On 26 June 2026, ZTO Express (Cayman) Inc. (“ZTO Express-W”) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange detailing the latest progress of its ongoing share-repurchase programme.

The courier group acquired 230,895 American depositary shares (ADS)—each equivalent to one Class A ordinary share—on 25 June 2026 (U.S. time) via the New York Stock Exchange. The purchases were executed within a price range of USD 21.47 to USD 21.78 per ADS, for a total consideration of USD 4.99 million. All of the repurchased shares are designated for cancellation; none will be held as treasury stock.

Including this latest transaction, ZTO has bought back 5,484,021 ADS between 20 May and 25 June 2026 that remain outstanding pending cancellation. These shares represent approximately 0.71 % of the company’s total issued share capital of 769.90 million shares (563.80 million Class A and 206.10 million Class B shares). Based on disclosed daily volumes and prices, the cumulative spend over the period is estimated at about USD 122.90 million, implying an average repurchase cost of roughly USD 22.42 per ADS.

A refreshed share-repurchase mandate was approved on 16 June 2026, authorising the company to buy back up to 76.60 million shares. Since that date, 1,582,822 ADS—equal to 0.21 % of shares outstanding—have been repurchased under the new mandate.

No changes have occurred in the company’s issued share count to date, as the repurchased shares had not yet been cancelled by the 25 June 2026 reporting cut-off. The moratorium on issuing new shares or disposing of treasury shares runs until 25 July 2026, in line with Hong Kong listing rules.