ZTO Express continues share repurchases across three days

ZTO Express (Cayman) Inc. announced its Next Day Disclosure Return on September 29, 2025, detailing share repurchase activities of its Class A ordinary shares. On September 24, 2025, the company repurchased 395,651 American Depository Shares (ADS), representing an equal number of Class A ordinary shares, at $19 per ADS. The following day, September 25, 2025, saw the repurchase of 395,650 ADSs, also representing Class A ordinary shares, at a slightly higher price of $19.21 per ADS. These repurchases contribute to a total of 1,185,780 shares repurchased on the exchange or another stock exchange under the repurchase mandate.

The company continued its repurchase program on September 26, 2025, buying back 394,479 ADSs, representing Class A ordinary shares, at an average price of $19.49 per ADS. This latest repurchase represents 0.05% of the existing number of issued shares (excluding treasury shares) before the relevant event. The aggregate price paid for these 394,479 shares on September 26, 2025, was $7,687,961.78, with the highest repurchase price per share at $19.74 and the lowest at $19.27.

As of September 26, 2025, the closing balance of issued shares (excluding treasury shares) for ZTO Express (Cayman) Inc. remained at 598,368,490. The total number of shares authorized for repurchase under the mandate is 80,446,849, with the resolution for this mandate granted on June 17, 2025. A moratorium period for new share issues or treasury share sales after the repurchases is in effect until October 26, 2025.