ZTO Express (Cayman) Inc. (02057) released a Next Day Disclosure Return dated 20 October 2025, indicating that its outstanding share capital remains unchanged at 598,368,490 Class A ordinary shares and 206,100,000 Class B ordinary shares. The closing balance after 17 October 2025 remained at 598,368,490 Class A shares, with no treasury shares recorded.

Between 24 September and 17 October 2025, the company repurchased multiple batches of American depository shares (ADS), all representing Class A ordinary shares, at prices ranging mainly from USD 18.56 to USD 19.60. The largest single repurchase volume in this period was 450,069 ADS on 13 and 14 October, while on 17 October alone, 445,049 ADS were repurchased at a price of USD 18.90. According to the filing, 5,067,217 shares have been repurchased under the mandate approved on 17 June 2025, equating to 0.6299% of the total issued shares at that time.

In the repurchase report, 445,049 shares were repurchased on 17 October 2025 for a total consideration of approximately USD 8.41 million. These shares are subject to cancellation, with no new share issuance or treasury share disposal allowed up to 16 November 2025, in accordance with the 30-day moratorium period outlined in the company’s repurchase mandate.