ZTO Express Repurchases 0.96 Million ADS; Total Buybacks Reach 3.53 Million Under 2026 Mandate

Bulletin Express
08/20

ZTO Express (Cayman) Inc., a weighted-voting-rights issuer listed in Hong Kong and the U.S., filed a Next Day Disclosure Return dated 20 August 2026 detailing its latest share repurchase activity.

The company’s issued share capital remained unchanged at 557.33 million Class A ordinary shares and 206.10 million Class B ordinary shares, for a combined 763.43 million shares. No new shares were issued and no treasury shares were outstanding as of 19 August 2026.

Between 12 and 19 August 2026, ZTO Express repurchased 959,871 American depositary shares (ADS), each representing one Class A share. The purchases were executed on the New York Stock Exchange at daily volume-weighted average prices ranging from USD 21.56 to USD 23.00, for an estimated aggregate consideration of USD 21.67 million.

The most recent tranche, completed on 19 August 2026, involved 231,703 ADS at prices between USD 21.37 and USD 22.17, costing USD 4.99 million. All repurchased shares are slated for cancellation.

Since shareholders approved a buyback mandate on 16 June 2026 authorising up to 76.60 million shares, the company has reacquired 3.53 million shares, equivalent to 0.46% of the issued share base at the mandate date. Approximately 73.07 million shares remain available for repurchase under the current authorisation.

Under Hong Kong listing rules, ZTO Express is subject to a 30-day moratorium on issuing new shares following the latest buyback, ending 18 September 2026. The company confirmed that all repurchases complied with regulatory requirements on both the Hong Kong Stock Exchange and the New York Stock Exchange.

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