Document:

Exhibit 10.5

 

Executed Version

 

Exclusive Call Option Agreement

 

Regarding

 

ZTO Express Co., Ltd.

 

Among

 

Meisong Lai

 

Jianfa Lai

 

Jilei Wang

 

Xiangliang Hu

 

Shunchang Zhang

 

Shareholders listed in Appendix

 

ZTO Express Co., Ltd.

 

And

 

Shanghai Zhongtongji Network Technology Co., Ltd.

 

August 18, 2015

 

 

EXCLUSIVE CALL OPTION AGREEMENT

 

This EXCLUSIVE CALL OPTION AGREEMENT (this “Agreement”), dated August 18, 2015, is made by and among:

 

1.                                ZTO Express Co., Ltd. (the “Company”)
 Registered address: Block 1, 1685 Hua Zhi Road, Huaxin Town, Qingpu District, Shanghai
 Legal representative: Meisong Lai

 

2.              Shanghai Zhongtongji Network Technology Co., Ltd. (the “WFOE”)
 Registered address: Block 5, 1685 Hua Zhi Road, Huaxin Town, Qingpu District, Shanghai
 Legal representative: Meisong Lai

 

3.                                Meisong Lai

 

4.                                Jianfa Lai

 

5.                                Jilei Wang

 

6.                                Xiangliang Hu

 

7.                                Shunchang Zhang

 

8.                                Xuebing Shang,

 

9.                                Feixiang Qiu

 

10.                         Baixi Lan

 

11.                         Feng Meng

 

12.                         Hongjun Xu

 

13.                         Yaoren Zhang

 

14.                         Beijing Sequoia Xinyuan Equity Investment Center (L.P.), business license No. 110114015001641

 

15.                         Tianjin Sequoia Juye Equity Investment Centre (L.P.), business license No. 120192000071010

 

16.                         Lemou Wu

 

17.                         Jianying Teng

 

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18.                         Baozhen Li

 

19.                         Shumin Ma

 

20.                         Wei Wang

 

21.                         Jianchang Lai

 

22.                         Mingsong Lai

 

23.                         Senliang Wang

 

24.                         Youwang Zeng

 

25.                         Zongrui Hong

 

26.                         Lijun Huang

 

27.                         Zhiming Lin

 

28.                         Rui Wang

 

29.                         Dianyuan Ren

 

30.                         Minye Xu

 

31.                         Ziwen Chen

 

32.                         Shunfeng Chen

 

33.                         Fushan Cui

 

34.                         Jian Zhang

 

35.                         Shunmei Pan

 

36.                         Xiaoliang Yuan

 

37.                         Haifeng Zhou

 

38.                         Jiangxiu Xi

 

39.                         Kunman Xiao

 

40.                         Weijun Yao

 

41.                         Bo Yang

 

42.                         Genfu Zhu

 

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43.                         Jian Zhang

 

44.                         Yongfang Pan

 

45.                         Beijng Wudao Technology Investment Management Co., Ltd., business license No. 110108018485177

 

(the above No. 3 to No. 45 are collectively referred to as the “Existing Shareholders”)

 

(Each of the above individually being referred to as a “Party” and collectively the “Parties”)

 

Whereas,

 

(1)                                 The Existing Shareholders are registered shareholders of the Company holding in aggregate all of the Company’s shares, and as of the date hereof, their respective contribution amount and percentage in the Company’s registered capital are specified in Appendix I hereof.

 

(2)                                 To the extent not in violation of the PRC laws, the Existing Shareholders intend to transfer to the WFOE, and the WFOE is willing to be transferred, the entire shares they hold in the Company.

 

(3)                                 To the extent not in violation of the PRC laws, the Company intends to transfer to the WFOE, and the WFOE is willing to be transferred, the assets held by the Company.

 

(4)                                 In order to effect such transfer of shares or assets, the Existing Shareholders and the Company agree to grant the WFOE an exclusive and irrevocable share transfer option and an exclusive and irrevocable asset purchase option respectively, pursuant to which the Existing Shareholders or the Company shall, to the extent allowed by the PRC laws, transfer the Option Shares or the Company Assets (as defined below) to the WFOE and/or any other entity or individual designated by the WFOE in accordance with the terms hereof and as required by the WFOE.

 

(5)                                 The Company agrees that the Existing Shareholders will grant the WFOE with a Share Transfer Option in accordance with this Agreement.

 

(6)                                 The Existing Shareholder agree that the Company will grant the WFOE with an Asset Purchase Option in accordance with this Agreement.

 

NOW, THEREFORE, the Parties hereby agree as follows through negotiations:

 

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ARTICLE I

 

DEFINITIONS

 

1.1                               Unless otherwise explained as required by the context, in this Agreement, the following terms shall have the following meanings:

 

	
PRC Laws
    	
 
    	
mean the then-effective laws, administrative   regulations, administrative rules, local decrees, judicial interpretations   and other binding documents of the PRC.
    
	
 
    	
 
    	
 
    
	
Share Transfer Option
    	
 
    	
means the option to purchase the shares of the   Company that is granted by the Existing Shareholders to the WFOE in   accordance with the terms and conditions hereof.
    
	
 
    	
 
    	
 
    
	
Asset Purchase Option
    	
 
    	
means the option to purchase any of the Company   Assets that is granted by the Company to the WFOE in accordance with the   terms and conditions hereof.
    
	
 
    	
 
    	
 
    
	
Option Shares
    	
 
    	
mean, with respect to an Existing Shareholder, all   the shares it holds in the Company’s Registered Capital (as defined below);   with respect to all of the Existing Shareholders, 100% shares of the Company.
    
	
 
    	
 
    	
 
    
	
Company’s Registered Capital
    	
 
    	
means the registered capital of the Company as of   the date hereof, i.e. RMB 600 million, which also includes the increased   registered capital as a result of any form of capital increase during the   effective term of this Agreement.
    
	
 
    	
 
    	
 
    
	
Transferred Shares
    	
 
    	
mean the shares of the Company that the WFOE is   entitled to require the Existing Shareholders to transfer to it or its   designated entity or person pursuant to Article 3 hereof in exercising   the Share Transfer Option, and the quantity of such Transferred Shares may be   all or part of the Option Shares and is to be determined at the sole   discretion of the WFOE in accordance with the then-current PRC Laws and   depending upon its own commercial considerations.
    
	
 
    	
 
    	
 
    
	
Transferred Assets
    	
 
    	
mean the Company Assets that the WFOE is entitled to   require the Company to transfer to it or its designated entity or person   pursuant to Article 3 hereof in exercising the Asset Purchase Option,   and the quantity of such Transferred Assets may be all or part of the Company   Assets and is to be determined at the sole discretion of the WFOE in   accordance with the then-current PRC Laws and depending upon its own   commercial considerations.
    
	
 
    	
 
    	
 
    
	
Exercise
    	
 
    	
means the exercise of the Share Transfer Option or   Asset Purchase 
    

 

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Option by the WFOE.
    
	
 
    	
 
    	
 
    
	
Transfer Price
    	
 
    	
means the entire consideration payable by the WFOE   or its designated entity or person in each Exercise to the Existing   Shareholders or the Company for acquiring the Transferred Shares or the   Company Assets.
    
	
 
    	
 
    	
 
    
	
Business License
    	
 
    	
means any approval, permit, filing,   registration, etc. that is necessary to be held by the Company for the   legitimate and valid conduct of all its business, including without   limitation the Business License for Enterprise Legal Person, Tax Registration   Certificate and other permits and licenses then required under the PRC Laws.
    
	
 
    	
 
    	
 
    
	
Company Assets
    	
 
    	
mean all of the tangible and intangible assets that   is owned by the Company or the Company has the right of disposal during the   effective term of this Agreement, including without limitation any real   property, current property and trademarks, authorship, patents, know-how,   domain names, software use right and such other intellectual property rights.
    
	
 
    	
 
    	
 
    
	
Material Agreement
    	
 
    	
means any agreement to which the Company is a party   and that may have material impact on the Company’s business or assets,   including without limitation the Exclusive Consulting and Services Agreement   executed concurrently with this Agreement and other material agreements   regarding the business of the Company.
    
	
 
    	
 
    	
 
    
	
Exercise Notice
    	
 
    	
has the meaning ascribed to it in Section 3.7   hereof.
    
	
 
    	
 
    	
 
    
	
Confidential Information
    	
 
    	
has the meaning ascribed to it in Section 8.1   hereof.
    
	
 
    	
 
    	
 
    
	
Defaulting Party
    	
 
    	
has the meaning ascribed to it in Section 11.1   hereof.
    
	
 
    	
 
    	
 
    
	
Default
    	
 
    	
has the meaning ascribed to it in Section 11.1   hereof.
    
	
 
    	
 
    	
 
    
	
Rights
    	
 
    	
has the meaning ascribed to it in Section 12.5   hereof.
    

 

1.2                               Any reference to the PRC Laws herein shall be deemed:

 

(a)                       to also include the reference to any revision, amendment, supplement and reenactment of such PRC Laws, irrespective of whether such revision, amendment, supplement and reenactment comes into force before or after the date hereof; and

 

(b)                       to also include the reference to any other decision, notice and rule formulated under, or that becomes effective as a result of, any provision of such PRC Laws.

 

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1.3                               Unless otherwise specified in the context herein, any reference to an article, section, paragraph or item shall mean the corresponding article, section, paragraph or item in this Agreement.

 

ARTICLE II

 

GRANT OF SHARE TRANSFER OPTION AND ASSET PURCHASE OPTION

 

2.1                               The Existing Shareholders agree to unconditionally and irrevocably grant the WFOE, and the WFOE agrees to accept, an exclusive share transfer option, pursuant to which the WFOE is entitled to require the Existing Shareholders, to the extent permissible by the PRC Laws, to transfer the Option Shares to it or to an entity or person designated by it in accordance with the terms and conditions herein.

 

2.2                               The Company hereby agrees that the Existing Shareholders shall grant the Share Transfer Option in accordance with the above Section 2.1 and other provisions herein.

