ZTO Express (Cayman) Inc. (ZTO EXPRESS-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 24 September 2026 detailing recent share-capital movements and an extensive programme of American Depositary Share (ADS) repurchases.

Key Points

1. Issued Capital Stable • Opening and closing balances for Class A ordinary shares stood at 557.33 million as of 22–23 September 2026. • Total issued share capital, including 206.10 million Class B shares, remained 763.43 million.

2. Intensive ADS Repurchase Activity • Between 12 August and 23 September 2026 (U.S. time), the company bought back 30 tranches of ADSs, each representing one Class A share, on the New York Stock Exchange. • Aggregate shares repurchased but not yet cancelled: 9.71 million, equal to approximately 1.27% of total issued shares. • Purchase prices ranged from USD 19.26 to USD 23.00 per ADS. • The final tranche on 23 September involved 149,748 ADSs at prices between USD 19.55 and USD 19.76, costing USD 2.93 million.

3. Repurchase Mandate Utilisation • Shareholders approved a mandate on 16 June 2026 allowing buybacks of up to 76.60 million shares. • To date, 12.27 million shares have been repurchased under this authority, representing 1.60% of the issued share base at mandate date. • Following the latest purchase, a 30-day moratorium on new share issuance or treasury share sales extends to 23 October 2026.

4. Post-Cancellation Outlook • Upon cancellation of the 9.71 million repurchased shares, the outstanding Class A share count would fall to roughly 547.63 million, subject to completion of cancellation procedures.

All transactions were authorised by the Board and conducted in accordance with Hong Kong Listing Rules and relevant U.S. exchange regulations.