ZTO Express details extensive share repurchases across September and October

ZTO Express (Cayman) Inc. has disclosed a comprehensive update on its share repurchase activities in its Next Day Disclosure Return dated October 22, 2025. The company reported no changes in its total issued shares (excluding treasury shares) as of October 21, 2025, maintaining a closing balance of 598,368,490 Class A ordinary shares. Similarly, the number of treasury shares remained at zero. However, the report detailed sixteen separate repurchase events of American Depository Shares (ADS), each representing one Class A ordinary share, from September 24 to October 21, 2025, which are yet to be cancelled.

The repurchases included substantial volumes, such as 395,651 ADSs on September 24 at $19, 417,114 ADSs on September 29 at $19.6, and 450,069 ADSs on October 14 at $18.56. The most recent repurchase on October 21 involved 63,077 ADSs at a volume-weighted average price of $18.99, amounting to an aggregate price paid of $1,197,762.85 for the day's repurchases. These transactions were executed on another stock exchange, specifically the New York Stock Exchange.

The total number of shares repurchased for cancellation by October 21, 2025, amounted to 63,077. The company operates under a repurchase mandate granted on June 17, 2025, authorizing the repurchase of up to 80,446,849 shares. As of the disclosure date, 5,130,294 shares have been repurchased under this mandate, representing 0.6377% of the issued shares (excluding treasury shares) at the time the mandate was granted. A moratorium period for new share issues or sales of treasury shares after these repurchases is in effect until November 20, 2025.