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PR Newswire

HUYA Inc. Provides Update on Status under Holding Foreign Companies Accountable Act

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GUANGZHOU, China, May 5, 2022 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game live streaming platform in China, today provides an update on its status under the Holding Foreign Companies Accountable Act (the “HFCAA”).

Huya is aware that the Company has been identified by the United States Securities and Exchange Commission (the “SEC”) under the HFCAA on May 4, 2022. Huya understands such identification may result from its filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021.

Huya understands the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder, and this indicates that the SEC determines that the Company used an auditor whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board (the “PCAOB”), to issue the audit opinion for its financial statements for the fiscal year ended December 31, 2021.

In accordance with the HFCAA, a company will be delisted from a U.S. stock exchange only if the company has been identified by the SEC for three consecutive years due to the PCAOB’s inability to inspect auditor’s working paper.

Huya has been actively exploring possible solutions. The Company will continue to comply with applicable laws and regulations in both China and the United States, and strive to maintain its listing status on the New York Stock Exchange.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China’s young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya’s open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

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. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya’s goals and strategies; Huya’s future business development, results of operations and financial condition; the expected growth of the game live streaming market; the expectation regarding the rate at which to gain active users, especially paying users; Huya’s ability to monetize the user base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Huya’s business operations and the economy in China and elsewhere generally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

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Source: HUYA Inc.

PR Newswire

Teachmint group-owned Teachstack partners with Indonesian edtech Terampil to build interactive learning experiences

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  • Marks Teachstack’s first partnership in Indonesia, at the heels of recent ed-tech partnerships across Bangladesh and Malaysia.

JAKARTA, Indonesia, May 4, 2022 /PRNewswire/ — Teachmint group-owned Teachstack announced its entry into Indonesia with its first partnership with Terampil – a fast-growing ed-tech startup focused on career building and on-demand training. Teachstack will support Terampil’s vision of delivering a distinctive online learning experience to its students by providing a ready-to-launch classroom solution.

Teachstack is Teachmint’s Video-as-a-Service offering for edtech organizations across the globe to enable them with their proprietary, state-of-the-art plug and play live class solutions. The offering reduces the go-to-market time for ed-tech players by helping them integrate native classroom infrastructure with minimal code.

Mihir Gupta, Co-founder & CEO of Teachmint, said, “With our innovation in education infrastructure, we want to power the global ed-tech economy by partnering with startups solving unique, scalable problems in their geographies. We’re delighted to partner with Terampil with our technological offerings and be a part of their journey. Through Teachstack, we’re looking forward to building more such partnerships which would revolutionize digital education across the globe.”

Terampil is an online learning platform to build wealth, career & business through active learning and certified training that is easy to access, supervised, and affordable. Terampil currently offers 130 courses on-demand from 100+ expert mentors. Their repository covers critical areas of upskilling like Personal & Business Foundations, Marketing & Branding, Sales, Operational & Technology, Finance & Accounting & Human Capital.

Amrullah Azmy, Founder & CEO of Terampil said, “We started this journey in October 2021 with a vision to build agile human resources ready for global competition. Interactive learning experiences are critical for us to drive impactful learning outcomes. Our partnership with Teachstack aims to strengthen this. Teachstack is a one of a kind innovation that solves for live streaming within our apps in the simplest and fastest way possible; hence our choice was simple! We look forward to a fruitful partnership in bringing quality learning experiences to the world.”

About Teachmint

Teachmint is a leading education infrastructure startup. Available in 20 languages, with 10+ million teachers & students from 30+ countries on its platform, Teachmint today is the only solution catering to end-to-end infrastructure needs of all education providers; from K-12 schools to after-school tutoring, universities, creators and edtechs.

