On October 5, 2026, RTW Investments, LP acquired 10.71 million shares (beneficial interest in ordinary shares) of ZAI LAB (09688) via an off-exchange derivative transaction, at an average of USD 24.87 per share, involving approximately USD 266.24 million. The transaction was effected through cash settled single name swaps, with cash consideration, giving RTW Investments, LP the right to receive payment if the share price exceeds a certain level. This is an off-exchange derivative trade, not a direct secondary-market dealing.
Prior to the acquisition, RTW Investments, LP's long position in ZAI LAB was 103.51 million shares, representing 9.1%; following the acquisition, the holding changed to 114.21 million shares, with the long position ratio rising to 10.04%.