ZHIHU INC

CUSIP: 98955N108 Class: ADS

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Institution	Shares	Value ($000)
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC	2,371,187	$7,777
Total (1 institutions)	2,371,187	$7,777