Hong Kong Exchanges and Clearing Limited

Form 4 - Listed Corporation Notice - Findings Of Investigation Report

Form Serial Number:

IR20260519E00442
(Amendment to IR20260514E00434)

1. Date specified in the s.329 notice for determining interests or short position in shares to be disclosed ("Specified Date"):

20/04/2026
(dd/mm/yyyy)

2. Stock code of listed corporation:

02057

3. Name of listed corporation filing this s.330/333 notice:

ZTO Express (Cayman) Inc. - W

4. Class of shares of listed corporation specified in the s.329 notice:

Ordinary

5. Threshold shareholding set in the s.329 notice for disclosure obligation (if any):

(i) PERSONS INTERESTED IN SHARES OR HAVING SHORT POSITION IN SHARES ON THE SPECIFIED DATE (EXCLUDING DERIVATIVE INTERESTS)

11. Information provided in response to the s.329 notice concerning persons interested in shares on the Specified Date (excluding derivative interests):

Name	Total number of shares (long position)	Name of person interested in shares
JP Morgan Chase	34,583,122	Shares held on behalf of individual investors
MERRILL LYNCH FAR EAST LTD	2,823,707	Shares held on behalf of individual investors
Morgan Stanley and Company International PLC	7,130,876	Shares held on behalf of individual investors
Morgan Stanley and Company	442,935	Shares held on behalf of individual investors
Morgan Stanley Hong Kong Securities Limited	8,437,092	Shares held on behalf of individual investors
RBC Dain Rauscher Incorporated	296,334	Shares held on behalf of individual investors
SCB Wealth Management	41,150	Shares held on behalf of individual investors
-	0	-
-	0	-

12. Information provided in response to the s.329 notice concerning persons having short position in shares on the Specified Date (excluding derivative interests):

Name	Total number of shares (short position)	Name of person having short position in shares
Morgan Stanley and Company International PLC	4,226,366	Shares held on behalf of individual investors
Morgan Stanley and Company	419,491	Shares held on behalf of individual investors
-	0	-
-	0	-
-	0	-
-	0	-
-	0	-
-	0	-
-	0	-
-	0	-

(ii) PERSONS INTERESTED IN SHARES ON THE SPECIFIED DATE (DERIVATIVE INTERESTS ONLY)

13. Information provided in response to the s.329 notice concerning persons interested in shares which are the underlying shares of equity derivatives on the Specified Date:

Name	Total number of shares		Name of person interested in shares
	Long position	Short position

-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-
-	0	0	-

(iii) PERSONS ACTING IN CONCERT OR SUBJECT TO AN AGREEMENT RELATING TO THE EXERCISE OF RIGHTS UNDER SHARES

14. Information of parties to an agreement to which section 317 of the SFO applies, or any agreement relating to the exercise of the rights in respect of shares, on the Specified Date:

Name of parties	Total number of shares (excluding derivative interests)		Total number of shares (derivative interests only)		Name of person interested in shares
	Long position	Short position	Long position	Short position

15. Supplementary information:

Removed incorrect banklist

16. Log/Serial Number of the previous form:

IR20260514E00434

17. Number of investigation report(s) attached/uploaded:

18. Number of concert party document(s) under section 317 attached/uploaded: