• Shareholders will vote on a proposed RMB 1.5 billion cash capital commitment to an AI-focused investment fund via a wholly owned subsidiary.
• The subscription would buy a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership, with ownership capped at 30% post-closing.
• The fund targets early-to-mid-stage unlisted AI and related technology companies with a mainland China nexus under a blind-pool mandate.
• Management is seeking approval at an extraordinary general meeting planned for the near future.
• Zhihu is backing the deal as a way to broaden access to AI investments while keeping its core online content community strategy unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhihu Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-105651), on September 08, 2026, and is solely responsible for the information contained therein.