ZTO Express repurchases shares, continuing mandate

ZTO Express (Cayman) Inc. reported two significant share repurchase events on September 24 and 25, 2025. On September 24, the company repurchased 395,651 American Depository Shares (ADS), representing 395,651 Class A ordinary shares, at a price of $19 per share. The following day, September 25, an additional 395,650 ADS, also representing Class A ordinary shares, were repurchased at a volume-weighted average price ranging from $18.86 to $19.33 per share, totaling an aggregate price paid of $7,599,724.33. These repurchases were executed on the New York Stock Exchange.

The company's outstanding share count remained at 598,368,490 Class A ordinary shares as of the closing balance on September 25, 2025. The percentage change in issued shares was calculated based on a total of 804,468,490 issued and outstanding shares, comprising 598,368,490 Class A ordinary shares and 206,100,000 Class B ordinary shares. The latest repurchase represents 0.05% of the existing number of issued shares before the relevant event.

ZTO Express currently has a repurchase mandate authorized on June 17, 2025, allowing for the repurchase of up to 80,446,849 shares. As of September 25, 2025, 791,301 shares have been repurchased under this mandate, representing 0.0984% of the issued shares at the time of the resolution. A moratorium on new share issues or treasury share sales following these repurchases extends until October 25, 2025.