Corporate ActionMay 7, 2026, 07:37 AM
ZTO Express Adjusts Convertible Note Conversion Rates
AI Summary
ZTO Express (Cayman) Inc. filed its monthly return for April 2026, confirming no changes in its authorized or issued share capital for the month. The company also announced adjustments to the conversion rates of its Convertible Senior Notes due 2027 and 2031. These adjustments were made in accordance with the terms of the notes, following a cash dividend of USD0.39 per American depositary share and ordinary share.
Key Highlights
- Authorized Class A Ordinary Shares remain 8,000,000,000 with USD 0.0001 par value.
- Authorized Class B Ordinary Shares remain 1,000,000,000 with USD 0.0001 par value.
- Total authorized share capital at month-end is USD 1,000,000.
- Issued Class A Ordinary Shares remain 563,800,693; Class B remain 206,100,000.
- 2027 Notes conversion rate adjusted to 35.3261 ADSs per USD1,000 principal (USD28.3076 per ADS).
- 2031 Notes conversion rate adjusted to 32.8311 Class A Ordinary Shares per USD1,000 principal (USD30.4589 per share).
- Public float requirement for Class A Ordinary Shares was confirmed as complied with.
Price Impact
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