6-K: Report of foreign private issuer (related to financial reporting)

ZTO Aviation, a consolidated affiliated entity of ZTO Express, has entered into an agreement to acquire 100% equity interest in Zhejiang Xinglian Air Freight Co., Ltd. from ZTO Yun Leng for RMB178 million. The transaction will be settled in two installments: RMB100 million as down payment and RMB78 million as final payment upon completion.The acquisition aims to enhance ZTO's end-to-end domestic and international air logistics capabilities. Zhejiang Xinglian, established in 2018, reported unaudited net profits of RMB65.39 million and RMB65.71 million for 2023 and 2024 respectively. The purchase price was determined based on an independent valuation of RMB179 million as of September 30, 2025.Upon completion, Zhejiang Xinglian will become a wholly-owned subsidiary of ZTO Aviation, with its financial results consolidated into the Group. The transaction constitutes a connected transaction as ZTO Yun Leng is partially owned by ZTO's Chairman and controlling shareholder Mr. Meisong LAI (19.5%) and ZTO Express (18%).

ZTO Aviation, a consolidated affiliated entity of ZTO Express, has entered into an agreement to acquire 100% equity interest in Zhejiang Xinglian Air Freight Co., Ltd. from ZTO Yun Leng for RMB178 million. The transaction will be settled in two installments: RMB100 million as down payment and RMB78 million as final payment upon completion.The acquisition aims to enhance ZTO's end-to-end domestic and international air logistics capabilities. Zhejiang Xinglian, established in 2018, reported unaudited net profits of RMB65.39 million and RMB65.71 million for 2023 and 2024 respectively. The purchase price was determined based on an independent valuation of RMB179 million as of September 30, 2025.Upon completion, Zhejiang Xinglian will become a wholly-owned subsidiary of ZTO Aviation, with its financial results consolidated into the Group. The transaction constitutes a connected transaction as ZTO Yun Leng is partially owned by ZTO's Chairman and controlling shareholder Mr. Meisong LAI (19.5%) and ZTO Express (18%).