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. has set the record dates that determine which shareholders can vote at and attend its forthcoming annual general meeting. Holders of Class A and Class B ordinary shares on the Hong Kong and Cayman share registers at the close of business on May 22, 2026, Hong Kong time, will be eligible, subject to transfer documents being lodged by the specified deadlines.
Holders of American depositary shares (ADSs), each representing three Class A ordinary shares, as of the close of business on May 22, 2026, New York time, may attend the meeting but cannot vote directly. Instead, they may instruct JPMorgan Chase Bank, N.A., as depositary, on how to vote the underlying Class A shares.
Zhihu Inc. Chief Financial Officer Wang Han received 330,000 Class A ordinary shares as an equity award. These shares were acquired at $0.01 per share when restricted share units (RSUs) vested after their performance-based conditions were achieved on April 17, 2026.
This is a compensation-related grant, not an open-market purchase or sale, and it increased his direct holdings to 2,830,000 Class A ordinary shares.
Zhihu Inc. files its Form 20-F annual report for the year ended December 31, 2025, reporting revenues of RMB2,749,004 thousand and a net loss of RMB195,161 thousand. The report explains Zhihu’s variable interest entity structure in mainland China and highlights heavy reliance on VIEs, which generated 68.7% of 2025 revenue. It details significant legal and regulatory risks tied to PRC foreign investment limits, evolving data and cybersecurity rules, licensing requirements, and potential enforcement that could impair operations or even make Zhihu’s securities substantially less valuable. Zhihu also describes HFCAA-related delisting risks, cash flow constraints from PRC dividend and capital controls, and continued negative operating cash flow despite a sizeable cash balance and net assets.
Zhihu Inc. files its Form 20-F annual report for the year ended December 31, 2025, reporting revenues of RMB2,749,004 thousand and a net loss of RMB195,161 thousand. The report explains Zhihu’s variable interest entity structure in mainland China and highlights heavy reliance on VIEs, which generated 68.7% of 2025 revenue. It details significant legal and regulatory risks tied to PRC foreign investment limits, evolving data and cybersecurity rules, licensing requirements, and potential enforcement that could impair operations or even make Zhihu’s securities substantially less valuable. Zhihu also describes HFCAA-related delisting risks, cash flow constraints from PRC dividend and capital controls, and continued negative operating cash flow despite a sizeable cash balance and net assets.
Zhihu Inc. granted an aggregate of 1,530,309 restricted share units (RSUs) on April 15, 2026 to seven eligible employees under its 2022 Share Incentive Plan. These RSUs represent the same number of Class A Ordinary Shares and about 0.61% of total shares in issue on a one share one vote basis.
The RSUs have a 48‑month mixed vesting schedule, with tranches starting to vest after the first anniversary of the vesting commencement date and continuing in batches. Vesting is tied to performance targets, and any unachieved portion is forfeited. The grant price is US$0.01 per RSU, compared with market prices of HK$8.74 per Class A share in Hong Kong and US$3.40 per ADS in New York around the grant date.
The company states that the awards aim to align employee and shareholder interests and help attract and retain key talent. None of the grantees are directors, chief executives, substantial shareholders, or their associates, and no shareholder approval is required for these grants.