#China #Shanghai #Convertible Notes #ZTO Express #Repurchase Offer

ZTO Express Completes Repurchase Offer for Convertible Senior Notes

On August 29, 2025, ZTO Express (Cayman) Inc. announced the successful conclusion of its repurchase right offer related to its 1.50% Convertible Senior Notes, which are due in 2027. This strategic move signals the company’s commitment to financial management, reflecting strong confidence in its ongoing operations.

Summary of the Repurchase Offer

The repurchase offer was officially set to expire at 5:00 PM New York City time on August 28, 2025. According to Citibank, which acted as the paying agent for the notes, ZTO Express received valid submissions totaling an impressive aggregate principal amount of $982,252,000. This amount reflects the confident response from investors who decided to exercise their repurchase rights.

As part of the transaction, ZTO Express has promptly forwarded cash for the repurchase price to Citibank for distribution. Following the completion of the settlement, only $17,748,000 of the notes will remain outstanding. The remaining notes will continue to be subject to the existing terms outlined in the Indenture and the notes themselves.

Strategic Implications of the Repurchase

The completion of this repurchase offer marks a key moment for ZTO Express as it showcases the company’s robust financial position and operational capabilities. By repurchasing its convertible senior notes, ZTO Express demonstrates a proactive approach to capital management, reducing its outstanding debt and potentially enhancing shareholder value in the long run.

ZTO operates in the highly competitive express delivery market in China and has established itself as a key player through its expansive and reliable logistics network. The company's model leverages both in-house capabilities and partnerships to maintain efficiency and effectiveness in service delivery while supporting the rising e-commerce sector in China.

This repurchase initiative aligns with the company’s overall strategy to optimize its capital structure, providing greater flexibility to invest in growth opportunities within the logistics and e-commerce ecosystem. As the industry continues to evolve, ZTO Express remains positioned to adapt and thrive amidst changing market dynamics.

Stay updated with ZTO Express' further developments by visiting their official investor relations page or following their announcements through trusted financial news platforms. The company's commitment to financial transparency and adherence to regulatory standards ensures that investors and stakeholders remain informed about their operations.

About ZTO Express

ZTO Express (Cayman) Inc. operates as a leader in the express delivery market in China. The company’s innovative and scalable network not only supports local deliveries but also provides value-added logistic services across the nation. With a mission-driven approach, ZTO continually seeks to improve its services while maintaining strong operational efficiency. As ZTO navigates through the complexities of the logistics environment, it aims to sustain its growth trajectory while delivering quality service to its customers.

For further information, feel free to contact their investor relations team via email at [email protected] or by phone at +86 21 5980 4508.