards have a mixed vesting schedule over a total vesting period of 48 months. Vesting of certain RSUs depends on performance targets; the portion scheduled for a period is void and forfeited if the applicable targets are not met. Unvested RSUs are forfeited upon termination of employment. Shareholder approval is not required for the grants.
Zhihu Inc. completed the subscription of the fund on October 21, 2026, following shareholder approval. The announcement describes the subscription as a major transaction.
Zhihu Inc. shareholders approved and ratified the previously announced subscription, through a wholly owned subsidiary, for a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership (Limited Partnership), with a RMB1.5 billion capital commitment. The ordinary resolution passed at the extraordinary general meeting held October 20, 2026, and authorized the Board and its delegates to take steps and execute documents related to the subscription, including finalization and entry into the Partnership Agreement.
The poll recorded 297,303,207 votes in favor (99.970329%), 88,239 against (0.029671%) and 4,219 abstentions. The resolution passed by a simple majority of valid votes cast; total votes cast for and against were 297,391,446. Class B ordinary shares carry ten votes each, compared with one vote per Class A share.
254,004,740 shares were entitled to attend and vote, comprising 239,142,421 Class A and 14,862,319 Class B ordinary shares. This count excluded 5,647,365 repurchased shares pending cancellation.
Zhihu Inc. (ZH) granted 809,802 RSUs to five employees on October 16, 2026. The awards represent the same number of Class A ordinary shares and approximately 0.32% of shares in issue, excluding treasury shares, on a one-share-one-vote basis, as of that date. The purchase price was US$0.01 per RSU.
The mixed vesting schedule has a total vesting period of 48 months, and certain RSUs are subject to performance targets. The stated market prices were HK$9.0 per Class A ordinary share on October 16, 2026, and US$3.5 per ADS on October 15, 2026, the preceding New York Stock Exchange trading day. Following the grant, 14,674,503 shares remained available under the plan’s scheme mandate limit and 521,933 shares under its service provider sublimit. None of the grants is subject to shareholder approval.
Zhihu Inc. agreed through its wholly owned subsidiary to subscribe for a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership with a cash capital commitment of RMB1.5 billion. The subscription and partnership agreement are subject to shareholder approval at the October 20, 2026 EGM. If fully contributed, long-term investments would increase and cash and cash equivalents decrease by RMB1.5 billion each, with no significant impact on the consolidated statements of operations and comprehensive loss.
The blind-pool Fund targets early-to-mid-stage unlisted AI and related-technology companies with a mainland China nexus; targets have not been determined, and Zhihu will not make investment decisions. The Fund Manager expects total commitments of at least RMB5 billion; Zhihu expects its interest to be no more than 30% based on final commitments. Terms include a one-off fee of 5% of paid-up capital and return of paid-up capital before remaining distributions of 85% to limited partners and 15% to the general partner.
As of June 30, 2026, the Group had approximately RMB4.4 billion in cash and cash equivalents, term deposits, restricted cash and short-term investments (unaudited). First-half 2026 revenue decreased 7.2% year over year; adjusted net income (non-GAAP) was RMB6.9 million, and adjusted operating loss narrowed 19.5%. Share and ADS holders of record on September 21, 2026 may vote or instruct votes; proxy forms are due October 18.