<p>ZTO EXPRESS-W (02057.HK) announced related transactions, with its subsidiary ZTO Airlines acquiring 100% equity of Zhejiang Xinglian for cash consideration of RMB 178 million, to be settled with internal resources. Upon completion, the group will hold 100% equity of Zhejiang Xinglian, which will enhance the group's end-to-end domestic and international air logistics capabilities</p>

02057

<p>ZTO EXPRESS-W announced related transactions, with its subsidiary ZTO Airlines acquiring 100% equity of Zhejiang Xinglian for a cash consideration of RMB 178 million, to be settled using internal resources. Upon completion, the group will hold 100% equity of Zhejiang Xinglian, which will enhance the group's end-to-end domestic and international air logistics capabilities</p>

ZTO Express spent 178 million RMB to acquire its air freight business