ZTO Express-W (ZTO Express (Cayman) Inc.) disclosed in its 27 May 2026 Next Day Disclosure Return that it continued to execute share repurchases on the New York Stock Exchange, without altering its total issued share capital on the Hong Kong Stock Exchange.

• Latest transaction: On 26 May 2026 (U.S. time) the company bought back 219,544 American Depositary Shares—each representing one Class A ordinary share—at prices between USD 22.62 and USD 22.92, averaging USD 22.75. Total consideration reached USD 4.99 million.

• Cumulative May activity: Including purchases on 20, 21 and 22 May, ZTO Express-W has repurchased 789,582 ADS during 20–26 May for an estimated aggregate outlay of approximately USD 18.00 million at a weighted average price of USD 22.81 per ADS. All repurchased shares are earmarked for cancellation.

• Share capital position: Issued capital remains unchanged at 563.80 million Class A ordinary shares and 206.10 million Class B ordinary shares, for a combined 769.90 million shares. No treasury shares are held after the transactions.

• Repurchase mandate utilisation: Since the shareholder mandate granted on 17 June 2025, the company has bought back 17.10 million shares, representing 2.13% of the outstanding shares on the mandate date, leaving capacity to repurchase up to 63.35 million additional shares.

• Regulatory compliance: The board confirmed that all repurchases complied with Hong Kong Listing Rules and U.S. exchange requirements. A 30-day moratorium on new share issues or treasury-share sales applies until 25 June 2026.