 

2.3                               The Company hereby agrees to unconditionally and irrevocably grants the WFOE, and the WFOE agrees to accept, an exclusive asset purchase option, pursuant to which the WFOE is entitled to require the Company, to the extent permissible by the PRC Laws, to transfer any and portion of the Option Shares to it or to an entity or person designated by it in accordance with the terms and conditions herein.

 

2.4                               The Existing Shareholders hereby agrees that the Company shall grant the Asset Purchase Option in accordance with the above Section 2.3 and other provisions herein.

 

ARTICLE III

 

MANNER OF EXERCISE

 

3.1                               Subject to the terms and conditions herein and to the extent permissible by the PRC Laws, the WFOE has the absolute discretion to decide the time, manner and number of times of its Exercise.

 

3.2                               Subject to the terms and conditions herein and to the extent not in violation of the then-current PRC Laws, the WFOE is entitled to require at any time that the WFOE itself or other entity or person it designates be transferred all or part of the shares from the Existing Shareholders.

 

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3.3                               Subject to the terms and conditions herein and to the extent not in violation of the then-current PRC Laws, the WFOE is entitled to require at any time that the WFOE itself or other entity or person it designates be transferred all or part of the Company Assets from the Company.

 

3.4                               In respect of the Share Transfer Option, for each Exercise, the WFOE is entitled to decide the amount of the Transferred Shares to be transferred by the Existing Shareholders to the WFOE and/or its designated entity or person in such Exercise, and the Existing Shareholders shall sell the Transferred Shares to the WFOE and/or its designated entity or person in such amount determined by the WFOE. The WFOE and/or its designated entity or person shall pay Transfer Price to the Existing Shareholders selling the Transferred Shares in respect of the Transferred Shares sold in each Exercise.

 

3.5                               In respect of the Asset Purchase Option, for each Exercise, the WFOE is entitled to decide the specific Company Assets to be transferred by the Company to the WFOE and/or its designated entity or person in such Exercise, and the Company shall sell the Transferred Assets to the WFOE and/or its designated entity or person as determined by the WFOE. The WFOE and/or its designated entity or person shall pay Transfer Price to the Company in respect of the Transferred Assets sold in each Exercise.

 

3.6                               In each Exercise, the WFOE may require the Transferred Shares or Transferred Assets to be transferred to itself or designate any third party to be transferred all or part of the Transferred Shares or Transferred Assets.

 

3.7                               Each time the WFOE has made the decision of Exercise, it shall serve a Share Transfer Exercise Notice or Asset Purchase Option Notice (each an “Exercise Notice,” the form of which is attached as Appendix 2 and Appendix 3) to the Existing Shareholders or the Company, as the case may be. The Existing Shareholders or the Company shall, upon its receipt of the Exercise Notice, act as required in the Exercise Notice and transfer in a lump sum all of the Transferred Shares or Transferred Assets to the WFOE and/or its designated entity or person in the manner provided in Section 3.4 or 3.5 hereof.

 

ARTICLE IV

 

PURCHASE PRICE

 

4.1                               With respect to the Share Transfer Option, the entire Transfer Price of each Exercise payable by the WFOE or its designated entity or person to the Existing Shareholders shall be equal to the lower of (i) the amount of contribution in the Company’s Registered Capital to which the Transferred Shares correspond to, or (ii) the lowest price permissible under the then-current PRC Laws.

 

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4.2                               With respect to the Asset Purchase Option, the WFOE or its designated entity or person shall pay to the Company the lowest price permissible under the then-current PRC Laws for each Exercise.

 

ARTICLE V

 

REPRESENTATIONS AND WARRANTIES

 

5.1                               Each of the Existing Shareholders hereby represents and warrants that:

 

5.1.1                     it is a PRC citizen with full capacity of conduct, a limited partnership or a limited liability company; it has full and independent legal status and capacity to execute, deliver and perform and can independently act as a party to a lawsuit.

 

5.1.2                     the Company is a company limited by shares and duly registered and validly existing under the PRC Laws, and has independent legal status; it has full and independent legal status and capacity to execute, deliver and perform and can independently act as a party to a lawsuit.

 

5.1.3                     it has full power and authority to execute, deliver and perform this Agreement and all the other documents to be signed by it relating to the transactions contemplated hereby, and to consummate the transactions contemplated hereby.

 

5.1.4                     this Agreement is duly and legally executed and delivered by the Existing Shareholders and constitutes its legal and binding obligation and may be enforced against it in accordance with the terms hereof.

 

5.1.5                     it is the registered legal owner of the Option Shares as of the date hereof, and the Option Shares are free of any lien, pledge, claim or other security interest or third party right, except for (i) the pledge created in accordance with the Share Pledge Agreement executed by and among the Company, the WFOE and the Existing Shareholders on the date hereof, and (ii) the proxy right created in accordance with the Shareholders’ Voting Proxy Agreement executed on the date hereof. According to this Agreement, the WFOE and/or its designated entity or person may, after the Exercise, acquire the sound ownership of the Transferred Shares free of any lien, pledge, claim or other security interest or third party right.

 

5.1.6                     to its knowledge, the Company Assets are free of any lien, pledge, claim or other security interest or third party right. According to this Agreement, the WFOE and/or its designated entity or person may, after the Exercise, acquire the sound ownership of the Company Assets free of any lien, pledge, claim or other security interest or third party right.

 

5.1.7                     unless as required by compulsory PRC Laws, it shall not require the Company to declare distribution of or actually grant any distributable profits, bonus or dividends, and once it receives any profits, bonus or dividends from the Company, it shall,

 

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to the extent in compliance with the PRC Laws, promptly give such profits, bonus or dividends (net of relevant taxes) to the WFOE or any eligible entity or person designated by the WFOE.

 

5.2                               The Company hereby represents and warrants that:

 

5.2.1                     it is a company limited by shares and duly registered and validly existing under the PRC Laws, and has independent legal status; it has full and independent legal status and capacity to execute, deliver and perform and can independently act as a party to a lawsuit.

 

5.2.2                     it has full power and authority to execute, deliver and perform this Agreement and all the other documents to be signed by it relating to the transactions contemplated hereby, and to consummate the transactions contemplated hereby.

 

5.2.3                     this Agreement is duly and legally executed and delivered by it and constitutes its legal and binding obligation.

 

5.2.4                     the Company Assets are free of any lien, pledge, claim or other security interest or third party right. According to this Agreement, the WFOE and/or its designated entity or person may, after the Exercise, acquire the sound ownership of the Company Assets free of any lien, pledge, claim or other security interest or third party right.

 

5.2.5                     unless as required by compulsory PRC Laws, it shall not declare distribution or actually grant any distributable profits, bonus or dividends.

 

5.3                               The WFOE hereby represents and warrants that:

 

5.3.1                     it is a foreign investment company duly registered and validly existing under the PRC Laws, and has independent legal status; it has full and independent legal status and capacity to execute, deliver and perform and can independently act as a party to a lawsuit.

 

5.3.2                     it has full power and authority to execute, deliver and perform this Agreement and all the other documents to be signed by it relating to the transactions contemplated hereby, and to consummate the transactions contemplated hereby.

 

5.3.3                     this Agreement is duly and legally executed and delivered by it and constitutes its legal and binding obligation.

 

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ARTICLE VI

 

COVENANTS OF THE EXISTING SHAREHOLDERS

 

Each of the Existing Shareholders hereby covenants that:

 

6.1                               without prior written consent by the WFOE, throughout the effective term hereof,

 

6.1.1                     it will not transfer or otherwise dispose of, or create any security interest or other third party right on, any Option Shares;

 

6.1.2                     it will not increase or decrease the Company’s Registered Capital, or otherwise cause the Company to merge with any other entity;

 

6.1.3                     it will not dispose of or cause the Company’s management to dispose of any material Company Assets, except those in the ordinary course of business;

 

6.1.4                     it will not terminate or cause the Company’s management to terminate any material agreement executed by the Company, or sign any other agreement that is in conflict with any existing material agreement;

 

6.1.5                     it will not appoint or dismiss any director, supervisor or any other managerial person that should be appointed or dismissed by all the Existing Shareholders;

 

6.1.6                     it will not cause the Company to declare declaration of or actually grant any distributable profits, bonus or dividends;

 

6.1.7                     it will ensure that the Company is validly existing and will not be terminated, liquidated or dissolved;

 

6.1.8                     it will not amend the Company’s articles of association; and

 

6.1.9                     it will ensure that the Company will not lend or borrow loans, or provide security or otherwise provide guarantee, or assume any substantial obligation other than in the ordinary course of business.

 

6.2                               throughout the effective term of this Agreement, it must use its best efforts to develop the Company’s business and ensure the due and compliant operations of the Company, and it will not conduct any act or omission that may jeopardize the Company Assets, goodwill or the validity of the Company’s Business License.

 

6.3                               throughout the effective term of this Agreement, it shall timely inform the WFOE of any circumstances that may have material adverse effect on the Company’s existence,

 

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operations, financial performance, assets or goodwill, and shall take all measures accepted by the WFOE to preclude such adverse circumstances or take effective remedial measures.

 

6.4                               once the WFOE serves the Exercise Notice:

 

6.4.1                     it shall immediately hold a shareholders’ meeting, adopt resolutions at such meeting and take all other necessary actions to approve the transfer by the Existing Shareholders or the Company of all of the Transferred Shares or Transferred Assets to the WFOE and/or WFOE’s designated entity or person at the Transfer Price, and shall waive any right of first refusal (if any) it may own;

 

6.4.2                     it shall immediately execute a share transfer agreement with the WFOE and/or WFOE’s designated entity or person to transfer all of the Transferred Shares to the WFOE and/or WFOE’s designated entity or person at the Transfer Price, and provide necessary support to the WFOE (including providing and executing all relevant legal documents, performing all government approval and registration procedures and assuming all relevant obligations) as required by the WFOE and the laws and regulations, to enable the WFOE and/or WFOE’s designated entity or person to acquire all of the Transferred Shares free of any legal defects, or any security interest, third party restriction or any other restriction on the shares.

