Zhihu Inc. has announced an update regarding its securities in compliance with the Hong Kong Code on Takeovers and Mergers, specifically Rule 3.8. The update, dated August 6, 2024, follows previous announcements related to an ongoing offer for the company's securities. On August 5, 2024, Zhihu cancelled 651 restricted shares under its 2012 Plan and 81,639 restricted share units under the 2022 Plan. Additionally, 3,843 Bulk Issuance Shares in the form of American Depositary Shares (ADSs) were used to settle awards under the same plans. The company disclosed the total number of issued and outstanding shares, which includes 277,246,136 Class A Ordinary Shares and 17,393,666 Class B Ordinary Shares, excluding Bulk Issuance Shares reserved for future issuances. Outstanding options and restricted shares under the 2012 Plan and restricted share units under the...Show More

Zhihu Inc. has announced an update regarding its securities in compliance with the Hong Kong Code on Takeovers and Mergers, specifically Rule 3.8. The update, dated August 6, 2024, follows previous announcements related to an ongoing offer for the company's securities. On August 5, 2024, Zhihu cancelled 651 restricted shares under its 2012 Plan and 81,639 restricted share units under the 2022 Plan. Additionally, 3,843 Bulk Issuance Shares in the form of American Depositary Shares (ADSs) were used to settle awards under the same plans. The company disclosed the total number of issued and outstanding shares, which includes 277,246,136 Class A Ordinary Shares and 17,393,666 Class B Ordinary Shares, excluding Bulk Issuance Shares reserved for future issuances. Outstanding options and restricted shares under the 2012 Plan and restricted share units under the 2022 Plan were also reported. Zhihu reminded associates to disclose dealings in the company's securities during the offer period, as per the Takeovers Code. The offer is conditional and may not become unconditional, prompting a cautionary note for shareholders and potential investors. The board of directors, including executive and non-executive members, affirmed their responsibility for the announcement's accuracy.