ZTO EXPRESS CAYMAN INC

Ticker: ZTO CUSIP: 98980A105 Class: Foreign Stock

INDUS CAPITAL PARTNERS, LLC's Holding History (CIK: 0001350879)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 11,600 Value ($000) $162 Avg Close — Range —

Q4 2016

Shares 624,200 Value ($000) $7,534 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	11,600	$162	—	—
Q4 2016	624,200	$7,534	—	—