Media Contact:
Purnima Joshi
purnima@teachmint.com
+91-9535042561

PR Newswire

MatchCraft Again Recognized as Global Rising Star of the Year at Microsoft Advertising Partner Awards

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LOS ANGELES, April 30, 2022 /PRNewswire/ — MatchCraft, a global leader in digital advertising technology, was again recognized by Microsoft Advertising, this time as the Global Rising Star of the Year. MatchCraft took home the top prize for its global focus on integrating features that drive both scalability, feature adoption, and growth for its reseller and agency partners.

MatchCraft Named Global Rising Star of the Year by Microsoft Advertising.
MatchCraft Named Global Rising Star of the Year by Microsoft Advertising.

At the heart of MatchCraft’s vision and mission is its ability to deliver consistent results across multiple channels and to do so in a scalable manner. A critical component of their success is the inclusion of Microsoft Advertising inventory in their suite of solutions. “Given the challenges local businesses have faced around the world, maximizing advertising budgets and reach was the driving force behind much of our development in 2021,” says Sandy Lohr, CEO of MatchCraft. “To be recognized a second time, not just for our efforts in the Americas but Globally, is truly an honor and speaks to the strength of our partnership with Microsoft Advertising.”

“Microsoft Advertising is delighted to show our appreciation and acknowledge the well-deserved recognition for MatchCraft as the Global Rising Star of the Year. Our partners are critical to our business and it’s a privilege to recognize those who lead with a spirit of collaboration, innovation, and inclusive behavior. Our partners have displayed a strong commitment to their clients, and to their communities during a time of uncertainty and disruption,” added Sean O’Connor, International Marketing Director at Microsoft Advertising.

About MatchCraft

MatchCraft provides a best-in-class advertising platform that enables companies to successfully sell and manage search, display, and social campaigns for their advertisers. Unlike other advertising technology platforms, MatchCraft’s platform AdVantageTM helps organizations efficiently manage campaigns of all sizes, enabling clients to deliver results to their advertisers. MatchCraft’s sophisticated real-time bidding algorithms, and a team of digital marketing enthusiasts, work relentlessly to deliver exceptional ROI for merchants around the world. MatchCraft is a fully remote company with team members across the US, Europe, Mexico, and India. For digital marketing news, advice, and to stay in the loop on product rollouts, follow MatchCraft on Facebook, MatchCraft on Twitter, MatchCraft on LinkedIn or visit www.MatchCraft.com.

About Microsoft Advertising

Represent your brand at its best with advertising solutions guided by an uncompromising respect for privacy, brand safety, and data security. Microsoft Advertising provides intelligent solutions that empower you to deliver engaging, personalized experiences to over a half a billion people worldwide. Bing powers billions of searches monthly on the Microsoft Search Network, including Verizon Media properties (AOL, Yahoo), platforms like Amazon and Apple, and on Microsoft services like Windows, Office and Microsoft Edge. Extend your reach and campaign performance with Microsoft Audience Network, high-quality native placements across devices on premium sites like MSN, Outlook.com, Microsoft Edge, and Verizon Media. Only Microsoft Advertising offers LinkedIn Profile targeting on search and native to help you find highly relevant audiences based on their company, job function and industry. With Microsoft Advertising, gain access to in-depth insights, intelligent advertising tools that use AI to improve campaign performance and audience targeting solutions to create more personalized advertising experiences. Microsoft Advertising. Intelligent connections.

Contact: Amie Slott, info@matchcraft.com

PR Newswire

ACE Money Transfer and Bank Alfalah Giving Away SIX Kia Sportage Alpha

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MANCHESTER, England, April 28, 2022 /PRNewswire/ –The partnership between Bank Alfalah, one of the largest commercial banks in Pakistan and ACE Money Transfer, a leading online remittance provider, is all set to reach new heights with their latest marketing campaign. Overseas Pakistanis using legal remittance channels to the country will get a chance to win one of six KIA Sportage Alpha. ACE Money Transfer and Bank Alfalah, through the launch of this campaign, remain committed to facilitating overseas Pakistanis with fast, secure and convenient remittance options.

