SHANGHAI,
June 16, 2017
/PRNewswire/ -- ZTO Express (Cayman) Inc.
(NYSE: ZTO)
("ZTO" or the "Company"), a leading
express delivery company in China,
today announced that it will expand its Zhenjiang regional
warehouse and sorting hub.
Announced at 19th China Zhejiang Investment & Trade
Symposium, ZTO plans to invest up to RMB150
million (approximately US$22
million) to expand its current Zhejiang regional warehouse and sorting hub.
ZTO has obtained land use rights to an over 32,000 square meter
piece of land in Jinyi New Urban District, Zhejiang Province to construct additional
office space, warehouse and sorting hub with processing capacity
for up to one million parcels per day. Construction is expected to
be completed by August
2018.
"Building additional infrastructure at our Zhejiang regional warehouse and sorting hub is
another step in our strategy to expand the scale of our network and
improve service quality and operational efficiency," commented Mr.
Meisong Lai, Founder and Chief
Executive Officer of ZTO. "Zhejiang is a very important commercial and
regional hub for us and is one of the main distribution channels
for the thousands of customers and merchants we provide services to
in the area. The additional capacity to process up to one million
parcels per day will further reduce regional unit logistics costs,
improve customer service and in turn strengthen brand loyalty among
our customers and merchants."
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the
"Company") is a leading express delivery company in China and one of the largest express delivery
companies globally, in terms of total parcel volume in 2016. 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://ir.zto.com.
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confidence" and similar statements. ZTO
may also make written or oral forward-looking statements in its
reports filed or furnished to the U.S. Securities and Exchange
Commission, in its annual reports to shareholders, 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 ZTO's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is
included in our annual report on Form 20-F and other documents
filed with the Securities and Exchange Commission. All information
provided in this press release is as of the date of this press
release, and ZTO undertakes no duty to update such information,
except as required under applicable law.
For investor and media inquiries, please
contact:
ZTO
Ms. Sophie
Li
Investor Relations
Director
E-mail: ir@zto.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-
5900-1548
E-mail:
carnell@christensenir.com
In US
Mr. Tip
Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE ZTO Express (Cayman) Inc.