 

6.5                               if the aggregate amount of the Transfer Price received by it in respect of the Transferred Shares it holds is higher than its contribution to the Company, or it receives any form of profit distribution, dividend or bonus from the Company, then the Existing Shareholder agrees to waive, to the extent not in violation of the PRC Laws, the proceeds from such premium and any such profit distribution, dividend or bonus (net of relevant taxes), and the WFOE shall be entitled to such part of proceeds. The Existing Shareholders shall instruct relevant assignee or the Company to pay such part of proceeds to the bank account then designated by the WFOE.

 

ARTICLE VII

 

COVENANTS BY THE COMPANY

 

7.1                               The Company hereby covenants that:

 

7.1.1                     it will try its best to provide assistance in obtaining any third party consent, permit, waiver, authorization or any government approval, permit, waiver, or completing any registration or filing procedures (if legally required) with any government authority in connection with the execution and performance of this Agreement and the grant of the Share Transfer Option and Asset Purchase Option hereunder.

 

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7.1.2                     without prior written consent of the WFOE, it will not assist or permit the Existing Shareholders to transfer or otherwise dispose of any Option Shares or create any security interest or other third party right on any Option Shares.

 

7.1.3                     without prior written consent of the WFOE, it will not transfer or otherwise dispose of any material Company Assets, other than in the ordinary course of business, or create any security interest or other third party right on any Company Assets.

 

7.1.4                     it will not conduct or permit the conduct of any act or action that may have material adverse effect on the interests entitled by the WFOE hereunder, including without limitation any act or action subject to the restrictions provided in Section 6.1.

 

7.2                               once the WFOE serves the Exercise Notice:

 

7.2.1                     the Company shall immediately cause the Existing Shareholders to hold a shareholders’ meeting, adopt resolutions at such meeting and take all other necessary actions to approve the transfer by the Company of all of the Transferred Assets to the WFOE and/or WFOE’s designated entity or person at the Transfer Price;

 

7.2.2                     the Company shall immediately execute an asset transfer agreement with the WFOE and/or WFOE’s designated entity or person to transfer all of the Transferred Assets to the WFOE and/or WFOE’s designated entity or person at the Transfer Price, and cause the shareholders to provide necessary support to the WFOE (including providing and executing all relevant legal documents, performing all government approval and registration procedures and assuming all relevant obligations) as required by the WFOE and the laws and regulations, to enable the WFOE and/or WFOE’s designated entity or person to acquire all of the Transferred Assets free of any legal defects, or any security interest, third party restriction or any other restriction on the Company Assets.

 

ARTICLE VIII

 

CONFIDENTIALITY OBLIGATIONS

 

8.1                               Whether or not this Agreement is terminated, all Parties shall keep in strict confidence the trade secrets, proprietary information, client information and all other information of a confidential nature regarding the other Parties acquired in the conclusion and performance of this Agreement (collectively the “Confidential Information”). Except with a prior written consent of the disclosing party of the Confidential Information or except the disclosure that must be made in accordance with relevant laws and regulations or the requirements of the place where a Party’s affiliate is listed, the Party receiving the Confidential Information shall not disclose any Confidential Information to any other third party; the Party receiving the Confidential

 

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Information shall not directly or indirectly use any Confidential Information except for purposes of performing this Agreement.

 

8.2                               The following information shall not constitute Confidential Information:

 

(a)                       any information which, as shown by written evidence, has previously been known to the receiving Party through legal means;

 

(b)                       any information that enters into the public domain not due to the fault of the receiving Party; or

 

(c)                        any information that is acquired by the receiving Party from legal sources subsequent to the receipt of Confidential Information.

 

8.3                               The receiving Party may disclose the Confidential Information to its relevant employees, agents or professionals retained by it, provided that the receiving Party shall make sure that such persons will comply with the relevant terms and conditions of this Agreement and assume any liabilities arising as a result of such person’s breach of the relevant terms and conditions of this Agreement.

 

8.4                               Notwithstanding anything else contained herein, this article shall survive the termination of this Agreement.

 

ARTICLE IX

 

TERM

 

This Agreement shall be effective as of the date of its due execution by the Parties, and shall terminate after all of the Option Shares and Company Assets have been duly transferred under the name of the WFOE and/or its designated entity or person pursuant to the provisions hereof.

 

ARTICLE X

 

NOTICES

 

10.1                        Any notices, requests, demands and other communications required to be given or made pursuant to this Agreement shall be made in writing and delivered to relevant Parties.

 

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10.2                        Such notices or other communications shall be deemed to be duly served upon delivery if sent by fax or telex, or upon delivery if sent by personal delivery, or after five (5) days upon delivered to the post if sent by mail.

 

ARTICLE XI

 

LIABILITIES FOR BREACH OF CONTRACT

 

11.1                        The Parties agree and acknowledge that if any Party (“Defaulting Party”) materially breaches any provision of this Agreement, or materially fails to perform or delays performing any of its obligations hereunder, such breach, failure or delay shall constitute a default hereunder (the “Default”), and the non-defaulting Party may require the Defaulting Party to rectify or correct the Default or take remedial measures; if the Defaulting Party fails to rectify or correct the Default or take remedial measures within such reasonable period of time or within ten (10) days upon the issuance of the written notice by the non-defaulting Party requiring such rectification or correction, the non-defaulting Party may decide at its sole discretion:

 

11.1.1              if the Existing Shareholders or the Company is the Defaulting Party, the WFOE may terminate this Agreement and require damages from the Defaulting Party;

 

11.1.2              if the WFOE is the Defaulting Party, the non-defaulting Party may require damages from the Defaulting Party, but in no event may such non-defaulting Party terminate or rescind this Agreement unless otherwise provided by the law.

 

11.2                        Notwithstanding anything else contained herein, this article shall survive the termination of this Agreement.

 

ARTICLE XII

 

MISCELLANEOUS

 

12.1                        This Agreement is written in Chinese in ten (10) originals, with Beijng Wudao Technology Investment Management Co., Ltd. holding one (1), Beijing Sequoia Xinyuan Equity Investment Center (L.P.) and Tianjin Sequoia Juye Equity Investment Centre (L.P.) holding two (2) and all the other Parties holding the remaining seven (7) originals.

 

12.2                        The formation, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Laws.

 

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12.3                        Any dispute arising under or in connection with this Agreement shall be resolved through negotiations between the Parties. In case the Parties fail to reach agreement within thirty (30) days upon the occurrence of the dispute, such dispute shall be submitted to Shanghai International Economic and Trade Arbitration Commission for arbitration in accordance with the then-effective arbitration rules. The place for the arbitration shall be in Shanghai and the language used in the arbitration shall be Chinese. The arbitral award shall be final and equally binding on all the Parties.

 

12.4                        No right, power and remedy of a Party empowered by any provision hereof shall preclude such Party from any other right, power or remedy entitled by it under the laws and other provisions hereof, nor shall any Party’s exercise of its rights, powers and remedies preclude such Party from exercising any other right, power or remedy entitled by it.

 

12.5                        Any Party’s failure to exercise or delay in exercising any right, power and remedy (the “Rights”) entitled by it under this Agreement or any law will not result in its waiver of such Rights, and any single or partial waiver of such Rights shall not preclude other exercise of such Rights or the exercise of other rights.

 

12.6                        The taxes and legal expenses and costs to be undertaken by one or more Parties hereto according to express requirements of applicable law in connection with the transactions hereunder (including without limitation the WFOE’s exercise of the Share Transfer Option and/or Asset Purchase Option hereunder) shall be fully reimbursed by the WFOE to such Party or Parties; provided, however, that the foregoing shall not apply to the taxes relating to any profits, bonus or dividends under Section 5.1.7 and 6.5 as well as the taxes on the premium of the Transferred Shares, for which the WFOE will not need to make any compensation to such Party or Parties.

 

12.7                        The headings contained in this Agreement are for the convenience of reference only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

12.8                        Each provision hereof is severable and independent of each other provision. If any one or more provisions of this Agreement is held void, invalid or unenforceable at any time, the validity, legality and enforceability of the other provisions hereof shall not be affected or impaired in any way.

 

12.9                        This Agreement, once executed, shall supersede all other prior legal documents entered into by the Parties with respect to the subject matters herein. Any amendments or supplements to this Agreement shall be made in writing and come into effect after duly signed by the Parties.

 

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12.10                 No Party shall transfer any of its rights and/or obligations hereunder to any third party without prior written consent of the other Parties.

 

12.11                 This Agreement shall be binding on the legal assigns or successors the Parties.

 

(No text below)

 

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(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

IN WITNESS THEREOF, this Exclusive Call Option Agreement has been signed by the Parties as of the date first written above.

 

 

	
ZTO Express Co., Ltd.
    
	
(Company seal: /s/ ZTO Express   Co., Ltd.)
    
	
 
    
	
By:
    	
/s/ Meisong Lai
    	
 
    
	
Name: Meisong   Lai
    	
 
    
	
Title: Legal   Representative
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Shanghai ZTO Ji Network Technology   Co., Ltd.
    
	
(Company seal: /s/ Shanghai ZTO Ji Network   Technology Co., Ltd.)
    
