ZTO Express (Cayman) Inc. (02057) Announces November 2025 Share Capital and Equity Movements

Bulletin Express12-04

On 04 December 2025, ZTO Express (Cayman) Inc. (02057) published its Monthly Return for Equity Issuer, indicating that as of 30 November 2025, total authorised share capital remained at USD 1,000,000. This comprises three classes of shares—Class A, Class B, and Undesignated—with no changes from the previous month in the authorised quantities or par values.

The company reported 598,368,490 issued Class A ordinary shares (HKEX stock code 02057) and 206,100,000 issued Class B ordinary shares, both unchanged from the close of the preceding month. Convertible Senior Notes due 2027 amounted to USD 1,000,000,000, carrying a conversion price of USD 28.7598 per share, equivalent to 617,112 Class A ordinary shares if fully converted. No new shares were issued or transferred from treasury during the period.

In relation to share repurchases, a total of 8,940,321 Class A ordinary shares (represented by American depository shares) were repurchased on various dates in September, October, and November 2025 (U.S. time). These shares remain pending cancellation as at the reporting date. There were no finalised cancellations or changes to the issued or treasury shares during November 2025.

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