ZTO Express adjusts convertible notes, repurchases shares

For the month ended September 30, 2025, ZTO Express (Cayman) Inc. reported a cash dividend of $0.30 per American depositary share (ADS) and ordinary share for the six months ended June 30, 2025. This dividend led to an adjustment in the conversion rate of its 2027 Notes to 34.7708 ADSs per $1,000 principal amount, equivalent to a conversion price of approximately $28.7598 per ADS.

The company also repurchased $982,252,000 in aggregate principal amount of its 2027 Notes on September 2, 2025, and repurchased 2,020,008 Class A ordinary shares from the New York Stock Exchange across multiple dates in September 2025. These repurchased shares are currently pending cancellation. The total authorized/registered share capital at the end of the month stands at $1,000,000.

As of September 30, 2025, the number of issued Class A ordinary shares (excluding treasury shares) remained at 598,368,490, with zero treasury shares held. Class B ordinary shares remained at 206,100,000 issued shares and zero treasury shares.