	
 
    	
 
    
	
By:
    	
/s/ Meisong Lai
    	
 
    
	
Name: Meisong   Lai
    	
 
    
	
Title: Legal   Representative
    	
 
    

 

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(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Meisong Lai

 

	
Signature:
    	
/s/ Meisong Lai
    	
 
    

 

2

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Jianfa Lai

 

	
Signature:
    	
/s/ Jianfa Lai
    	
 
    

 

3

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Jilei Wang

 

	
Signature:
    	
/s/ Jilei Wang
    	
 
    

 

4

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Xiangliang Hu

 

	
Signature: 
    	
/s/ Xiangliang Hu
    	
 
    

 

5

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Shunchang Zhang

 

	
Signature:
    	
/s/ Shunchang   Zhang
    	
 
    

 

6

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Xuebing Shang

 

	
Signature: 
    	
/s/ Xuebing Shang
    	
 
    

 

7

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Feixiang Qiu

 

	
Signature:
    	
/s/ Feixiang Qiu
    	
 
    

 

8

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Baixi Lan

 

	
Signature:
    	
/s/ Baixi Lan
    	
 
    

 

9

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Feng Meng

 

	
Signature:
    	
/s/ Feng Meng
    	
 
    

 

10

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Hongjun Xu

 

	
Signature:
    	
/s/ Hongjun Xu
    	
 
    

 

11

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Yaoren Zhang

 

	
Signature:
    	
/s/ Yaoren Zhang
    	
 
    

 

12

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

Lemou Wu

 

	
Signature:
    	
/s/ Lemou Wu
    	
 
    

 

13

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Jianying Teng
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Jianying Teng
    	
 
    	
 
    
				

 

14

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Baozhen Li
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature: 
    	
/s/ Baozhen Li
    	
 
    	
 
    
				

 

15

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Shumin Ma
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Shumin Ma
    	
 
    	
 
    
				

 

16

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Wei Wang
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Wei Wang
    	
 
    	
 
    
				

 

17

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Jianchang Lai
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Jianchang Lai
    	
 
    	
 
    
				

 

18

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Mingsong Lai
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Mingsong Lai
    	
 
    	
 
    
				

 

19

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Senliang Wang
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Senliang Wang
    	
 
    	
 
    
				

 

20

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Youwang Zeng
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Youwang Zeng
    	
 
    	
 
    
				

 

21

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Zongrui Hong
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Zongrui Hong
    	
 
    	
 
    
				

 

22

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Lijun Huang
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Lijun Huang
    	
 
    	
 
    
				

 

23

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Zhiming Lin
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Zhiming Lin
    	
 
    	
 
    
				

 

24

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Rui Wang
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Rui Wang
    	
 
    	
 
    
				

 

25

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Dianyuan Ren
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Dianyuan Ren
    	
 
    	
 
    
				

 

26

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Minye Xu
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Minye Xu
    	
 
    	
 
    
				

 

27

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Ziwen Chen
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Ziwen Chen
    	
 
    	
 
    
				

 

28

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Shunfeng Chen
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Shunfeng Chen
    	
 
    	
 
    
				

 

29

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Fushan Cui
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Fushan Cui
    	
 
    	
 
    
				

 

30

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Jian Zhang
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Jian Zhang
    	
 
    	
 
    
				

 

31

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Shunmei Pan
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Shunmei Pan
    	
 
    	
 
    
				

 

32

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Xiaoliang Yuan
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Xiaoliang Yuan
    	
 
    	
 
    
				

 

33

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Haifeng Zhou
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Haifeng Zhou
    	
 
    
			

 

34

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Jiangxiu Xi
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Jiangxiu Xi
    	
 
    
			

 

35

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Kunman Xiao
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Kunman Xiao
    	
 
    
			

 

36

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Weijun Yao
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Weijin Yao
    	
 
    
			

 

37

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Bo Yang
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Bo Yang
    	
 
    
			

 

38

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Genfu Zhu
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Genfu Zhu
    	
 
    
			

 

39

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Jian Zhang
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Jian Zhang
    	
 
    
			

 

40

 

(This page is the signature page of the Exclusive Call Option Agreement and contains no body text)

 

	
Yongfang Pan
    	
 
    
	
 
    	
 
    
	
Signature:
    	
/s/ Yongfang Pan
    	
 
    
			

 

41

 

Beijing Sequoia Xinyuan Equity Investment Center (L.P.)
  (Company seal: /s/ Beijing Sequoia Xinyuan Equity Investment Center (L.P.))

 

 

Tianjin Sequoia Juye Equity Investment Centre (L.P.)
  (Company seal: /s/ Tianjin Sequoia Juye Equity Investment Centre (L.P.))

 

 

Beijng Wudao Technology Investment Management Co., Ltd.
 (Company seal: /s/ Beijng Wudao Technology Investment Management Co., Ltd.)

 

	
By: 
    	
/s/ Yi Sun
    	
 
    
	
Name: Yi Sun
    	
 
    
	
Title: Legal Representative
    	
 
    

 

42

 

Appendix 1:

 

Basic Information of the Company

 

Company Name: ZTO Express Co., Ltd.

 

Shareholding structure:

 

	
No.
    	
 
    	
Name of Shareholder
    	
 
    	
Number of Shares/Contribution
   to Company’s Registered Capital
    	
 
    	
Shareholding
   Percentage
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Meisong Lai
    	
 
    	
206,100,000
    	
 
    	
34.35%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2
    	
 
    	
Jianfa Lai
    	
 
    	
72,000,000
    	
 
    	
12.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
3
    	
 
    	
Jilei Wang
    	
 
    	
60,000,000
    	
 
    	
10.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
4
    	
 
    	
Xiangliang Hu
    	
 
    	
42,300,000
    	
 
    	
7.05%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
5
    	
 
    	
Shunchang Zhang
    	
 
    	
36,000,000
    	
 
    	
6.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
6
    	
 
    	
Xuebing Shang
    	
 
    	
26,400,000
    	
 
    	
4.40%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
7
    	
 
    	
Feixiang Qiu
    	
 
    	
18,000,000
    	
 
    	
3.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
8
    	
 
    	
Baixi Lan
    	
 
    	
8,400,000
    	
 
    	
1.40%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
9
    	
 
    	
Feng Meng
    	
 
    	
6,000,000
    	
 
    	
1.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
10
    	
 
    	
Hongjun Xu
    	
 
    	
3,529,860
    	
 
    	
0.59%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
11
    	
 
    	
Yaoren Zhang
    	
 
    	
6,000,000
    	
 
    	
1.00%
    

 

1

 

	
12
    	
 
    	
Beijing Sequoia Xinyuan   Equity Investment Center (L.P.)
    	
 
    	
24,000,000
    	
 
    	
4.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
13
    	
 
    	
Tianjin Sequoia Juye   Equity Investment Centre (L.P.)
    	
 
    	
12,000,000
    	
 
    	
2.00%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
14
    	
 
    	
Lemou Wu
    	
 
    	
16,762,050
    	
 
    	
2.79%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
15
    	
 
    	
Jianying Teng
    	
 
    	
30,143,462
    	
 
    	
5.02%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
16
    	
 
    	
Baozhen Li
    	
 
    	
3,202,746
    	
 
    	
0.53%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
17
    	
 
    	
Shumin Ma
    	
 
    	
2,313,492
    	
 
    	
0.39%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
18
    	
 
    	
Wei Wang
    	
 
    	
1,568,250
    	
 
    	
0.26%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
19
    	
 
    	
Jianchang Lai
    	
 
    	
6,330,000
    	
 
    	
1.06%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
20
    	
 
    	
Mingsong Lai
    	
 
    	
6,250,000
    	
 
    	
1.04%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
21
    	
 
    	
Senliang Wang
    	
 
    	
2,960,088
    	
 
    	
0.49%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
22
    	
 
    	
Youwang Zeng
    	
 
    	
1,480,044
    	
 
    	
0.25%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
23
    	
 
    	
Zongrui Hong
    	
 
    	
903,900
    	
 
    	
0.15%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
24
    	
 
    	
Lijun Huang
    	
 
    	
259,986
    	
 
    	
0.04%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
25
    	
 
    	
Zhiming Lin
    	
 
    	
259,986
    	
 
    	
0.04%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
26
    	
 
    	
Rui Wang
    	
 
    	
609,006
    	
 
    	
0.10%
    

 

2

 

	
27
    	
 
    	
Dianyuan Ren
    	
 
    	
470,820
    	
 
    	
0.08%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
28
    	
 
    	
Minye Xu
    	
 
    	
689,868
    	
 
    	
0.11%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
29
    	
 
    	
Ziwen Chen
    	
 
    	
410,610
    	
 
    	
0.07%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
30
    	
 
    	
Shunfeng Chen
    	
 
    	
370,000
    	
 
    	
0.06%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
31
    	
 
    	
Fushan Cui
    	
 
    	
160,000
    	
 
    	
0.03%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
32
    	
 
    	
Jian Zhang
    	
 
    	
160,000
    	
 
    	
0.03%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
33
    	
 
    	
Shunmei Pan
    	
 
    	
150,000
    	
 
    	
0.03%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
34
    	
 
    	
Xiaoliang Yuan
    	
 
    	
75,000
    	
 
    	
0.01%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
35
    	
 
    	
Haifeng Zhou
    	
 
    	
450,000
    	
 
    	
0.08%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
36
    	
 
    	
Jiangxiu Xi
    	
 
    	
550,000
    	
 
    	
0.09%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
37
    	
 
    	
Kunman Xiao
    	
 
    	
940,000
    	
 
    	
0.16%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
38
    	
 
    	
Weijun Yao
    	
 
    	
504,000
    	
 
    	
0.08%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
39
    	
 
    	
Bo Yang
    	
 
    	
830,832
    	
 
    	
0.14%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
40
    	
 
    	
Genfu Zhu
    	
 
    	
126,000
    	
 
    	
0.02%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
41
    	
 
    	
Jian Zhang
    	
 
    	
165,000
    	
 
    	
0.03%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
42
    	
 
    	
Yongfang Pan
    	
 
    	
165,000
    	
 
    	
0.03%
    

 

3

 

	
43
    	
 
    	
Beijng Wudao Technology   Investment Management Co., Ltd.
    	
 
    	
10,000
    	
 
    	
0.0017%
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Total
    	
 
    	
600,000,000
    	
 
    	
100%
    

 

4

 

Appendix 2:

 

Form of Exercise Notice

 

To: Meisong Lai, Jianfa Lai, Jilei Wang, Xiangliang Hu, Shunchang Zhang, Xuebing Shang, Feixiang Qiu, Baixi Lan, Feng Meng, Hongjun Xu, Yaoren Zhang, Beijing Sequoia Xinyuan Equity Investment Center (L.P.), Tianjin Sequoia Juye Equity Investment Centre (L.P.), Lemou Wu, Jianying Teng, Baozhen Li, Shumin Ma, Wei Wang, Jianchang Lai, Mingsong Lai, Senliang Wang, Youwang Zeng, Zongrui Hong, Lijun Huang, Zhiming Lin, Rui Wang, Dianyuan Ren, Minye Xu, Ziwen Chen, Shunfeng Chen, Fushan Cui, Jian Zhang, Shunmei Pan, Xiaoliang Yuan, Haifeng Zhou, Jiangxiu Xi, Kunman Xiao, Weijun Yao, Bo Yang, Genfu Zhu, Jian Zhang, Yongfang Pan and Beijng Wudao Technology Investment Management Co., Ltd.