As part of this promotional campaign, customers sending remittances between 1st April to 30th June 2022 from the UK, Europe, Switzerland, Canada, and Australia to any Bank Alfalah account or for cash pickup at any of the 790 Alfalah branches across Pakistan will be eligible to win one of six brand new KIA Sportage Alpha.

Mr Rashid Ashraf, CEO of ACE Money Transfer said, “Pakistan remains a key payout corridor for us, and we are excited to continue our partnership with Bank Alfalah. Today’s customer is always on the lookout for a solution that provides security, and convenience and saves them time. With Bank Alfalah’s vast network of branches across the country and state of the art technology, we are able to provide seamless money transfer to millions of Pakistanis living around the globe.”

“Inward remittance is one of the backbones of Pakistan and Bank Alfalah is working persistently for its continuous growth,” said Saad Ur Rahman Khan, Group Head – Corporate, Investment Banking & International Business of Bank Alfalah. “We offer innovative and convenient solutions to our customers and encourage them to remit money through legal channels. This promotional campaign will reward our valued customers for sending remittances through ACE Money Transfer.”

For details, visit: https://acemoneytransfer.com/promotion/alfalah-kia-sportage

About ACE Money Transfer

ACE Money Transfer (registered name “Aftab Currency Exchange Limited”), based out of Manchester, the UK, is a growing remittance provider. It offers impeccable online money transfer services to millions of Pakistani expatriates with an extensive network of 350,000+ locations spread across 100+ countries worldwide.

About Bank Alfalah

Bank Alfalah is among the largest private banks in Pakistan, with a network of over 790 branches in more than 200 cities across Pakistan, with an international presence in Bangladesh, Afghanistan, Bahrain, and UAE. The Bank is owned and operated by the Abu Dhabi Group.

Media Contact:
marketing@acemoneytransfer.com
+44 161 3936 999 

Video: https://www.youtube.com/watch?v=Rb9SlXL66Wc

  

PR Newswire

Hello Group Files Annual Report on Form 20-F for Fiscal Year 2021

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BEIJING, April 27, 2022 /PRNewswire/ —  Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading mobile social and entertainment platform in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2021. The annual report can be accessed on the Company’s investor relations website at https://ir.hellogroup.com/ or on the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s Investors Relations Department via email at ir@hellogroup.com or by mail at 20th Floor, Block B, Tower 2, Wangjing SOHO, No. 1 Futongdong Street, Chaoyang District, Beijing 100102, People’s Republic of China.

About Hello Group Inc.

We are a leading player in China’s online social and entertainment space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application. It is designed to help its users find and establish romantic connections as well as meet interesting people. We also operate a number of other applications to serve different social and entertainment demands from our users.

For investor and media inquiries, please contact:

Hello Group Inc.

Investor Relations
Phone: +86-10-5731-0538
Email: ir@hellogroup.com  

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com  

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

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Source: Hello Group Inc.

PR Newswire

LinkieBuy has formally launched its plan to introduce 100 Japanese retail merchants to the Chinese market

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HANGZHOU, China, April 26, 2022 /PRNewswire/ — LinkieBuy, a comprehensive cross-border e-commerce service provider in China, recently conducted an internal conference and declared publicly its intention to recruit 100 Japanese retail merchants to China market. The strategy focuses on the cross-border digital business of Japanese offline retailers, travel retail stores, duty-free stores, and other related industry merchants. The business includes cross-border mini program malls within the WeChat ecology, online marketing for e-commerce operations, cross-border warehousing and logistics, private domain core user repurchase, and other related cross-border businesses to China.

Chinese customers’ thirst for Japanese items has increased as a result of the pandemic, particularly during the Beijing Winter Olympics. The quick shift in consumption channel direction has resulted in a rise in cross-border internet channel penetration from China to Japan. The extension of the idea of imported DTC consumption to China has led to the rapid creation of the cross-border independent online store model, which is more favorable than traditional cross-border platforms, in the current wave of cross-border e-commerce tidal. Among them, the independent online store type cross-border e-commerce represented by the WeChat mini program mall within the ecology of WeChat, China’s largest social media APP, is gaining popularity with Japanese businesses.

