SHANGHAI, Dec. 19, 2017 /PRNewswire/ -- ZTO Express
(Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading
express delivery company in China,
today announced that one of its wholly-owned subsidiaries, Shanghai
Zhongtongji Network Technology Co. Ltd. ("Zhongtongji Network"),
was recognized as a national High and New
Technology Enterprise ("HNTE") by relevant PRC government
authorities.
With national HNTE status, Zhongtongji Network is eligible to a
reduced income tax rate of 15% for a three-year period starting
January 1, 2017 through December 31, 2019. Zhongtongji Network's
continued qualification as a HNTE will be subject to the review by
the relevant PRC government authorities every three years.
Founded in July 2015, Zhongtongji
Network operates ZTO's information systems and primarily provides
information technology related services to ZTO's subsidiaries and
consolidated affiliated entities for service fees.
Mr. Meisong Lai, Founder,
Chairman and Chief Executive Officer of ZTO, commented, "I'm
pleased to see Zhongtongji Network recognized as a national High
and New Technology Enterprise. We have always committed ourselves
to investing in the research and development of technology and the
adoption of technologies in express deliveries. We are grateful for
the government's support for and recognition of these efforts.
Going forward, we will continue to invest in technology to further
enhance operational efficiency, improve user experience, and create
greater value for our customers and shareholders."
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.
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company")
is a leading express delivery company in China and 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://zto.investorroom.com.
For investor and media inquiries, please contact:
ZTO
Ms. Sophie Li
Investor Relations Department
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
View original
content:http://www.prnewswire.com/news-releases/zto-express-announces-technology-focused-subsidiary-to-receive-preferential-tax-treatment-as-a-national-high-and-new-technology-enterprise-300573009.html
SOURCE ZTO Express (Cayman) Inc.