 

WHEREAS, we, ZTO Express Co., Ltd. (the “Company”) and you entered into an Exclusive Call Option Agreement (the “Option Agreement”) on August 18, 2015 and reached an agreement that you shall transfer the equity interest you hold in the Company to us or any third party designated by us at our request to the extent permitted by the PRC laws and regulations.

 

Therefore, we hereby give this notice to you as follows:

 

We hereby request to exercise the Share Transfer Option under the Option Agreement and we/[name of company/individual] designated by us will acquire the [·]% of the equity interest you hold in the Company (the “Proposed Acquired Shares”). Upon your receipt of this notice, you shall immediately transfer all the Proposed Acquired Equity to us/[name of designated company/individual] pursuant to the provisions of the Option Agreement.

 

Regards,

 

	
 
    	
Shanghai   Zhongtongji Network Technology   Co., Ltd.
    
	
 
    	
 
    
	
 
    	
Authorized representative:
    
	
 
    	
 
    
	
 
    	
Date:
    

 

5

 

Appendix 3:

 

Form of Exercise Notice

 

To: ZTO Express Co., Ltd.

 

WHEREAS, we, your Company and Meisong Lai, Jianfa Lai, Jilei Wang, Xiangliang Hu, Shunchang Zhang, Xuebing Shang, Feixiang Qiu, Baixi Lan, Feng Meng, Hongjun Xu, Yaoren Zhang, Beijing Sequoia Xinyuan Equity Investment Center (L.P.), Tianjin Sequoia Juye Equity Investment Centre (L.P.), Lemou Wu, Jianying Teng, Baozhen Li, Shumin Ma, Wei Wang, Jianchang Lai, Mingsong Lai, Senliang Wang, Youwang Zeng, Zongrui Hong, Lijun Huang, Zhiming Lin, Rui Wang, Dianyuan Ren, Minye Xu, Ziwen Chen, Shunfeng Chen, Fushan Cui, Jian Zhang, Shunmei Pan, Xiaoliang Yuan, Haifeng Zhou, Jiangxiu Xi, Kunman Xiao, Weijun Yao, Bo Yang, Genfu Zhu, Jian Zhang, Yongfang Pan and Beijng Wudao Technology Investment Management Co., Ltd. entered into an Exclusive Call Option Agreement (the “Option Agreement”) on August 18, 2015 and reached an agreement that your company shall transfer your assets to us or any third party designated by us at our request to the extent permitted by the PRC laws and regulations.

 

Therefore, we hereby give this notice to your company as follows:

 

We hereby request to exercise the Asset Purchase Option under the Option Agreement and we/[name of company/individual] designated by us will acquire the assets owned by your company as stated in a separate list (the “Proposed Acquired Assets”). Upon your receipt of this notice, your company shall immediately transfer all the Proposed Acquired Assets to us/[name of designated company/individual] pursuant to the provisions of the Option Agreement.

 

Regards,

 

	
 
    	
Shanghai   Zhongtongji   Network   Technology Co., Ltd.
    
	
 
    	
 
    
	
 
    	
Authorized representative:
    
	
 
    	
 
    
	
 
    	
Date:
    

 

6Exhibit 10.6

 

Equity Pledge Agreement

 

Regarding

 

ZTO Express Co., Ltd.

 

Among

 

Meisong Lai

 

Jianfa Lai

 

Jilei Wang

 

Xiangliang Hu

 

Shunchang Zhang

 

All Shareholders Listed in Schedule 1

 

ZTO Express Co., Ltd.

 

And

 

Shanghai Zhongtongji Network Technology Co., Ltd.

 

August 18, 2015

 

1

 

Equity Pledge Agreement

 

This Equity Pledge Agreement (this “Agreement”) has been executed by and among the following parties on August 18, 2015:

 

1.                                                  ZTO Express Co., Ltd., (the “Company”), with its registered address at Building 1, 1685 Huazhi Road, Huaxin Town, Qingpu District, Shanghai, and LAI Meisong as its legal representative;

 

2.                                                  Shanghai Zhongtongji Network Technology Co., Ltd., (the “Pledgee”), with its registered address at Building 5, 1685 Huazhi Road, Huaxin Town, Qingpu District, Shanghai, and LAI Meisong as its legal representative;

 

3.                                                  LAI Meisong

 

4.                                                  LAI Jianfa

 

5.                                                  WANG Jilei

 

6.                                                  HU Xiangliang

 

7.                                                  ZHANG Shunchang

 

8.                                                  SHANG Xuebing

 

9.                                                  QIU Feixiang

 

10.                                           LAN Baixi

 

11.                                           MENG Feng

 

12.                                           XU Hongjun

 

13.                                           ZHANG Yaoren

 

14.                                           Beijing Sequoia Xinyuan Equity Investment Center (L.P.), whose business license number is 110114015001641;

 

15.                                           Tianjin Sequoia Juye Equity Investment Centre (L.P.), whose business license number is 120192000071010;

 

16.                                           WU Lemou

 

17.                                           TENG Jianying

 

18.                                           LI Baozhen

 

19.                                           MA Shumin

 

20                                              WANG Wei

 

1

 

21.                                           LAI Jianchang

 

22.                                           LAI Mingsong

 

23.                                           WANG Senliang

 

24.                                           ZENG Youwang

 

25.                                           HONG Zongrui

 

26.                                           HUANG Lijun

 

27.                                           LIN Zhiming

 

28.                                           WANG Rui

 

29.                                           REN Dianyuan

 

30.                                           XU Minye

 

31.                                           CHEN Ziwen

 

32.                                           CHEN Shunfeng

 

33.                                           CUI Fushan

 

34.                                           ZHANG Jian

 

35.                                           PAN Shunmei

 

36.                                           YUAN Xiaoliang

 

37.                                           ZHOU Haifeng

 

38.                                           XI Jiangxiu

 

39.                                           XIAO Kunman

 

40.                                           YAO Weijun

 

41.                                           YANG Bo

 

42.                                           ZHU Genfu

 

43.                                           ZHANG Jian

 

44.                                           PAN Yongfang

 

45.                                           Beijing Wudao Technology Investment Management Co., Ltd., whose

 

2

 

business license number is 110108018485177

 

(Parties from Paragraph 3 to Paragraph 45, collectively the “Plegors”)

 

(In this Agreement, the above Parties is referred to individually as a “Party”, collectively the “Parties”)

 

WHEREAS:

 

1.              Each of the Pledgors is a registered shareholder of the Company and jointly has ownership of all shares of the Company (the “Shares”).  Each of its contribution to the registered capital of and shareholding percentage in the Company prior to the date hereof is set forth in Schedule 1.

 

2.              Pursuant to the Exclusive Consulting and Services Agreement between the Company and the Pledgee dated hereof (the “Consulting Services Agreement”), the Company has engaged the Pledgee to provide consulting services on exclusive basis, and agreed to pay service fee to the Pledgee for its provision of such services.

 

3.              As security for performance of the Contractual Obligations (as defined below) and payment of the Secured Indebtedness (as defined below) by the Pledgors, the Pledgors agree to pledge all of the equity interests in the Company held by the Pledgors holds in favor of the Pledgee and grant to the Pledgee the first ranking pledge of the equities interests so pledged, and the Company agrees to such pledge arrangement.

 

NOW, THEREFORE, the Parties agree as follows through negotiations:

 

1.              Definitions

 

1.1                               Unless otherwise provided herein, the terms below shall have the following meanings:

 

“Contractual Obligations” means all obligations of the Pledgors and the Company under the Consulting Services Agreement and all other ancillary agreements to which it is a party, as well as their respective obligations hereunder.

 

“Secured Indebtedness” means any and all direct, indirect and derivative loss and loss of anticipated profits incurred by the Pledgee as a result of any Event of Default (as defined below), the amount of which loss shall be calculated in accordance with the reasonable business plan and profit forecast of the Pledgee, and all expenses occurred in connection with enforcement by Pledgee of Pledgor’s and/or the Company’s Contract Obligations and etc.

 

“Transaction Documents” mean this Agreement, the Consulting Agreement and all of its ancillary agreements.

 

“Event of Default” means breach by any Pledgor or the Company of any of

 

3

 

its Contractual Obligations under the Consulting Agreement, any ancillary agreement thereof and hereunder.

 

“Pledged Equity Interest” means all equity interests in the Company legally owned as of the date hereof by the Pledgors and pledged in favor of the Plegee hereunder as security for performance of its Contractual Obligations by the Pldgors and the Company, as well as the increased capital contribution and dividends set forth in Sections 2.6 and 2.7 hereof.

 

“PRC Laws” means the laws, administrative regulations, rules, local regulations, judicial interpretations and any other binding guidelines of the People’s Republic of China.

 

1.2                                         In this Agreement, reference to any PRC Laws shall be deemed to include (1) any of its amendments, modifications, supplements and restatements, before or after the date hereof; and (2) any decision, notice or regulation promulgated or enacted thereunder.

 

1.3                                         Unless otherwise provided in the context, reference to all articles, sections, paragraphs and clauses means the corresponding articles, sections, paragraphs and clauses in this Agreement.

 

2.              Pledge

 

2.1                 Each of the Pledgors agrees to pledge all the Equity Interest legally owned by it as security for performance of the Contract Obligations and payment of the Secured Indebtedness under this Agreement.  The Company hereby agrees that each of the Pledgor pledges the Equity Interest to the Pledgee pursuant to this Agreement.

 

2.2                 Each of the Pledgors covenants to reflect the equity interest pledge arrangement under this Agreement (the “Pledge”) in the shareholder register of the Company on the date hereof and then immediately apply for its registration of the competent industrial and commercial registration authority.  The Company covenants to use its best efforts to support registration with the competent industrial and commercial registration authority by the Pledgors.  The Pledge shall be created upon completion of its registration with the competent industrial and commercial authority.

