ZTO (02057) Announces Share Repurchases and Maintains Issued Share Count

Bulletin Express
Feb 11

ZTO Express (Cayman) Inc. (02057) reported that as of February 4, 2026, there were 589,428,169 Class A ordinary shares in issue. According to the announcement, the total number of shares, including Class B ordinary shares, stands at 795,528,169.

On February 4, 2026, there was a concurrent repurchase of 18,254,400 shares at HKD 179.1 in connection with an offering of convertible senior notes. On February 10, 2026 (U.S. time), the company repurchased 611,965 American depositary shares (representing the same number of Class A ordinary shares) on the New York Stock Exchange at USD 24.53. Despite these repurchase activities, the reported closing balance remained at 589,428,169 Class A ordinary shares as of February 10, 2026.

The repurchases occurred under a mandate dated June 17, 2025, which authorized the repurchase of up to 80,446,849 shares. The total number of shares repurchased under this mandate so far has reached 9,552,286, representing approximately 1.1874% of the issued shares as of the date of the resolution. The company indicated that repurchases on the New York Stock Exchange followed applicable local rules, and no new share issuance or sale of treasury shares is expected during the moratorium period ending March 12, 2026.

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