Company: ZHIHF
Filing Date: 2025-04-15
Form Type: 20-F
Source: 0001410578-25-000729
Chunk: 395

Company: Zhihu Inc.
Filing Date: 2025-04-15
Form: 20-F
Item: Item 16E
Chunk 395
---
Item 16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
On June 10, 2022, our shareholders approved a share repurchase program, pursuant to which we were authorized to repurchase up to US$100 million of our shares over the next 12 months, or the 2022 Repurchase Program. In May 2023 and June 2024, our board of directors approved extensions of the 2022 Repurchase Program to remain effective until June 26, 2025. In addition, a concurrent share repurchase program was established in June 2024 and will remain effective until June 26, 2025, or the 2024 Repurchase Program. The maximum number of shares (including shares underlying the ADSs) that can be repurchased under the 2024 Repurchase Program, together with the remaining number of shares (including shares underlying the ADSs) that can be repurchased under the 2022 Repurchase Program, will not exceed 10% of the total number of our issued shares (excluding any treasury shares) as of June 26, 2024, the date of the resolution granting the general unconditional mandate to purchase the Company’s own shares approved by shareholders. 
In addition, we conducted an all cash tender offer and repurchased a total of 33,016,016 Class A ordinary shares tendered (including 19,877,118 Class A ordinary shares in the form of 6,625,706 ADSs), representing approximately 11.2% of the our total issued and outstanding ordinary shares before the repurchase. The total consideration for these Class A ordinary shares is approximately HK$300 million. These shares were repurchased and canceled on November 8, 2024.

148

The following table sets forth a summary of shares repurchase by us and our affiliated purchaser pursuant to our share repurchase programs and the tender offer repurchase. 

                 ​                     ​       ​        ​    ​      ​     ​            ​             ​          ​        
-------------------------------------------------------------------------------------------------------------------------
​                                      ​   ​            ​   ​      ​      ​                      ​   ​        Approximate
​                                      ​   ​            ​   ​      ​      ​                      ​   ​             Dollar
​                                      ​   Total        ​   Average       ​                      ​   ​   Value of Class A
​                                      ​   Number       ​   Price         ​        Total Number of   ​    Ordinary Shares
​