ZTO Express (Cayman) Inc. disclosed that between 20 May and 5 June 2026 it repurchased 2.57 million American Depositary Shares (ADSs), each representing one Class A ordinary share, for a total consideration of approximately US$57.98 million. The volume-weighted average purchase price was roughly US$22.57 per share.

• Transaction details – Twelve separate buybacks were executed on the New York Stock Exchange, with daily purchase prices ranging from US$22.12 to US$22.86 per share. – The single-largest daily tranche occurred on 29 May 2026, when 225,793 ADSs were acquired at an average price of US$22.12. – The final tranche on 5 June 2026 involved 223,202 ADSs at prices between US$22.25 and US$22.56, costing US$5.00 million.

• Capital structure impact – All repurchased shares remain outstanding but are earmarked for cancellation; accordingly, the issued share capital stood unchanged at 563.80 million Class A shares and 769.90 million total shares (including 206.10 million Class B shares) as of 5 June 2026. – Since the current authorisation was granted on 17 June 2025, ZTO Express has repurchased 18.88 million shares—2.35 % of the share base at mandate date—against a maximum authority of 80.45 million shares. – Under Hong Kong Stock Exchange rules, the company is subject to a moratorium on new share issues or treasury-share sales until 5 July 2026.

The board confirmed that all buybacks complied with Hong Kong Listing Rules and relevant U.S. exchange regulations.