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ZTO Express Renews Connected Transactions to Secure Key Logistics Supplies

Story Highlights
  • ZTO Express renewed its connected transaction framework agreements from 2026 to 2028 under Hong Kong Listing Rules.
  • A new procurement deal with Shanghai Mingyu secures vital thermal paper supplies to support ZTO’s long-term delivery operations growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ZTO Express Renews Connected Transactions to Secure Key Logistics Supplies

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An update from ZTO Express (Cayman), Inc. Class A ( (HK:2057) ) is now available.

ZTO Express (Cayman) Inc. has renewed a series of continuing connected transactions by entering into new framework agreements on December 29, 2025, effective from January 1, 2026 to December 31, 2028, with counterparties regarded as connected persons under Hong Kong Listing Rules. The renewed Procurement Framework Agreement with Shanghai Mingyu secures the ongoing supply of high-quality thermal paper used for waybill labels, which the company views as critical to preventing parcel loss or delivery delays and ensuring the smooth, efficient operation and long-term growth of its express delivery business; the transaction falls within thresholds that require reporting and annual review but is exempt from circular and independent shareholders’ approval requirements.

The most recent analyst rating on (HK:2057) stock is a Buy with a HK$180.00 price target. To see the full list of analyst forecasts on ZTO Express (Cayman), Inc. Class A stock, see the HK:2057 Stock Forecast page.

More about ZTO Express (Cayman), Inc. Class A

ZTO Express (Cayman) Inc. is a leading express delivery and logistics company, operating primarily in China and listed in Hong Kong with American depositary shares trading on the New York Stock Exchange. The group relies heavily on high-quality logistics supplies, such as thermal paper for waybill labels, to support accurate parcel tracking and efficient delivery operations in the competitive express delivery market.

Average Trading Volume: 1,436,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$128.2B

For detailed information about 2057 stock, go to TipRanks’ Stock Analysis page.

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