知乎6-K披露股份回購進展 共回購約664.7萬股

EX-99.1
2
tm2620213d1_ex99-1.htm
EXHIBIT 99.1

Exhibit 99.1

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Next Day Disclosure Return
(Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares)
Instrument: Equity issuer Status: New Submission
Name of Issuer: Zhihu Inc.
Date Submitted: 03 July 2026
Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the
Exchange (the “GEM Rules”).
Section I
1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes
Stock code (if listed) 02390 Description
A. Changes in issued shares or treasury shares
Events
Changes in issued shares
(excluding treasury shares)
Number of issued
shares (excluding
treasury shares)
As a % of existing
number of issued
shares (excluding
treasury shares) before
the relevant event
(Note 3)
Changes in treasury
shares
Number of treasury
shares
Issue/ selling price per
share (Note 4)
Total number of issued
shares
Opening balance as at (Note 1) 01 July 2026 250,907,515 0 250,907,515
1). Other (please specify)
See Part B
Date of changes 02 July 2026
%
Closing balance as at (Notes 5 and 6) 02 July 2026 250,907,515 0 250,907,515
 

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B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6)
1). Shares repurchased for cancellation but not yet canceled
Date of changes 01 April 2026
328,488 0.122 % USD 0.9366
2). Shares repurchased for cancellation but not yet canceled
Date of changes 02 April 2026
169,593 0.063 % USD 0.9938
3). Shares repurchased for cancellation but not yet canceled
Date of changes 06 April 2026
391,761 0.145 % USD 1.0333
4). Shares repurchased for cancellation but not yet canceled
Date of changes 07 April 2026
391,134 0.145 % USD 1.0268
5). Shares repurchased for cancellation but not yet canceled
Date of changes 08 April 2026
279,687 0.104 % USD 1.0802
6). Shares repurchased for cancellation but not yet canceled
Date of changes 09 April 2026
221,358 0.082 % USD 1.0885
7). Shares repurchased for cancellation but not yet canceled
Date of changes 10 April 2026
365,856 0.136 % USD 1.0915
8). Shares repurchased for cancellation but not yet canceled
Date of changes 13 April 2026
341,901 0.127 % USD 1.0864
9). Shares repurchased for cancellation but not yet canceled
Date of changes 14 April 2026
347,052 0.129 % USD 1.136
10). Shares repurchased for cancellation but not yet canceled
Date of changes 15 April 2026
230,343 0.085 % USD 1.179
11). Shares repurchased for cancellation but not yet canceled
Date of changes 16 April 2026
366,780 0.136 % USD 1.2245

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12). Shares repurchased for cancellation but not yet canceled
Date of changes 17 April 2026
422,766 0.157 % USD 1.2768
13). Shares repurchased for cancellation but not yet canceled
Date of changes 20 April 2026
394,065 0.146 % USD 1.2564
14). Shares repurchased for cancellation but not yet canceled
Date of changes 21 April 2026
368,010 0.136 % USD 1.2124
15). Shares repurchased for cancellation but not yet canceled
Date of changes 22 April 2026
361,530 0.134 % USD 1.242
16). Shares repurchased for cancellation but not yet canceled
Date of changes 05 June 2026
111,630 0.042 % USD 1.0357
17). Shares repurchased for cancellation but not yet canceled
Date of changes 08 June 2026
123,270 0.046 % USD 1.0798
18). Shares repurchased for cancellation but not yet canceled
Date of changes 09 June 2026
125,646 0.047 % USD 1.0525
19). Shares repurchased for cancellation but not yet canceled
Date of changes 10 June 2026
89,463 0.034 % USD 1.0666
20). Shares repurchased for cancellation but not yet canceled
Date of changes 11 June 2026
81,639 0.031 % USD 1.0545
21). Shares repurchased for cancellation but not yet canceled
Date of changes 12 June 2026
58,401 0.022 % USD 1.0604
22). Shares repurchased for cancellation but not yet canceled
Date of changes 15 June 2026
29,277 0.011 % USD 1.0722
23). Shares repurchased for cancellation but not yet canceled
Date of changes 16 June 2026
104,325 0.039 % USD 1.06

