ZTO Announces Clarifications to Errors in Filing

Rhea-AI Summary

ZTO Express (Cayman) Inc. (NYSE: ZTO) issued clarifications regarding a filing error reported on Form 6-K submitted to the SEC on August 24, 2022. The Company confirmed that it currently has no plans for a securities offering, correcting previous misinformation. ZTO emphasizes its commitment to transparent disclosure and will keep shareholders updated on any significant developments, including future financing plans.

Positive

• The company clarified a significant filing error, enhancing transparency.
• Reaffirmation of no current intention to conduct a securities offering may stabilize investor confidence.

Negative

• Previous confusion regarding a potential securities offering could have negatively impacted investor sentiment.

SHANGHAI, Aug. 23, 2022 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced clarifications to errors contained in a filing. The Company had submitted a current report on Form 6-K to the U.S. Securities and Exchange Commission on August 24, which contained erroneous references to a proposed offering. The Company would like to clarify that it currently has no intention to conduct any offering of its securities. The Company remains committed to true and timely disclosure in compliance with the applicable rules and regulations, and will keep shareholders informed of material developments in the future, including any potential financing plan. 

About ZTO

ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK:2057) ("ZTO" or the "Company") is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. ZTO may also make forward-looking statements in the Company's periodic reports to the SEC in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the Main Board of the Hong Kong Stock Exchange (the "HKEX") in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology, such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "confidence," "estimates," "likely to" and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the development of the e-commerce industry in China, its significant reliance on the Alibaba ecosystem, risks associated with its network partners and their employees and personnel, intense competition which could adversely affect the Company's results of operations and market share, any service disruption of the Company's sorting hubs or the outlets operated by its network partners or its technology system. Further information regarding these and other risks is included in ZTO's annual report on Form 20-Fs and other filings with the SEC and the HKEX. All information provided in this press release is current as of the date hereof, and ZTO assumes no obligation to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

ZTO Express (Cayman) Inc.

Investor Relations
E-mail: ir@zto.com
Phone: +86 21 5980 4508

View original content:https://www.prnewswire.com/news-releases/zto-announces-clarifications-to-errors-in-filing-301611205.html

SOURCE ZTO Express (Cayman) Inc.

FAQ

What clarification did ZTO express in its August 2022 press release?

ZTO clarified that it has no intention to conduct a securities offering, correcting errors in a previous filing.

When was the erroneous Form 6-K filed by ZTO?

The erroneous Form 6-K was filed on August 24, 2022.

What is ZTO's commitment regarding disclosures?

ZTO is committed to true and timely disclosures in compliance with applicable regulations.

What stock symbol is associated with ZTO Express?

The stock symbol for ZTO Express is ZTO.