ZTO Express (ZTO) Announces Pricing of Global Offering

ZTO Express (Cayman) Inc. (NYSE: ZTO) (the "Company" or "ZTO Express"; Stock code: 2057.HK), a leading express delivery company in China, today announced the pricing of the global offering of 45,000,000 ordinary shares (the "Offer Shares") which comprises an international offering and a Hong Kong public offering.

The final offer price for both the international offering and the Hong Kong public offering (the "Offer Price") has been set at HK$218 per Share. The Offer Price translates to approximately US$28.13 per American depositary share, each representing one Class A ordinary share of the Company. Subject to approval from The Stock Exchange of Hong Kong Limited (the "SEHK"), the Offer Shares are expected to begin trading on the Main Board of the SEHK on September 29, 2020 under the stock code "2057." The global offering is expected to close on the same day, subject to customary closing conditions.

The Company has granted the international underwriters an over-allotment option, exercisable until October 22, 2020, to require the Company to issue up to an additional 6,750,000 new Class A ordinary shares at the Offer Price.

The Company plans to use the net proceeds from the global offering for infrastructure and capacity development, empowering network partners and strengthening the network stability, investments in logistics ecosystem and general corporate purposes.

Goldman Sachs (Asia) L.L.C. is the Sole Sponsor, the Sole Global Coordinator, a Joint Bookrunner and a Joint Lead Manager for the proposed global offering.

The price of the Offer Shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilization) Rules. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) have been contained in the prospectus of the Company dated September 17, 2020.

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