On June 1, 2026, Zhipu disclosed through a Hong Kong Stock Exchange filing that its board of directors has resolved to seek approval from relevant Chinese regulatory bodies for the allotment and issuance of A-shares, and to apply for listing and trading on the Shanghai Stock Exchange’s STAR Market. The proposed A-share offering will account for 2% to 8% of the company’s total issued share capital upon completion, representing no fewer than 9,098,838 new A-shares and no more than 38,768,964, excluding any shares that may be issued under an over-allotment option.
In the same board meeting, additional resolutions related to the A-share issuance were passed, all of which will be submitted to shareholders for approval at the forthcoming annual general meeting. This move by Zhipu — a prominent AI company — to return to the onshore A-share market, specifically the technology-focused STAR board, signals a strategic step to diversify funding channels and align with domestic capital market policies. The plan remains subject to formal acceptance and clearance by the regulators and shareholder voting.