 

2.3                 During the term of this Agreement, none of the Pledgors shall be held liable for any decrease in the value of the Pledged Equity Interest, nor the Pledgee shall have any right to make any claim or request against any Pledgor for such decrease, unless it is directly resulted from any willful or material misconduct by the Pledgors.

 

2.4                 Subject to Section 2.3, if any notable decrease in the value of the Pledged Equity Interest could be detrimental to the interests of the Pledgee, the Pledgee may dispose the Pledged Equity Interest at its discretion and, upon agreement with the Pledgors, use the proceeds from such disposal for early payment of the Secured Indebtedness.  At the request of the Pledgee, the 

 

4

 

Pledgors shall also provide any other assets as security for the Secured Indebtedness.

 

2.5                 Upon occurrence of any Event of Default, the Pledgee shall have the right to dispose the Pledged Equity Interest under Article 4.

 

2.6                 The Pledgors may not increase capital of the Company without prior written consent from the Pledgee.  Any contribution made by the Pledgors in connection with its increase of the capital of the Company shall constitute part of the Pledged Equity Interest.

 

2.7                 The Pledgors may not receive any dividend or bonus from the Pledged Equity Interest without prior written consent of the Pledgor.  Any dividend or bonus received by the Pledgors from the Pledged Equity Interest shall be made to an account designated by the Pledgee for payment of the Secured Indebtedness.

 

2.8                 Upon occurrence of any Event of Default, the Pledgee shall have the right to dispose the Pledged Equity Interest pursuant to the terms of this Agreement.

 

3.              Release of Pledge

 

3.1                     Upon sufficient and complete performance of all Contractual Obligations and payment of all Secured Indebtedness by the Pledgors and the Company, the Pledgee shall, at the request of the Pledgors, release the Pledged Equity Interest and provide support for the Pledgors to re-register the Pledge in the shareholder register of the Company.  The costs and expenses reasonably incurred in connection with such release shall be paid by the Pledgor.

 

4.              Disposal of the Pledged Equity Interest

 

4.1                 It is agreed that upon occurrence of any Event of Default and with notice to the Plegors in writing, the Pledgee shall have the right to exercise all remedial rights and powers available to it under the PRC Laws, the Transaction Documents and hereunder, including without limitation sale or disposal of the Pledged Equity Interest.  The Pledgor shall not be held liable for any loss arising from its reasonable exercise of such rights or powers.

 

4.2                 The Pledgee shall have the right to appoint in writing its attorney or any other agent to exercise any and all of such rights and powers in Section 4.1, to which none of the Pledgors or the Company may raise any objection.

 

4.3                 The Pledgee shall have the right to deduct from the proceeds received from its exercise of the rights and powers in Section 4.1 any costs and expenses reasonably incurred by it in connection with such exercise.

 

4.4                 The proceeds received by the Pledgor from exercise of its rights and powers in Section 4.1 shall be applied in the following sequence:

 

5

 

1.                  to pay all costs and expenses incurred by it in connection with disposal of the Pledged Equity Interest and exercise of its rights and powers, including payment of attorney and agent’ fees;

 

2.                  to pay all taxes payable due to disposal of the Pledged Equity Interest; and

 

3.                  to Pay the Secured Indebtedness to the Pledgor.

 

The amount remaining after the above applications, if any, shall be returned to the Pledgors or deposited to any other person entitled to it or the local notary public having jurisdiction over the Pledgee (any costs and expenses thereof shall be paid by the Pledgee).

 

4.5                 The Pledgee shall have the discretion to exercise any of its remedial rights and powers concurrently or subsequently.  The Pledgee may exercise its right to sell or dispose the Pledged Equity Interest without prior exercise of any other remedy.

 

5.              Costs and Expenses

 

5.1           All costs and expenses incurred in connection with creation of the Pledge under this Agreement (other than those provided under Section 7.11), including without limitation stamp duty, any other taxes and all legal fees, shall be paid by the Pledgee.  If such taxes have been paid by any Party other than the Pledgee, such Party may require full reimbursement of such payment from the Pledgee.

 

6.              Continuity and No Waiver

 

6.1           The Pledge created under this Agreement constitutes a continual security and will survive until the Contractual Obligations are fully performed or the Secured Indebtedness is fully paid.  No waiver, grace or delay to enforce any of its rights under the Transaction Documents or this Agreement by the Pledgee against any default by the Pledgee shall affect any right of the Pledgee under this Agreement, the PRC Laws or the Transaction Documents to require strict performance of the Transaction Documents or this Agreement by the Pledgors.

 

7.              Representations and Warranties of Pledgors

 

Each of the Pledgors represents and warrants to the Pledgee that as the date hereof:

 

7.1                 It is a PRC citizen, limited liability partnership or limited liability company, has full powers and authorities requisite to enter this Agreement and perform the obligations hereunder.

 

7.2                 All reports, documents and information provided by it to the Pledgee regarding the subject matter of this Agreement prior to the date hereof are in all material aspects true and accurate as of the date hereof.

 

6

 

7.3                 All reports, documents and information provided by it to the Pledgee regarding the subject matter of this Agreement after the date hereof shall be in all material aspects true and accurate as of the date thereof.

 

7.4                 It is the sole and legal owner of the respective Pledged Equity Interest which ownership is subject to no challenge or dispute, and has the right to dispose any and all of such Pledged Equity Interest.

 

7.5                 Other than the security interest created hereunder and any other right created under any other Transaction Document, the Pledged Equity Interest has no security interest or any other third party interest or restriction.

 

7.6                 The Pledged Equity Interest may be legally assignable and transferrable, and it has full rights and powers to assign and transfer the Pledged Equity Interest to the Pledgor.

 

7.7                 This Agreement, once duly executed by it, constitutes its legal, valid and binding obligation.

 

7.8                 All consents, licenses, waivers, authorizations from any third party or any approvals, licenses, waivers from or filings with any government authority necessary to execute, deliver and perform this Agreement have been obtained or completed and will be fully valid during the term of this Agreement.

 

7.9                 Its execution, delivery and performance of this Agreement is no breach of and has no conflict with any applicable law, agreement binding upon it or any of its assets, judgment from any court or arbitration authority, or decision from any administrative authority.

 

7.10          The Pledge is the first ranking security interest upon the Pledged Equity Interest.

 

7.11          All taxes and levies payable for receipt of the Pledged Equity Interest have been fully paid by it.

 

7.12          There is no pending or, to its knowledge, threatened claims, suits or proceedings against the Pledged Equity Interest before any court,  arbitration authority, government department or administrative agency which may have material or adverse effect on its economic conditions or ability to perform this Agreement or the security obligations.

 

7.13          It warrants to the Pledgor that above representations and warranties are true, accurate and will be fully complied as of the date hereof and upon full performance of the Contractual Obligations or payment of the secured Indebtedness.

 

8.              Representations and Warranties of the Company

 

7

 

The Company represents and warrants to the Pledgee as follows:

 

8.1                     The Company is an equity limited company duly incorporated and validly existing under the PRC Laws, is an independent legal entity and the full legal status and capabilities to execute, delivery and perform this Agreement, and act as an independent party in any lawsuit.

 

8.2                 All reports, documents and information provided by it to the Pledgee regarding the subject matter of this Agreement prior to the date hereof are in all material aspects true and accurate as of the date hereof.

 

8.3                     All reports, documents and information provided by it to the Pledgee regarding the subject matter of this Agreement after the date hereof shall be in all material aspects true and accurate as of the date thereof

 

8.4                     This Agreement, once duly executed by it, constitutes its legal, valid and binding obligation.

 

8.5                 It has full powers and authorities to execute, deliver and perform this Agreement and any other Transaction Documents.

 

8.6                     There is no pending or, to its knowledge, threatened claims, suits or proceedings against the Pledged Equity Interest before any court,  arbitration authority, government department or administrative agency which may have material or adverse effect on its economic conditions or ability to perform this Agreement or the security obligations.

 

8.7                     The Company agrees to be jointly liable to the Pledgee for the representations and warranties made by the Pledgors under Sections 7.4, 7.5, 7.6, 7.8 and 7.10 under this Agreement.

 

8.8                     The Company warrants to the Pledgor that above representations and warranties are true, accurate and will be fully complied as of the date hereof and upon full performance of the Contractual Obligations or payment of the secured Indebtedness.

 

8.9                     If the Company is mandatorily required to be dissolved or liquidated under the PRC Laws, its assets shall sold to the Pledgee or any qualified entity/individual designated by the Pledgee at the lowest price permitted under the PRC Laws subject to compliance with the PRC Laws.

 

9.              Covenants of the Plegors

 

Each of the Pledgors covenants to the Pledgee as follows:

 

9.1           Without prior written consent of the Pledgee, it will not create or cause to create any new pledge or any other security interest upon the Pledged Security Interest, and any such pledge or security interest created upon the Pledged Security Interest without prior written consent of the Pledgee shall

 

8

 

be null and void.

 

9.2           Without prior written notice to and receipt of written consent from the Pledgee, it may not transfer or propose to transfer the Pledged Equity Interest.  Subject to consent from the Pledgee, the proceeds received from such transfer shall be used on priority basis to pay the Secured Indebtedness or deposit to any third party based on agreement with the Pledgee.

 

9.3           In the event of any lawsuit, arbitration or claim which may have adverse effect upon the interest of the Pledgee under this Agreement or any other Transaction Document or upon the Pledged Equity Interest, it warrants to notify the Pledgee immediately in writing and, at the reasonable request of the Pledgee, take all measures necessary to protect the interest of the Pledgee upon the Pledged Equity Interest.

 

9.4           It covenants to complete all registration procedures necessary to extend the business term of the Company within three months prior to the expiry of such term.

 

9.5           It may not make or cause to make any conduct or action which may have any adverse effect upon the interest of the Pledgee under this Agreement or any other Transaction Document or upon the Pledged Equity Interest, and it waives any right of first offer upon realization of the Pledge by the Pledgee.

 

9.6           It will use its best efforts to take all measures necessary to complete registration of the Pledge with the competent industrial and commercial authority immediately after execution of this Agreement.  Upon reasonable request of the Pledgee, it will take all measures and execute all documents (including without limitation any supplement hereto and the form power of attorney attached hereto as Schedule 2) necessary to ensure realization and perfection of the Pledged Equity Interest by the Pledgee.

