ZTO Express concludes share repurchases, share capital stable

ZTO Express (Cayman) Inc. reported a series of share repurchases between September 24 and October 2, 2025, primarily involving American Depository Shares (ADSs) on the New York Stock Exchange. On October 2, 2025, the company repurchased 3,807 ADSs (representing 3,807 Class A ordinary shares) at prices ranging from $18.98 to $18.99 per share, totaling an aggregate price paid of $72,282.75. These repurchases contribute to a cumulative total of 2,023,815 shares bought back under the current mandate.

Despite these repurchases, the total number of issued shares (excluding treasury shares) for ZTO Express (Cayman) Inc. remained constant at 598,368,490 Class A ordinary shares as of October 2, 2025. This indicates that the repurchased shares have not yet been cancelled and are still considered part of the issued shares, consistent with reporting requirements. The company's total issued and outstanding shares, including both Class A and Class B ordinary shares, stands at 804,468,490.

The resolution granting the repurchase mandate was approved on June 17, 2025, authorizing the repurchase of up to 80,446,849 shares. The repurchases completed to date represent 0.2516% of the issued shares as of the resolution date. ZTO Express also noted a moratorium period for any new share issues or treasury share transfers following these repurchases, extending up to November 1, 2025.