“This year, we will increase our efforts to expand cooperation with Japanese offline retail merchants, ensure merchants’ sales in China through online mall building support, WeChat clients traffic support, B2B distribution channel support, and assist more Japanese offline retailers to realize digital transformation in China market,” said Simon Qi, general director of LinkieBuy and vice president of Xingyun Group.

Numerous Japanese companies have done business with China since the RCEP was implemented, resulting in increasing rivalry for product sales in China. LinkieBuy is a leading Chinese consumer goods digital supply chain service platform focused on assisting Japanese offline retail merchants in selling directly to Chinese consumers via the WeChat ecosystem. We aim to create more sales value for customers through years of accumulated digital cross-border operation capabilities.

It is reported that LinkieBuy has already partnered with more than 100 well-known Japanese retailers, including Seibu and Sogo Stores, KOMEHYO, Daimaru Matsuzakaya Department Stores, and Tsuruha. It offers Japanese offline shops in China cross-border digital transformation services such as WeChat mini program mall building, cross-border warehousing, logistics solutions, and online mall administration. It helps a variety of merchants access the Chinese market swiftly and we possess rich experience in how Japanese offline retailers doing e-commerce business in China.

Simon explained, “After the official launch of this Japanese 100 retail merchants to China introduction program. We will hold regular monthly online seminars for the Japanese market to explain the export policy to China, sales method of online business into China, cross-border mini program mall operation strategy, WeChat marketing skills, and other knowledge. Retailers who are interested in it can contact us via our official website or email.”

CONTACT: Hongting Chen, +86-19357597595, chen.hongting@xyb2b.com 

PR Newswire

South-South Cooperation Knowledge Sharing Platform Goes Live

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A news report by WFP China COE: The World Food Programme (WFP)-China South-South Cooperation Knowledge Sharing Platform (www.wfpchinacoe.net) launch ceremony was held at the UN Compound on April 15, 2022.

BEIJING, April 18, 2022 /PRNewswire/ — The World Food Programme (WFP)-China South-South Cooperation (SSC) Knowledge Sharing Platform (www.wfpchinacoe.net) launch ceremony was held at the UN Compound on April 15, 2022. More than 100 representatives from Chinese government, foreign missions in China, international organizations and academia, attended the event either online or in person.

The platform was supported by the Ministry of Agriculture and Rural Affairs of the People’s Republic of China (MARA), and jointly developed by WFP Centre of Excellence for Rural Transformation (WFP China COE) and China Internet Information Center (CIIC).

Visitors can access information on the platform about China’s experiences and solutions in the following four thematic areas: Value Chain Development for Smallholders, Post-harvest Loss Management and Food Systems, Disaster Risk Reduction and Climate Change Resilience, and Innovative Poverty Alleviation Initiative. These can help empower them to enhance food security in their local areas.

The platform also offers Cloud School, an inclusive digital education space, which features programmes that are tailored to the needs of participants of all levels. It is a response to the rising demand for China’s vetted knowledge about food security, nutrition improvement, poverty alleviation and rural transformation. Courses offered in Cloud School reflect WFP China COE’s work on the four thematic areas, as well as the value chain development in rice, Juncao and cassava. Certificates of completion are awarded to those who successfully finish them.

Xie Jianmin, Counsel (Director-General Level) of Department of International Cooperation, MARA, noted that the WFP-China SSC Knowledge Sharing Platform, as a knowledge hub, will make contributions to food security and nutrition improvement by enabling visitors to learn about experiences and practices related to China’s agricultural and rural development.

Du Zhanyuan, President of China International Communications Group (CICG), said CICG will take new formats such as digital media and publishing as an important developing direction to provide digital support for South-South cooperation projects, promote capacity-building and knowledge sharing for development in developing countries, and promote more inclusive and sustainable digital economic cooperation with partners together.

