ZTO Express-W disclosed in a Next Day Disclosure Return that 18.25 million Class A ordinary shares—previously repurchased on 4 February 2026—were cancelled on 16 March 2026. The move reduced the company’s outstanding Class A share count from 582.06 million to 563.80 million, a 2.32% contraction based on the pre-cancellation total share capital of 788.16 million shares (including 206.10 million Class B shares).

No treasury shares remain on the balance sheet, and no additional repurchased shares are awaiting cancellation. The cancellation is linked to the company’s concurrent offering of convertible senior notes announced on 16 March 2026.

The dual-class share structure now comprises: • Class A ordinary shares: 563.80 million • Class B ordinary shares: 206.10 million (unchanged)

The filing confirms that the cancellation was authorised by the board and executed in compliance with all relevant listing rules and regulatory requirements.