Tiger Brokers

ZTO Express-W Spends USD 32.98 Million to Repurchase 1.46 Million ADSs in Late May, Lifting Year-to-Date Buybacks to 17.77 Million Shares

Bulletin Express
Jun 01

On 1 June 2026, ZTO Express (Cayman) Inc. (ZTO Express-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange outlining a series of on-market repurchases executed on the New York Stock Exchange between 20 and 29 May 2026.

From 20-29 May, the company bought back a total of 1,461,268 American depositary shares (ADSs), each representing one Class A ordinary share. The purchases were made at daily average prices ranging from USD 22.12 to USD 22.86, for an aggregate cash consideration of approximately USD 32.98 million. The volume-weighted average cost across the seven trading sessions was roughly USD 22.57 per ADS.

• 20 May: 131,796 ADSs at USD 22.86 • 21 May: 219,629 ADSs at USD 22.75 • 22 May: 218,613 ADSs at USD 22.85 • 26 May: 219,544 ADSs at USD 22.75 • 27 May: 222,022 ADSs at USD 22.50 • 28 May: 223,871 ADSs at USD 22.30 • 29 May: 225,793 ADSs at a high of USD 22.17 and low of USD 22.06, costing USD 5.00 million

The repurchased shares, equal to approximately 0.19 % of ZTO Express’s total share capital of 769.90 million shares (563.80 million Class A and 206.10 million Class B shares), have not yet been cancelled; consequently, the company’s issued share count remains unchanged as of 29 May 2026.

These transactions fall under the repurchase mandate approved on 17 June 2025, which authorises the company to buy back up to 80.45 million shares. Including the latest purchases, ZTO Express has repurchased 17.77 million shares to date, representing 2.21 % of the shares outstanding at the time the mandate was granted. Approximately 62.67 million shares remain available for repurchase under the current authorisation, which runs until 28 June 2026. During this 30-day post-buyback moratorium, the company is restricted from issuing new shares or disposing of treasury shares without prior exchange approval.

ZTO Express confirmed that all repurchases complied with Hong Kong Listing Rules and the relevant regulations of the New York Stock Exchange. All transactions were duly authorised by the board, and all regulatory filing obligations have been fulfilled.

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