BEIJING, Oct. 30,
2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX:
2390) ("Zhihu" or the "Company"), a leading online content
community in China, today
announced the results of the Company's all cash tender offers
(the "Offers") to buy back up to 46,921,448 Class A ordinary shares
of the Company (including in the form of American depositary shares
(the "ADSs")). The Offers, including the U.S. Offer, expired at
4:00 a.m., New York City time, or 4:00 p.m., Hong
Kong time, on Wednesday, October 30,
2024 (the "Latest Acceptance Time"). The Company has been
advised by Broadridge Corporate Issuer Solutions, LLC, the tender
agent, and Computershare Hong Kong Investor Services Limited, the
registrar, that 33,016,016 Class A ordinary shares (including
19,877,118 Class A ordinary shares in the form of 6,625,706 ADSs)
were validly tendered and not properly withdrawn as of the Latest
Acceptance Time. The Company has accepted all these Class A
ordinary shares (including in the form of ADSs) to be bought back
and cancelled by the Company on completion of the Offers, which is
expected to take place on or before Friday,
November 8, 2024. The total consideration payable by the
Company for buying back the said Class A ordinary shares (including
in the form of ADSs) pursuant to the Offers is HK$300,775,906. The Company will promptly forward
cash in payment of the total consideration to the paying agent and
registrar for distribution to the accepting
shareholders and the accepting ADS holders.
Following the settlement of the Offers, there will be
261,860,348 shares issued and outstanding, which will comprise
246,413,570 Class A ordinary shares (including 126,582,633 Class A
ordinary shares in the form of 42,194,211 ADSs) and 15,446,778
Class B ordinary shares, excluding the Class A ordinary shares
issued to the depositary of the Company for bulk issuance
of ADSs reserved for future issuances upon the exercise or vesting
of awards granted under our stock incentive plans.
Certain Information Regarding the U.S. Offer
This press release is for information only and is not an offer
to purchase, a solicitation of an offer to purchase, or a
solicitation of an offer to sell any securities of the Company. The
U.S. Offer was made only pursuant to the U.S. Offer to Purchase and
other related materials.
Materials filed with the SEC are available electronically
without charge at the SEC's website, https://www.sec.gov.
Documents filed with the SEC may also be obtained without charge at
the Company's website, https://ir.zhihu.com.
About Zhihu Inc.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online
content community in China where people come to find
solutions, make decisions, seek inspiration, and have fun. Since
the initial launch in 2010, we have grown from a Q&A community
into one of the top comprehensive online content communities and
the largest Q&A-inspired online content community
in China. For more information, please
visit https://ir.zhihu.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to," or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC and the Hong Kong Stock Exchange. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any duty to
update such information, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Zhihu Inc.
Email: ir@zhihu.com
Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com
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SOURCE Zhihu Inc.