Cao Yingjun, Acting Director General of China’s National Food and Strategic Reserves Administration’s Department of International Cooperation, emphasised that the Administration is willing to share and exchange China’s experience with other countries in ensuring food security and advancing the transformation of the food system, and make joint contributions to the implementation of the 2030 Agenda for Sustainable Development.

Rahamtalla Osman, Representative of the African Union to China, observed that the website’s educational programmes will enhance South-South and triangular cooperation between China and Africa.

Siddharth Chatterjee, UN Resident Coordinator in China, remarked that China has an important opportunity and responsibility to lead and guide other developing countries, leveraging its experience, expertise, and resources to serve and benefit the Global South.

Qu Sixi, Representative of WFP China, concluded in his video remarks that the Knowledge Sharing Platform provides a digitalised space for WFP China COE to boost operational engagement related to South-South and triangular cooperation. It’s a viable pathway to address common challenges and to accelerate progress towards zero hunger.

South-South Cooperation Knowledge Sharing Platform Goes Live

http://p.china.org.cn/2022-04/15/content_78168353.htm

About WFP-China South-South Cooperation Knowledge Sharing Platform (www.wfpchinacoe.net):

Visitors can access information on the platform about China’s experiences and solutions in the following four thematic areas: Value Chain Development for Smallholders, Post-harvest Loss Management and Food Systems, Disaster Risk Reduction and Climate Change Resilience, and Innovative Poverty Alleviation Initiative. The platform also offers Cloud School, an inclusive digital education space, which features programmes that are tailored to the needs of participants of all levels. It is a response to the rising demand for China’s vetted knowledge about food security, nutrition improvement, poverty alleviation and rural transformation.

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PR Newswire

CGTN: What’s high on China’s agenda for development?

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BEIJING, April 13, 2022 /PRNewswire/ — China has entered a stage of high-quality development, and the southern province of Hainan is spearheading the country’s efforts to balance environmental protection and development.

Chinese President Xi Jinping has been in Hainan since Sunday, placing ecological conservation, rural revitalization and food security high on the agenda during his inspection.

National park system

When inspecting a section of the Hainan Tropical Rainforest National Park on Monday in the city of Wuzhishan, President Xi stressed the importance of boosting national park development in Hainan.

He also highlighted the need to fully understand the strategic significance of Hainan’s national park development to the country, and urged continuous and solid efforts in this regard.

Following the principle of “ecological protection first,” China in 2017 unveiled the overall plan for establishing its new national park system in an effort to promote human-nature harmony, biodiversity conservation and sustainable development.

Last year, the Chinese leader announced the official designation of the country’s first group of national parks when delivering a keynote speech via video link at the leaders’ summit of the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15). The Hainan Tropical Rainforest National Park is one of them.

The national park spans nine cities and counties, covering a total area of over 4,000 square km. It is home to the most concentrated and well-preserved tropical rainforests in China and the only habitat for Hainan gibbons, the world’s rarest primates.

Unlike ordinary national parks, the designated national parks are part of the country’s “red line” strategy for ecological conservation and subject to the strictest possible protection measures.

With the national park system taking shape in the world’s most populous country, China has taken a solid step toward a future where all beings can live in harmony and flourish through a system of protected areas with national parks as the mainstay.

Rural revitalization in full swing

During his inspection tours across the country, the Chinese president always stopped to chat with rural families. On Monday, he walked into the homes of local ethnic Li people in Maona, a village in the city of Wuzhishan, and had cordial exchanges with local officials and villagers.

In Maona’s public square, the locals extended a warm welcome to Xi.

“We have attained a moderately prosperous society in all respects and are marching toward modernization and promoting common prosperity,” Xi said, urging solid efforts to consolidate poverty alleviation achievements and align them with the full advancement of rural revitalization.

China is continuing efforts for rural development, with the Report on the Work of the Government released in March emphasizing boosting agricultural production and promoting all-around rural revitalization in 2022.

