Company: ZHIHF
Filing Date: 2025-04-15
Form Type: 20-F
Source: 0001410578-25-000729
Chunk: 224

Company: Zhihu Inc.
Filing Date: 2025-04-15
Form: 20-F
Item: Item 3
Chunk 224
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 ordinary shares on which the dividends are paid are readily tradeable on an established securities market in the United States, or, in the event that we are deemed to be a PRC resident enterprise under the PRC tax law, we are eligible for the benefits of the United States-PRC income tax treaty (the “ Treaty”), (2) we are neither a PFIC nor treated as such with respect to such a U. S. Holder for the taxable year in which the dividend was paid and the preceding taxable year, and (3) certain holding period requirements are met. Our ADSs (but not our Class A ordinary shares) are currently listed on the New York Stock Exchange, which is an established securities market in the United States. We received a letter on December 28, 2023 from the NYSE notifying use that we were below compliance standards of the NYSE and, if we fail to regain compliance on a timely basis, our ADSs could be delisted from the NYSE. Even though we regained compliance with the continued listing standards of the NYSE, there can be no assurance that we will maintain our compliance with the listing standards of the NYSE in the future. See “ Item 3. Key Information - D. Risk Factors - Risks Relating to Our ADSs and Class A Ordinary Shares - The trading prices of our Class A ordinary shares and the ADSs have been and may be volatile, which could result in substantial losses to investors.”

In the event that we are deemed to be a PRC resident enterprise under the PRC Enterprise Income Tax Law (see “ - PRC Taxation”), we may be eligible for the benefits of the Treaty. If we are eligible for such benefits, dividends we pay on our Class A ordinary shares, regardless of whether such shares are represented by the ADSs, would be eligible for the reduced rates of taxation described in the preceding paragraph.

Table of Contents

Dividends paid on our ADSs or Class A ordinary shares, if any, will generally be treated as income from foreign sources and will generally constitute passive category income for U. S. foreign tax credit purposes. Depending on the U. S. Holder’s individual facts and circumstances, a U. S. Holder may be eligible, subject to a number of complex limitations, to claim a foreign tax credit in respect of any nonrefundable foreign withholding taxes imposed on dividends received on our ADSs or Class A ordinary shares. A U. S. Holder who does not elect to claim a foreign tax credit for foreign taxes