ZTO Express completes $982 million convertible notes repurchase offer

ZTO Express (Cayman) Inc. (NYSE: ZTO, HKEX: 2057) completed its repurchase right offer for its 1.50% Convertible Senior Notes due 2027, the company announced Thursday.

The repurchase right offer expired at 5:00 p.m. New York City time on Thursday, August 28, 2025. Based on information from Citibank, N.A., serving as the paying agent, $982,252,000 aggregate principal amount of the notes were validly surrendered and not withdrawn prior to the expiration.

ZTO Express has forwarded cash payment for the repurchase price to the paying agent for distribution to holders who validly exercised their repurchase right. Following the settlement, $17,748,000 aggregate principal amount of the notes will remain outstanding and continue to be subject to the existing terms of the indenture and the notes.

The convertible senior notes carry a CUSIP number of 98980AAB1. ZTO Express operates as an express delivery company in China, providing delivery services and other value-added logistics services through its nationwide network coverage.

The company stated that materials filed with the SEC are available electronically at the SEC's website and may also be obtained at the company's website.

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