Xi also called on Party officials to make “every possible effort” to ensure that people can live happy lives, saying Party officials should not harbor any selfish interests, and they should devote themselves to the improvement of people’s lives.

“What the Communist Party of China cares about is how to make sure the lives of Chinese people of all ethnic groups are getting better every day.”

‘Chinese seeds’

China’s food security can only be safeguarded when seed resources are firmly held in our own hands, President Xi said while inspecting the city of Sanya on Sunday, calling for working toward food self-sufficiency and advancing the country’s seed sector.

“To ensure that China’s seed resources are self-supporting and under better control, self-reliance must be achieved in seed technology,” he said.

However, Xi acknowledged that the process would take time. “It takes 10 years to sharpen a sword,” said Xi, quoting a Chinese saying.

Highlighting the strategic significance of the related work, he called for carrying forward the spirit of scientists and researchers of the older generations, including Yuan Longping (1930-2021), who was known for developing the first hybrid rice varieties in the 1970s and staving off hunger for millions.

In the newly-unveiled “No. 1 Central Document,” the first policy statement released by China’s central authorities this year, the country has outlined seed industry development as one of its policy priorities, with specific moves such as implementing an action plan on the seed industry, promoting germplasm collection and enhancing intellectual property protection in the sector.

https://news.cgtn.com/news/2022-04-12/Xi-inspects-Wuzhishan-in-Hainan-19aEjvCVVzG/index.html

PR Newswire

Zhihu Inc. Launches Global Offering

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BEIJING, April 9, 2022 /PRNewswire/ — Zhihu Inc. (NYSE: ZH) (“Zhihu” or the “Company”), the operator of Zhihu, a leading online content community in China, today announced the launch of its global offering (the “Global Offering”) of 26,000,000 Class A ordinary shares of the Company, which comprises a Hong Kong public offering of initially 2,600,000 Class A ordinary shares commencing on April 11, 2022, Hong Kong time (the “Hong Kong Public Offering”) and an international offering of initially 23,400,000 Class A ordinary shares commencing today (the “International Offering”), and dual-primary listing (the “Hong Kong Listing”) of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) under the stock code “2390.”

The Company’s American depositary shares (the “ADSs”), two of which represent one Class A ordinary share of the Company, will continue to be listed and traded on the New York Stock Exchange (“NYSE”). Investors in the Global Offering will only be able to purchase Class A ordinary shares and will not be able to take delivery of ADSs. Upon the Hong Kong Listing, the Class A ordinary shares listed on the Hong Kong Stock Exchange will be fully fungible with the ADSs listed on the NYSE.

The initial number of Class A ordinary shares under the Hong Kong Public Offering and the International Offering represent 10% and 90% of the total number of Class A ordinary shares initially available under the Global Offering, respectively, subject to reallocation and over-allotment. Subject to the level of oversubscription in the Hong Kong Public Offering and pursuant to the claw back mechanism, as described in the Hong Kong prospectus to be issued by the Company in Hong Kong dated April 11, 2022, the total number of Class A ordinary shares available under the Hong Kong Public Offering could be adjusted to up to a maximum of 13,000,000 Class A ordinary shares, representing 50% of the Class A ordinary shares initially available under the Global Offering. In addition, certain selling shareholders expect to grant the international underwriters an over-allotment option to require these selling shareholders to sell up to an additional 3,900,000 Class A ordinary shares in the International Offering, representing no more than 15% of the total number of Class A ordinary shares initially available under the Global Offering.

The offer price for the Hong Kong Public Offering (the “Hong Kong Offer Price”) will be no more than HK$51.80 per Class A ordinary share (the “Maximum Hong Kong Offer Price”), or US$6.64 per Class A ordinary share (equivalent to US$3.32 per ADS). The offer price for the International Offering tranche of the Global Offering (the “International Offer Price”) may be set higher than, or the same as, the Maximum Hong Kong Offer Price. The International Offer Price will be set on or about April 14, 2022, Hong Kong time, by taking into consideration, among other factors, the closing price of the ADSs on the NYSE on the last trading day on or before April 14, 2022 and investor demand during the marketing process. The final Hong Kong Offer Price will be set at the lower of the final International Offer Price and the Maximum Hong Kong Offer Price of HK$51.80 per Class A ordinary share. The shares will be traded in board lots of 100 Class A ordinary shares.

