ZTO EXPRESS CAYMAN INC

Ticker: ZTO CUSIP: 98980A105 Class: Foreign Stock

Waratah Capital Advisors Ltd.'s Holding History (CIK: 0001539919)

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

Q1 2018

Shares 65,105 Value ($000) $976 Avg Close — Range —

Q4 2017

Shares 44,867 Value ($000) $711 Avg Close — Range —

Q3 2017

Shares 45,538 Value ($000) $639 Avg Close — Range —

Q2 2017

Shares 92,815 Value ($000) $1,296 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	65,105	$976	—	—
Q4 2017	44,867	$711	—	—
Q3 2017	45,538	$639	—	—
Q2 2017	92,815	$1,296	—	—