36Kr (KRKR) Registration filing summary

Company overview and business model

• Operates as a leading platform serving New Economy participants in China, offering high-quality content, business services, and data analytics.

• Business model includes online advertising, enterprise value-added services, and subscription services, targeting both startups and institutional investors.

• Utilizes a VIE structure to comply with PRC restrictions on foreign investment in value-added telecommunication services, consolidating VIE results for accounting purposes.

Financial performance and metrics

• In 2023, 2024, and 2025, 100% of net revenues were generated by the VIE.

• As of December 31, 2023, 2024, and 2025, the VIE's assets represented 90%, 92%, and 77% of consolidated total assets, respectively.

• As of December 31, 2025, cumulative capital contributions to subsidiaries totaled US$42.1 million.

• No dividends have been declared or paid, and there are no plans to do so in the near future.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.