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24). Shares repurchased for cancellation but not yet canceled
Date of changes 17 June 2026
113,886 0.043 % USD 1.0473
25). Shares repurchased for cancellation but not yet canceled
Date of changes 18 June 2026
105,207 0.04 % USD 1.0454
26). Shares repurchased for cancellation but not yet canceled
Date of changes 22 June 2026
75,387 0.028 % USD 1.0284
27). Shares repurchased for cancellation but not yet canceled
Date of changes 23 June 2026
102,600 0.039 % USD 1.0332
28). Shares repurchased for cancellation but not yet canceled
Date of changes 24 June 2026
107,457 0.04 % USD 1.0218
29). Shares repurchased for cancellation but not yet canceled
Date of changes 25 June 2026
122,250 0.046 % USD 0.9925
30). Shares repurchased for cancellation but not yet canceled
Date of changes 26 June 2026
5,100 0.002 % USD 0.9833
31). Shares repurchased for cancellation but not yet canceled
Date of changes 29 June 2026
13,494 0.005 % USD 1.0331
32). Shares repurchased for cancellation but not yet canceled
Date of changes 30 June 2026
139,809 0.053 % USD 1.0519
33). Shares repurchased for cancellation but not yet canceled
Date of changes 01 July 2026
108,498 0.041 % USD 1.058
34). Shares repurchased for cancellation but not yet canceled
Date of changes 02 July 2026
135,000 0.051 % USD 1.0484
Remarks: 45,000 ADS were repurchased on the New York Stock Exchange on July 2, 2026 (U.S. time) at US$3.1452 per ADS. Each ADS represents three class A ordinary
shares.
The percentage as stated in the above "Changes in issued shares (excluding treasury shares) as a % of existing number of issued shares (excluding treasury shares)
before the relevant event" column was calculated based on the Company's issued shares of 266,141,270 (comprising 250,907,515 Class A ordinary shares and 

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15,233,755 Class B ordinary shares). 

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Confirmation Not applicable
Notes to Section I:
1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main
Board Rule 13.25B / GEM Rule 17.27B, whichever is the later.
2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of
changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For
example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note
must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible
notes, these must be disclosed as 2 separate categories.
3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued
shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return.
4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”.
Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given.
5. The closing balance date is the date of the last relevant event being disclosed.
6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 /
GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled.
If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as
at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B.
7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases.
8. “Identical” means in this context:
- the securities are of the same nominal value with the same amount called up or paid up;
- they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to
exactly the same sum (gross and net); and
- they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.

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Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1).
Repurchase report
Section II
1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes
Stock code (if listed) 02390 Description
A. Repurchase report
Trading date Number of shares
repurchased
Method of repurchase
(Note 1)
Repurchase price per share or
highest repurchase price per
share $
Lowest repurchase
price per share $ Aggregate price paid $
1). 02 July 2026 135,000 On another stock exchange
New York Stock Exchange
USD 1.0567 USD 1.0417 USD 141,533.49
Total number of shares
repurchased 135,000 Aggregate price paid $ USD 141,533.49
Number of shares
repurchased for
cancellation
135,000
Number of shares
repurchased for holding
as treasury shares
0
B. Additional information for issuer who has a primary listing on the Exchange
1). Date of the resolution granting the repurchase mandate 30 June 2026
2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 25,461,758
3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 383,307
4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate
(a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate
0.151 %
5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A
(Note 2)
Up to 01 August 2026

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We hereby confirm that the repurchases made on another stock exchange set out in Part A above were made in accordance with the Main Board Rules and that there have been no material
changes to the particulars contained in the Explanatory Statement dated June 8, 2026, which has been filed with the Exchange. We also confirm that any repurchases made on another stock
exchange set out in Part A above were made in accordance with the domestic rules applying to repurchases on that other stock exchange.
Notes to Section II:
1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer.
2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii)
announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise,
without the prior approval of the Exchange. 

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Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable
under Main Board Rule 10.06B / GEM Rule 13.14B.
Report of on-market sale of treasury shares Not applicable
Submitted by: Lau Yee Wa
(Name)
Title: Company Secretary
(Director, Secretary or other Duly Authorised Officer)