SHANGHAI, Sept. 22, 2020
/PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO) (the
"Company" or "ZTO Express"; Stock code: 2057.HK), a leading express
delivery company in China, today
announced the pricing of the global offering of 45,000,000
ordinary shares (the "Offer Shares") which comprises an
international offering and a Hong
Kong public offering.
The final offer price for both the international offering and
the Hong Kong public offering (the
"Offer Price") has been set at HK$218
per Share. The Offer Price translates to approximately US$28.13 per American depositary share, each
representing one Class A ordinary share of the Company. Subject to approval
from The Stock Exchange of Hong Kong Limited (the "SEHK"), the
Offer Shares are expected to begin trading on the Main Board of the
SEHK on September 29, 2020 under the
stock code "2057." The global offering is expected to close on the
same day, subject to customary closing conditions.
The Company has granted the international underwriters an
over-allotment option, exercisable until October 22, 2020, to require the Company to issue
up to an additional 6,750,000 new Class A ordinary shares at the
Offer Price.
The Company plans to use the net proceeds from the global
offering for infrastructure and capacity development, empowering
network partners and strengthening the network stability,
investments in logistics ecosystem and general corporate
purposes.
Goldman Sachs (Asia) L.L.C. is
the Sole Sponsor, the Sole Global Coordinator, a Joint Bookrunner
and a Joint Lead Manager for the proposed global offering.
The price of the Offer Shares of the Company may be stabilized
in accordance with the Securities and Futures (Price Stabilization)
Rules. The details of the intended stabilization and how it will be
regulated under the Securities and Futures Ordinance (Chapter 571
of the laws of Hong Kong) have
been contained in the prospectus of the Company dated September 17, 2020.
The international offering is being made only by means of a
prospectus supplement and the accompanying prospectus included in
an automatic shelf registration statement on Form F-3 filed with
the U.S. Securities and Exchange Commission (the "SEC") on
September 11, 2020, which
automatically became effective upon filing. The registration
statement on Form F-3 dated September 11,
2020 and the preliminary prospectus supplement dated
September 15, 2020 are available at
the SEC website at: http://www.sec.gov. The final prospectus
supplement will be filed with the SEC and will be available on the
SEC's website at: http://www.sec.gov. When available, copies of the
final prospectus supplement and the accompanying prospectus
relating to the offering may also be obtained from Goldman Sachs
& Co. L.L.C., 200 West Street, New
York, NY 10282-2198, Attention: Prospectus Department, or
E-mail: Prospectus-NY@gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer or an invitation to buy any securities,
nor shall there be any offer or sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other jurisdiction.
This press release does not constitute a prospectus (including as
defined under the laws of Hong
Kong) and potential investors should read the prospectus of
the Company for detailed information about the Company and the
proposed offering, before deciding whether or not to invest in the
Company. This press release has not been reviewed or approved by
the SEHK or the Securities and Futures Commission of Hong Kong.
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. is a leading express delivery company
in China. Founded in 2002, the
Company is China's leading express
delivery service provider based on total parcel volume, with a
19.1% market share in 2019. The Company is the youngest among the
scaled express delivery
companies in China and the
largest in scale and the most profitable among the Tongda
Operators, who are the express delivery service providers utilizing
the "network partner model" in China, namely the Company, YUNDA Holding Co.,
Ltd., YTO Express Group Co., Ltd., BEST Inc. and STO Express Co.,
Ltd. The Company has developed one of the most extensive and
reliable delivery networks in China. As of 30 June
2020, the Company's network covers over 99.2% of cities and
counties in China. The Company has
achieved rapid growth while maintaining superior profitability and
high customer satisfactions. The Company's total parcel volume
increased from 6.2 billion in 2017 to 12.1 billion in 2019, and
from 5.4 billion in the six months ended 30
June 2019 to 7.0 billion for the six months ended
30 June 2020. The Company's net
income increased from RMB3.2 billion
in 2017 to RMB5.7 billion in
2019.
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", "expect", "anticipate", "estimate", "believe", "going
forward", "ought to", "may", "seek", "intend", "plan",
"projection", "could", "vision", "goals", "aim", "aspire",
"objective", "target", "schedules", "outlook" and similar
statements. Among other things, the description of the proposed
offering in this announcement contains forward-looking statements.
ZTO Express may also make written or oral forward-looking
statements in its periodic reports to the SEC, in its annual report
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 Express'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, including but not limited to the
following: ZTO Express's growth strategies; its future business
development, results of operations and financial condition; its
ability to attract and retain new customers and to increase
revenues generated from repeat customers; its expectations
regarding demand for and market acceptance of its products and
services; trends and competition in China's express delivery market; changes in
its revenues and certain cost or expense items; the expected growth
in China's express delivery
market; Chinese governmental policies relating to express industry
and general economic conditions in China. Further information regarding these and
other risks is included in ZTO Express's filings with the SEC and
the prospectus registered in Hong
Kong. All information provided in this press release and in
the attachments is as of the date of this press release, and ZTO
Express undertakes no obligation to update any forward-looking
statement, except as required under applicable law.
Contacts
Investor Relations
Tel: (86) 21 5980 4508
Email: ir@zto.com
Media
Tel: (86) 21 3108 0370
Email: media@zto.com
For further information, please contact:
Wonderful Sky Financial Group Limited
Angie Li / Rachel Xia
Tel: (852) 3970 2273 / (852) 3970 2176
Email: angieliy@wsfg.hk / rachelxiac@wsfg.hk / po@wsfg.hk
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SOURCE ZTO Express Cayman Inc.