 

9.7           It will take all measures necessary to complete any transfer of the Pledged Equity Interest arising from enforcement of the Pledge under this Agreement.

 

9.8           Convention of the shareholders’ meeting and the board meeting of the Company for purpose of execution of this Agreement, creation and performance of the Pledge shall not breach any laws, administrative regulations or articles of the Company in any convention or voting procedures.

 

9.9           Unless with prior consent from the Pledgee, it shall not transfer any of its rights and obligations under this Agreement.

 

9.10    Subject to Section 9.2 of this Agreement, it warrants to the Pledgor that the representations and warranties made by it under Article 7 are true, accurate and will be fully complied as of the date hereof and upon full performance of the Contractual Obligations or payment of the secured Indebtedness

 

In the event of its failure to perform any of its representations and warranties

 

9

 

under Sections 7.8 and 7.9 due to enactment or change of any PRC Laws, regulations or rules, or change of any interpretation or application thereto, or change of any applicable registration procedures, it agrees that the provisions under Section 11.1 of this Agreement shall apply.

 

9.11    Subject to compliance with Section 2.7 of this Agreement, any bonus, distribution or dividend received by it from the Company during the term of this Agreement shall be unconditionally granted to the Pledgee or any entity or individual designated by the Pledgee.

 

9.12    If the Company is mandatorily required to be dissolved or liquidated under the PRC Laws, any gains received by the Pledgors upon completion of the dissolution or liquidation procedures shall be granted to the Pledgee or any entity or individual designated by the Pledgee subject to compliance with the PRC Laws.

 

10.       Covenants of the Company

 

10.1          If execution, delivery and performance of this Agreement and the Pledged Equity Interest hereunder requires any consent, license, waiver, authorization from any third party or any approval, license, waiver from or registration or filing with any government authority, the Company shall use its best efforts to secure and maintain such consent, license, waiver, authorization, approval, registration or fiing.

 

10.2          Without prior written consent of the Pledgee, it will not assist or cause the Pledgors to create any new pledge or any other security interest upon the Pledged Security Interest,.

 

10.3          Without prior written consent of the Pledgee, it will not assist or cause the Pledgors to transfer the Pledged Equity Interest.

 

10.4          In the event of any lawsuit, arbitration or claim which may have adverse effect upon the interest of the Company or Pledgee under this Agreement or any other Transaction Document or upon the Pledged Equity Interest, it warrants to notify the Pledgee immediately in writing and, at the reasonable request of the Pledgee, take all measures necessary to protect the interest of the Pledgee upon the Pledged Equity Interest

 

10.5          It may not make or cause to make any conduct or action which may have any adverse effect upon the interest of the Pledgee under this Agreement or any other Transaction Document or upon the Pledged Equity Interest.

 

10.6          The Pledgors shall provide quarterly financial statements, including the balance sheet, income statement and cash flow statement, of the Company within the first month of the immediately next quarter to the Pledgee.

 

10.7          It will use its best efforts to take all measures necessary to complete registration of the Pledge with the competent industrial and commercial authority immediately after execution of this Agreement.  Upon

 

10

 

reasonable request of the Pledgee, it will take all measures and execute all documents (including without limitation any supplement hereto) necessary to ensure realization and perfection of the Pledged Equity Interest by the Pledgee.

 

10.8           It will take all measures necessary to complete any transfer of the Pledged Equity Interest arising from enforcement of the Pledge under this Agreement.

 

11.       Change of Circumstances

 

11.1              As supplement to and without conflict with other provisions under the Transaction Documents and this Agreement, if the Pledgee believes that performing this Agreement or disposing the Pledged Equity Interest under this Agreement is illegal or conflicting with any laws, regulations or rules due to enactment or change of any PRC Laws, regulations or rules, or change of any interpretation or application thereto, or change of any applicable registration procedures, the Pledgors and the Company agree, upon receipt of reasonable request from the Pledgee in writing, take any action and/or execute any agreement or other document, in order to:

 

(1)         Maintain this Agreement to be effective;

 

(2)         Facilitate disposition of the Pledged Equity Interest pursuant to this Agreement; and/or

 

(3)         Maintain or perfect the security created or intended to be created under this Agreement.

 

12.       Effect and Term

 

12.1                            This Agreement shall be effective after it is duly executed by the Parties.

 

The Pledgors shall reflect the Pledge under this Agreement in the shareholders register of the Company and provide to the Pledgee a registration evidencing such reflection in a form acceptable to the Pledgee.

 

12.2                            The term of this Agreement will not end until all Contractual Obligations are fully performed or Secured Indebtedness are fully paid.

 

13.       Notice

 

13.1                            Any notice, request, requirement or other communication required or made under this Agreement shall be in writing.

 

13.2                            Any of the above notices or communications shall be deemed duly given,  if sent by facsimile or telex or by person, upon delivery; if sent by post, five days upon deposit with the post service provider.

 

14.       Miscellaneous

 

11

 

14.1              The Pledgors and the Company agree that the Pledgee may transfer its rights and/or obligations under this Agreement to any third party with notice to the Pledgors and the Company.  Without prior written consent from the Pledgee, none of the Pledgors or the Company may transfer any of its rights, obligations or liabilities to any third party.  The successor or permitted assign of the Pledgors and the Company, if any, shall continue to perform the obligations of the Pledgors and the Company under this Agreement.

 

14.2              The amount of the Secured Indebtedness determined by the Pledgee at its discretion upon exercise its right upon the Pledge under this Agreement shall be the final evidence of the Secured Indebtedness under this Agreement.

 

14.3              This Agreement is made in Chinese in ten originals, with Beijing Wudao Technology Investment Management Co., Ltd. holding one original, each of Beijing Sequoia Xinyuan Equity Investment Center (L.P.) and Tianjin Sequoia Juye Equity Investment Centre (L.P.) holding two originals, the other Parties holding six originals, and one original for registration of the Pledge with the competent industrial and commercial authority.

 

14.4              The execution, validity, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Laws.

 

14.5              Any dispute arising from or in connection with Agreement shall be resolved by the Parties through negotiations or, if no agreement is reached within 30 days after occurrence of the dispute, be submitted by any Party to Shanghai International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect.  The arbitration shall take place in Shanghai and in Chinese.  The arbitrary award shall final and binding upon each of the Parties.

 

14.6              Any right, power and remedy provided to each Party under this Agreement will not operate as an exclusion of any other right, power or remedy provided under laws and regulations, and the enforcement of any right, power and remedy under this Agreement by any Party will not prevent its enforcement of any other right, power and remedy.

 

14.7              Failure or delay to exercise any of its rights, powers and remedies under this Agreement or at law will not operate as waiver of such rights, powers or remedies, and single or partial exercise of such rights, powers and remedies will not prevent further exercise of such rights, powers and remedies or exercise of any other rights, powers and remedies.

 

14.8              The headings are for ease of reference only and will not be used for or affect interpretation of this Agreement.

 

14.9             Each section of this Agreement is severable and independent from any other sections.  If any one or more sections of this Agreement is held

 

12

 

illegal, invalid or unenforceable, it will not affect the illegality, invalidity or unenforceability of the other sections of this Agreement.

 

14.10       Any amendment or supplement to this Agreement shall be writing and, other than transfer of any of its rights and/or obligations under this Agreement by the Pledgee under Section 14.1, shall not be effective until it is duly executed by each of the Parties.

 

14.11       This Agreement shall be binding upon legal successors of each Party.

 

14.12       In concurrence with or within 10 days after execution of this Agreement, the Pledgors shall sign a power of attorney in the form attached hereto as Schedule 2 (the “Power of Attorney”) to authorize any person appointed by the Pledgee to execute on behalf of it any and all legal documents necessary for the Pledgee to exercise its rights under this Agreement.  If the Pledgee needs to change the person appointed by it, it shall issue a change notice to the Pledgors in writing for the Pledgors to sign and issue a new Power of Attorney.  The Power of Attorney shall be maintained by the Pledgee and, if necessary, may be delivered to competent government authority by the Pledgee.

 

The Remainder of this page is intentionally left blank

 

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IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Equity Pledge Agreement as of the date first above written.

 

	
ZTO Express   Co., Ltd. (seal)
    
	
/s/ZTO Express Co., Ltd.
    	
 
    
	
By:
    	
/s/LAI   Meisong
    	
 
    
	
Title:
    	
Legal Representative
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Shanghai Zhongtongji Network Technology   Co., Ltd. (seal)
    	
 
    
	
/s/Shanghai Zhongtongji Network Technology   Co., Ltd.
    	
 
    
	
By:
    	
/s/LAI   Meisong
    	
 
    
	
Title:
    	
Legal Representative
    	
 
    

 

14

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LAI Meisong
    	
 
    

 

15

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LAI Jianfa
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/WANG Jilei
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/HU Xiangliang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZHANG Shunchang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/SHANG Xuebing
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/QIU Feixiang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LAN Baixi
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/MENG Feng
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/XU Hongjun
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZHANG Yaoren
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/WU Lemou
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/TENG Jianying
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LI   Baozhen
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/MA   Shumin
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/WANG Wei
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LAI   Jianchang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LAI   Mingsong
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/WANG   Senliang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZENG   Youwang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/HONG   Zongrui
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/HUANG   Lijun
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/LIN   Zhiming
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/WANG Rui
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/REN   Dianyuan
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/XU Minye
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/CHEN   Ziwen
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/CHEN   Shunfeng
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/CUI   Fushan
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZHANG   Jian
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/PAN   Shunmei
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/YUAN   Xiaoliang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZHOU   Haifeng
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/XI   Jiangxiu
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/XIAO   Kunman
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/YAO   Weijun
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/YANG Bo
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZHU   Genfu
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/ZHANG   Jian
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

	
By:
    	
/s/PAN   Yongfang
    	
 
    

 

1

 

[Execution page to the Equity Pledge Agreement]

 

Beijing Sequoia Xinyuan Equity Investment Center (L.P.) (seal)

(Company seal: /s/ Beijing Sequoia Xinyuan Equity Investment Center (L.P.))

