ZTO Express shareholders approved at the June 16 AGM a general mandate for the Board to issue up to 20% of outstanding Class A shares and repurchase up to 10% of shares as of the resolution date. The meeting also re-elected two directors and re-appointed Deloitte as auditor.
At the annual general meeting held on June 16 in Hong Kong, shareholders approved seven ordinary resolutions, including receipt of the 2025 audited financial statements, director re-elections, auditor re-appointment, and share issuance and repurchase mandates.
Shareholders granted a general mandate for the Board to issue, allot or deal with additional Class A ordinary shares not exceeding 20% of the total issued and outstanding shares as of the resolution date, providing flexibility for future capital raising.
The AGM also approved a separate general mandate allowing the company to repurchase up to 10% of its issued and outstanding Class A ordinary shares as of the passing date, enabling potential share buybacks to support share price.
Mr. Hongqun Hu was re-elected as executive director and Mr. Xing Liu as non-executive director; Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP were re-appointed auditors for the year ending December 31, 2026.
