ZTO Express (Cayman) Inc. disclosed in a Next Day Disclosure Return filed on 2 September 2026 that it has repurchased a cumulative 3.07 million American depositary shares (ADSs), each representing one Class A ordinary share, between 12 August and 1 September 2026. The transactions were executed on the New York Stock Exchange at prices ranging from USD 21.07 to USD 23.00 per ADS, implying an estimated aggregate outlay of roughly USD 66.63 million and a volume-weighted average cost of about USD 21.70 per ADS.

Key data points

• Share count unchanged: Issued Class A ordinary shares stood at 557.33 million as at both 31 August and 1 September 2026. Combined with 206.10 million Class B ordinary shares, total issued share capital remains 763.43 million shares. The repurchased ADSs have not yet been cancelled and therefore are not reflected in the issued share total.

• Latest transaction: On 1 September 2026, the company bought back 237,130 ADSs at prices between USD 21.00 and USD 21.15, spending USD 4.99 million. This single day’s purchase represents approximately 0.03% of total issued shares.

• Cumulative under mandate: Since the current buyback authority was approved on 16 June 2026, ZTO has repurchased 5.64 million shares, equivalent to 0.74% of the share capital outstanding on the mandate date. The authorisation permits repurchases of up to 76.60 million shares, leaving considerable headroom for further activity.

• Moratorium: In line with Hong Kong Stock Exchange rules, ZTO is restricted from issuing new shares or selling any treasury shares until 1 October 2026, 30 days after the latest repurchase.

The company confirmed that all buybacks were conducted in accordance with both Hong Kong Stock Exchange requirements and the New York Stock Exchange’s domestic rules, and that all necessary corporate and regulatory approvals are in place.