The entire shares of the Global Offering are comprised of sale shares to be sold by certain selling shareholders. The Company will not receive any of the net proceeds from the Global Offering. The selling shareholders will receive all the net proceeds of the Global Offering.

Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities (Far East) Limited, China International Capital Corporation Hong Kong Securities Limited, and CMB International Capital Limited are the joint sponsors for the proposed Global Offering. Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, and CMB International Capital Limited are the joint global coordinators for the proposed Global Offering. Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities (Asia Pacific) Limited, J.P. Morgan Securities LLC (in relation to the International Offering only), China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, CCB International Capital Limited, and Haitong International Securities Company Limited are the joint bookrunners and joint lead managers for the proposed Global Offering.

The International Offering is being made only by means of a preliminary prospectus supplement dated April 8, 2022 and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 8, 2022, which automatically became effective upon filing. The shelf registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: http://www.sec.gov.

The proposed Global Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Global Offering may be completed, or as to the actual size or terms of the Global Offering. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential investors should read the prospectus of the Company for detailed information about the Company and the proposed Global Offering, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by the Hong Kong Stock Exchange or the Securities and Futures Commission of Hong Kong.

The price of the Class A ordinary shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong). The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) will be contained in the Hong Kong prospectus of the Company to be dated April 11, 2022.

About Zhihu Inc.

Zhihu Inc. (NYSE: ZH) is the operator of Zhihu, a leading online content community in China, dedicated to empowering people to share knowledge, experience, and insights, and to find their own answers. Zhihu fosters a vibrant online community where users contribute and engage while respecting diversity and valuing constructiveness by promoting a culture of sincerity, expertise, and respect developed through years of cultivation. Zhihu is China’s largest Q&A-inspired online community and one of the top five Chinese comprehensive online content communities, both in terms of average mobile monthly average users and revenue in 2021. For more information, please visit https://ir.zhihu.com.

Safe Harbor Statement

This press release 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,” “future,” “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. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, 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

The Piacente Group, Inc.
Helen Wu
Tel: +86 (10) 6508-0677
Email: zhihu@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: zhihu@tpg-ir.com

Cision View original content:https://www.prnewswire.com/news-releases/zhihu-inc-launches-global-offering-301521213.html

Source: Zhihu Inc.

PR Newswire

Zhihu Inc. Files Its Annual Report on Form 20-F

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BEIJING, April 8, 2022 /PRNewswire/ — Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH), the operator of Zhihu, a leading online content community in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on April 8, 2022. The annual report can be accessed on the Company’s investor relations website at https://ir.zhihu.com/.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations, Zhihu Inc., A5 Xueyuan Road, Haidian District, Beijing 100083, People’s Republic of China.

About Zhihu Inc.

Zhihu Inc. (NYSE: ZH) is the operator of Zhihu, a leading online content community in China, dedicated to empowering people to share knowledge, experience, and insights, and to find their own answers. Zhihu fosters a vibrant online community where users contribute and engage while respecting diversity and valuing constructiveness by promoting a culture of sincerity, expertise, and respect developed through years of cultivation. Zhihu is China’s largest Q&A-inspired online community and one of the top five Chinese comprehensive online content communities, both in terms of average mobile monthly average users and revenue in 2021. For more information, please visit https://ir.zhihu.com.

For investor and media inquiries, please contact:

In China:
Zhihu Inc.
Email: ir@zhihu.com

The Piacente Group, Inc.
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com

Cision View original content:https://www.prnewswire.com/news-releases/zhihu-inc-files-its-annual-report-on-form-20-f-301520830.html

Source: Zhihu Inc.