Core Viewpoint - ZTO Express (02057) announced a share transfer agreement where ZTO Aviation will acquire 100% equity of Zhejiang Xinglian from ZTO Yun Cold for a total consideration of RMB 178 million, enhancing the group's logistics capabilities in air freight services [1] Group 1: Acquisition Details - The acquisition involves ZTO Aviation purchasing 100% equity of Zhejiang Xinglian, which is currently wholly owned by ZTO Yun Cold [1] - The total consideration for the acquisition is RMB 178 million [1] - Upon completion, Zhejiang Xinglian will become a wholly-owned subsidiary of ZTO Aviation and its financial performance will be consolidated into the group's financial results [1] Group 2: Strategic Implications - The acquisition is expected to enhance the group's end-to-end domestic and international air logistics capabilities [1] - It will strengthen the overall competitiveness of the group in the air freight service sector [1] - The board believes that the acquisition aligns with the group's operational processes and will optimize operations and organizational synergy [1] Group 3: Financial Impact - The stable operations and past profitability of Zhejiang Xinglian are anticipated to contribute positively to the group's performance and increase shareholder returns post-acquisition [1]

Core Viewpoint - ZTO Express (02057) announced the acquisition of 100% equity in Zhejiang Xinglian for a total consideration of RMB 178 million, which will enhance its air freight capabilities and overall competitiveness in the logistics sector [1] Group 1: Acquisition Details - The acquisition agreement was signed between ZTO Aviation, ZTO Cloud Cold, and Zhejiang Xinglian, with ZTO Aviation agreeing to purchase the entire stake [1] - As of the announcement date, ZTO Cloud Cold holds 100% equity in Zhejiang Xinglian, and post-acquisition, Zhejiang Xinglian will become a wholly-owned subsidiary of ZTO Aviation [1] Group 2: Strategic Implications - The acquisition is expected to improve the end-to-end domestic and international air logistics capabilities of the group, thereby enhancing its competitiveness in the air freight service sector [1] - The board, including independent non-executive directors, believes that the acquisition aligns with the group's operational processes and aims to optimize operations and organizational synergy [1] Group 3: Financial Impact - Following the completion of the acquisition, Zhejiang Xinglian's financial performance will be fully consolidated into the group's financial results [1] - Given Zhejiang Xinglian's stable operations and historical profitability, the acquisition is anticipated to bolster the group's performance and enhance shareholder returns [1]