BEIJING, Oct. 16,
2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX:
2390) ("Zhihu" or the "Company"), a leading online content
community in China, today
announced that the proposed ordinary resolution relating to the all
cash tender offers (the "Offers") that commenced on September 9, 2024 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")) at an offer price of
HK$9.11 per Class A ordinary share
(equivalent of US$3.50 per ADS)
submitted for shareholders' approval (the "Proposed Resolution") as
set forth in the notice of extraordinary general meeting dated
September 9, 2024 has been duly
adopted at the extraordinary general meeting held in Beijing, China today.
After the adoption of the Proposed Resolution on October 16, 2024, the Offers have become
unconditional. The Offers will remain open for acceptance until
4:00 p.m., Hong Kong time, or 4:00
a.m., New York City time,
on Wednesday, October 30,
2024 (the "Latest Acceptance Time"). Beneficial owners
of ADSs or Class A ordinary shares held through
any broker, dealer, commercial bank, trust company, or other
nominee should be aware that they may require advance
notification before the Latest Acceptance Time in order
to be able to tender their ADSs or Class A ordinary shares
before the Offers expire. Accordingly, such beneficial owners of
ADSs or Class A ordinary shares wishing to participate in the
Offers should contact their broker, dealer, commercial bank,
trust company, or other nominee as soon as possible in order to
determine the times by which such beneficial owners must take
action in order to duly participate in the Offers.
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 will be made only pursuant to, and ADS holders and U.S.
shareholders may only tender in the U.S. Offer in accordance with,
the U.S. Offer to Purchase and other related materials.
ADS HOLDERS AND U.S. SHAREHOLDERS ARE URGED TO READ THE
COMPANY'S SCHEDULE TO, U.S. OFFER TO PURCHASE, AND OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ZHIHU INC. AND THE
U.S. OFFER.
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. ADS holders and
U.S. shareholders are also able to obtain a copy of these
documents, without charge, from Broadridge Corporate Issuer
Solutions, LLC, the information agent for the U.S. Offer.
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.