Company: ZHIHF
Filing Date: 2025-04-15
Form Type: 20-F
Source: 0001410578-25-000729
Chunk: 187

Company: Zhihu Inc.
Filing Date: 2025-04-15
Form: 20-F
Item: Item 3
Chunk 187
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 plan and industry research.

Discount rate. When measuring the fair value of reporting unit, future cash flows are discounted at a rate that is consistent with a weighted-average cost of capital that we anticipate a potential market participant would use. Weighted-average cost of capital is an estimate of the overall risk-adjusted pre-tax rate of return expected by equity and debt holders of a business enterprise.

Sensitivity Analysis. The estimate of fair value of the reporting units are sensitive to our assumptions in these factors. When one of our estimates of revenue growth rates and discount rate decreased or increased by 1% while holding all other estimates constant, there would be no significant impact to our consolidated financial statements.

For the year ended December 31, 2024, due to the changing market conditions and fluctuations in our share price, we performed both qualitative and quantitative analysis as of December 31, 2024. A third-party valuation firm was engaged to help us determine the fair value of the reporting unit by applying income approach. We concluded that there was no impairment of goodwill as of December 31, 2024.

Table of Contents

Item 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

A. Directors and Senior Management

The following table sets forth information regarding our directors and executive officers as of the date of this annual report.

  Directors and Executive Officers      Age      Position/Title                                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Yuan Zhou                              44      Founder, Chairman, and Chief Executive Officer  
  Han Wang                               34      Chief Financial Officer                         
  Bin Sun                                43      Chief Technology Officer                        
  Dahai Li                               44      Director                                        
  Zhaohui Li                             49      Director                                        
  Bing Yu                                45      Director                                        
  Hanhui Sam Sun                         52      Independent Director                            
  Hope Ni                                52      Independent Director                            
  Derek Chen                             49      Independent Director                            

Yuan Zhouis our founder and has served as the chairman of our board of directors and chief executive officer since our inception. Mr. Zhou is an entrepreneur with over 15 years of experience in internet and media. Since January 2024, Mr. Zhou has served as a director of Beijing ModelBest Intelligent Technology Co., Ltd., a portfolio investee of ours. Prior to founding our company, Mr. Zhou founded Beijing Nuobote Informational Technology Co., Ltd., a start-up company that focused on the development of big data analytics for e-commerce businesses from