ZTO Express Share Repurchases October 2025

ZTO Express (Cayman) Inc. filed a Next Day Disclosure Return detailing multiple repurchases of American depository shares (ADS) between September 24 and October 30, 2025. The company repurchased 384,938 Class A ordinary shares (via ADS) on October 30 alone at an average price of $18.75 per share, representing 0.05% of total issued shares. Cumulative repurchases under the June 17, 2025 mandate reached 5.9 million shares (0.73% of shares outstanding at mandate date), with $7.2 million spent on October 30 transactions. All repurchased shares are designated for cancellation. The filing confirms compliance with HKEX rules and notes a moratorium period until November 29, 2025, restricting new share issuances or treasury transfers without exchange approval.