 

Tianjin Sequoia Juye Equity Investment Centre (L.P.)(seal)

(Company seal: /s/ Tianjin Sequoia Juye Equity Investment Centre (L.P.))

 

Beijing Wudao Technology Investment Management Co., Ltd. (seal)

(Company seal: /s/ Beijing Wudao Technology Investment Management Co., Ltd.)

 

	
By:
    	
/s/SUN Yi
    	
 
    
	
Title:
    	
Legal representative
    	
 
    

 

1

 

Schedule 1

 

BASIC INFORMATION OF THE COMPANY

 

Name:      ZTO Express Co., Ltd.

 

Shareholding Structure

 

	
No.
    	
 
    	
Name of Shareholder
    	
 
    	
Number of
   Shares/Contribution to
   Company’s Registered
   Capital
    	
 
    	
Shareholding
   Percentage
    	
 
    
	
1
    	
 
    	
Meisong Lai
    	
 
    	
206,100,000
    	
 
    	
34.35
    	
%
    
	
2
    	
 
    	
Jianfa Lai
    	
 
    	
72,000,000
    	
 
    	
12.00
    	
%
    
	
3
    	
 
    	
Jilei Wang
    	
 
    	
60,000,000
    	
 
    	
10.00
    	
%
    
	
4
    	
 
    	
Xiangliang Hu
    	
 
    	
42,300,000
    	
 
    	
7.05
    	
%
    
	
5
    	
 
    	
Shunchang Zhang
    	
 
    	
36,000,000
    	
 
    	
6.00
    	
%
    
	
6
    	
 
    	
Xuebing Shang
    	
 
    	
26,400,000
    	
 
    	
4.40
    	
%
    
	
7
    	
 
    	
Feixiang Qiu
    	
 
    	
18,000,000
    	
 
    	
3.00
    	
%
    
	
8
    	
 
    	
Baixi Lan
    	
 
    	
8,400,000
    	
 
    	
1.40
    	
%
    
	
9
    	
 
    	
Feng Meng
    	
 
    	
6,000,000
    	
 
    	
1.00
    	
%
    
	
10
    	
 
    	
Hongjun Xu
    	
 
    	
3,529,860
    	
 
    	
0.59
    	
%
    
	
11
    	
 
    	
Yaoren Zhang
    	
 
    	
6,000,000
    	
 
    	
1.00
    	
%
    

 

1

 

	
12
    	
 
    	
Beijing Sequoia Xinyuan   Equity Investment Center (L.P.)
    	
 
    	
24,000,000
    	
 
    	
4.00
    	
%
    
	
13
    	
 
    	
Tianjin Sequoia Juye Equity   Investment Centre (L.P.)
    	
 
    	
12,000,000
    	
 
    	
2.00
    	
%
    
	
14
    	
 
    	
Lemou Wu
    	
 
    	
16,762,050
    	
 
    	
2.79
    	
%
    
	
15
    	
 
    	
Jianying Teng
    	
 
    	
30,143,462
    	
 
    	
5.02
    	
%
    
	
16
    	
 
    	
Baozhen Li
    	
 
    	
3,202,746
    	
 
    	
0.53
    	
%
    
	
17
    	
 
    	
Shumin Ma
    	
 
    	
2,313,492
    	
 
    	
0.39
    	
%
    
	
18
    	
 
    	
Wei Wang
    	
 
    	
1,568,250
    	
 
    	
0.26
    	
%
    
	
19
    	
 
    	
Jianchang Lai
    	
 
    	
6,330,000
    	
 
    	
1.06
    	
%
    
	
20
    	
 
    	
Mingsong Lai
    	
 
    	
6,250,000
    	
 
    	
1.04
    	
%
    
	
21
    	
 
    	
Senliang Wang
    	
 
    	
2,960,088
    	
 
    	
0.49
    	
%
    
	
22
    	
 
    	
Youwang Zeng
    	
 
    	
1,480,044
    	
 
    	
0.25
    	
%
    
	
23
    	
 
    	
Zongrui Hong
    	
 
    	
903,900
    	
 
    	
0.15
    	
%
    
	
24
    	
 
    	
Lijun Huang
    	
 
    	
259,986
    	
 
    	
0.04
    	
%
    
	
25
    	
 
    	
Zhiming Lin
    	
 
    	
259,986
    	
 
    	
0.04
    	
%
    
	
26
    	
 
    	
Rui Wang
    	
 
    	
609,006
    	
 
    	
0.10
    	
%
    
	
27
    	
 
    	
Dianyuan Ren
    	
 
    	
470,820
    	
 
    	
0.08
    	
%
    

 

2

 

	
28
    	
 
    	
Minye Xu
    	
 
    	
689,868
    	
 
    	
0.11
    	
%
    
	
29
    	
 
    	
Ziwen Chen
    	
 
    	
410,610
    	
 
    	
0.07
    	
%
    
	
30
    	
 
    	
Shunfeng Chen
    	
 
    	
370,000
    	
 
    	
0.06
    	
%
    
	
31
    	
 
    	
Fushan Cui
    	
 
    	
160,000
    	
 
    	
0.03
    	
%
    
	
32
    	
 
    	
Jian Zhang
    	
 
    	
160,000
    	
 
    	
0.03
    	
%
    
	
33
    	
 
    	
Shunmei Pan
    	
 
    	
150,000
    	
 
    	
0.03
    	
%
    
	
34
    	
 
    	
Xiaoliang Yuan
    	
 
    	
75,000
    	
 
    	
0.01
    	
%
    
	
35
    	
 
    	
Haifeng Zhou
    	
 
    	
450,000
    	
 
    	
0.08
    	
%
    
	
36
    	
 
    	
Jiangxiu Xi
    	
 
    	
550,000
    	
 
    	
0.09
    	
%
    
	
37
    	
 
    	
Kunman Xiao
    	
 
    	
940,000
    	
 
    	
0.16
    	
%
    
	
38
    	
 
    	
Weijun Yao
    	
 
    	
504,000
    	
 
    	
0.08
    	
%
    
	
39
    	
 
    	
Bo Yang
    	
 
    	
830,832
    	
 
    	
0.14
    	
%
    
	
40
    	
 
    	
Genfu Zhu
    	
 
    	
126,000
    	
 
    	
0.02
    	
%
    
	
41
    	
 
    	
Jian Zhang
    	
 
    	
165,000
    	
 
    	
0.03
    	
%
    
	
42
    	
 
    	
Yongfang Pan
    	
 
    	
165,000
    	
 
    	
0.03
    	
%
    
	
43
    	
 
    	
Beijng Wudao Technology   Investment Management Co., Ltd.
    	
 
    	
10,000
    	
 
    	
0.0017
    	
%
    
	
 
    	
 
    	
Total
    	
 
    	
600,000,000
    	
 
    	
100
    	
%
    

 

3

 

Schedule 2

 

FORM POWER OF ATTORNEY

 

The undersigned, [    ], hereby irrevocably authorizes [    ], whose identification number is [    ], as my/our duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
 
    
	
Date:
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, Beijing Sequoia Xinyuan Equity Investment Center (L.P.), hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as our duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/Beijing Sequoia Xinyuan Equity Investment Center (L.P.)
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, Beijing Wudao Technology Investment Management Co., Ltd., hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as our duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ SUN Yi
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, ZENG Youwang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as our duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ZENG Youwang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, Tianjin Sequoia Juye Equity Investment Centre (L.P.), hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as our duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/Tianjin   Sequoia Juye Equity Investment Centre (L.P.)
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, XIAO Kunman, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongjitong Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ XIAO Kunman
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, HU Xiangliang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ HU Xiangliang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, ZHOU Haifeng, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ ZHOU Haifeng
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, XI Jiangxiu, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ XI Jiangxiu
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, QIU Feixiang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ QIU Feixiang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, ZHU Genfu, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ ZHU Genfu
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, HUANG Lijun, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ HUANG Lijun
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LIN Zhiming, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ LIN Zhiming
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, HONG Zongrui, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ HONG Zongrui
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, WANG Senliang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ WANG Senliang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, XU Minye, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ XU Minye
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, TENG Jianying, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ TENG Jianying
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LAI Mingsong, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ LAI Mingsong
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LAI Jianchang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ LAI Jianchang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, WANG Jilei, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ WANG Jilei
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LAI Meisong, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ LAI Meisong
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LAI Jianfa, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ LAI Jianfa
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, CHEN Ziwen, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ CHEN Ziwen
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, PAN Shunmei, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ PAN Shunmei
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, ZHANG Yaoren, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ ZHANG Yaoren
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, CHEN Shunfeng, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ CHEN Shunfeng
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, WANG Rui, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ WANG Rui
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, YAO Weijun, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ YAO Weijun
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LAN Baixi, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ LAN Baixi
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, YUAN Xiaoliang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ YUAN Xiaoliang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, REN Dianyuan, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ REN Dianyuan
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, ZHANG Jian, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By:
    	
/s/ ZHANG Jian
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, MENG Feng, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ MENG Feng
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, PAN Yongfang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ PAN Yongfang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, YANG Bo, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ YANG Bo
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, XU Hongjun, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ XU Hongjun
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, ZHANG Shunchang, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ ZHANG Shunchang
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, MA Shumin, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ MA Shumin
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, WU Lemou, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ WU Lemou
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, LI Baozhen, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ LI Baozhen
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, WANG Wei, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ WANG Wei
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

1

 

POWER OF ATTORNEY

 

The undersigned, SHANG Xuebing, hereby irrevocably authorizes LAI Meisong, whose identification number is ***, as my duly authorized attorney to execute any and all documents necessary or advisable in respect of any and all rights under the Equity Pledge Agreement Regarding ZTO Express Co., Ltd. by and among ZTO Express Co., Ltd., the undersigned, and Shanghai Zhongtongji Network Technology Co., Ltd.

 

 

	
By: 
    	
/s/ SHANG Xuebing
    	
 
    
	
Date: August 18, 2015
    	
 
    

 

Strictly Confidential

 

1

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