Company: ZHIHF
Filing Date: 2025-04-15
Form Type: 20-F
Source: 0001410578-25-000729
Chunk: 73

Company: Zhihu Inc.
Filing Date: 2025-04-15
Form: 20-F
Item: Item 3
Chunk 73
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 securities analysts;  
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  announcements of studies and reports relating to the quality of our product and service offerings or those of our competitors;  

  changes in the economic performance or market valuations of our peer companies;  
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  conditions in the online content community market;  

  detrimental negative publicity about us, our competitors, or our industry;  

  additions or departures of key personnel;  

  release of lockup or other transfer restrictions on our outstanding equity securities or sales of additional equity securities;  

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  regulatory developments affecting us or our industry;  

  any share repurchase program;  

  general economic or political conditions in China or elsewhere in the world;  

  fluctuations of exchange rates between the RMB and the U. S. dollar; and  
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  potential litigation or regulatory investigations.  

Any of these factors may result in large and sudden changes in the price and volume at which our Class A ordinary shares or the ADSs will trade. Furthermore, the stock market in general experiences price and volume fluctuations that are often unrelated or disproportionate to the operating performance of companies like us. These broad market and industry fluctuations may adversely affect the market price of our Class A ordinary shares or the ADSs. Volatility or a lack of positive performance in the price of our Class A ordinary shares or the ADSs may also adversely affect our ability to retain key employees, most of whom have been granted equity incentives. In December 2023, we received a letter dated December 28, 2023 from the New York Stock Exchange, notifying us that we were below compliance standards set forth in Section 802.01C of the NYSE Listed Company Manual due to the trading price of the ADSs. However, even though we regained compliance with the continued listing standards set forth in Section 802.01C of the NYSE Listed Company Manual or the alternative criteria, there can be no assurance that we will maintain our compliance with any other listing standards of the NYSE Listed Company Manual in the future. We cannot guarantee that the ADSs will be eligible for trading on any such alternative exchanges or markets in the United States. If the New York Stock Exchange determines to delist the ADS, or if we fail to list the ADSs on other stock exchanges or find alternative trading venue for the ADSs, the market liquidity and the price of our Shares