ZTO Express reports stable share capital, significant share repurchases pending cancellation

ZTO Express (Cayman) Inc. reported its securities movements for the month ended November 30, 2025, indicating no changes in its authorized or issued share capital for Class A and Class B WVR ordinary shares. The authorized share capital for Class A shares remains $8,000,000,000 at a par value of $0.0001 per share, totaling $800,000. Similarly, Class B shares maintain an authorized capital of $1,000,000,000 at a par value of $0.0001, amounting to $100,000. The total authorized/registered share capital at month-end stands at $1,000,000. Issued shares for Class A and Class B also remained constant at 598,368,490 and 206,100,000, respectively.

The company's convertible senior notes, due 2027, also saw no movement in their outstanding amount, remaining at $1,000,000,000. The subscription/conversion price for these notes is $28.7598. As of month-end, 617,112 shares may be issued or transferred out of treasury pursuant to these convertibles.

A significant movement was noted in share repurchases, with 8,940,321 Class A ordinary shares repurchased from the New York Stock Exchange during September, October, and November 2025. These shares are currently pending cancellation as of November 30, 2025.