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Reported Late Thursday March 9, ZTO Provides Updates On Response To Short Seller Report By Grizzly Research LLC On March 2, 2023; Co. Decided To Conduct An Independent Investigation Into The Allegations Made In The Short Seller Report

ZTO Express (Cayman) Inc. (NYSE:ZTO), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced that following its previous statement in

ZTO

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Grizzly Research Tweets “$ZTO boasts margins >2x the average of its peers.; It is our view that $ZTO ‘s apparently superior margins are, in fact, just the result of its potentially falsified financial statements.”

https://twitter.com/ResearchGrizzly/status/1631311166600249344?s=20 https://twitter.com/ResearchGrizzly/status/1631311233361014789 $ZTO is one of the leading players in the intensely competitive Chinese logistics

ZTO