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HARDING LOEVNER LP
> ZTO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2023 | ZTO EXPRESS CAYMAN INC | ZTO | 2,167,649 | -884,265 | 54,364,637,000 | -33,103,218,000 | $25,080.00 |
| 03/31/2023 | ZTO EXPRESS CAYMAN INC | ZTO | 3,051,914 | -587,426 | 87,467,855,000 | 87,380,402,000 | $28,660.00 |
| 09/30/2022 | ZTO EXPRESS CAYMAN INC | ZTO | 3,639,340 | -747,049 | 87,453,000 | -32,953,000 | $24.03 |
| 06/30/2022 | ZTO EXPRESS CAYMAN INC | ZTO | 4,386,389 | -463,434 | 120,406,000 | 4,932,000 | $27.45 |
| 03/31/2022 | ZTO EXPRESS CAYMAN INC | ZTO | 4,849,823 | -601,882 | 115,474,000 | -38,373,000 | $23.81 |
| 12/31/2021 | ZTO EXPRESS CAYMAN INC | ZTO | 5,451,705 | 4,333,194 | 153,847,000 | 119,553,000 | $28.22 |
| 09/30/2021 | ZTO EXPRESS CAYMAN INC | ZTO | 1,118,511 | 1,528 | 34,294,000 | 394,000 | $30.66 |
| 06/30/2021 | ZTO EXPRESS CAYMAN INC | ZTO | 1,116,983 | -179,615 | 33,900,000 | -3,896,000 | $30.35 |
| 03/31/2021 | ZTO EXPRESS CAYMAN INC | ZTO | 1,296,598 | -32,632 | 37,796,000 | -964,000 | $29.15 |
| 12/31/2020 | ZTO EXPRESS CAYMAN INC | ZTO | 1,329,230 | 11,678 | 38,760,000 | -661,000 | $29.16 |
| 09/30/2020 | ZTO EXPRESS CAYMAN INC | ZTO | 1,317,552 | -1,151,604 | 39,421,000 | -51,222,000 | $29.92 |
| 06/30/2020 | ZTO EXPRESS CAYMAN INC | ZTO | 2,469,156 | -931,848 | 90,643,000 | 584,000 | $36.71 |
| 03/31/2020 | ZTO EXPRESS CAYMAN INC | ZTO | 3,401,004 | 3,394,780 | 90,059,000 | 89,914,000 | $26.48 |
| 12/31/2019 | ZTO EXPRESS CAYMAN INC | ZTO | 6,224 | 6,224 | 145,000 | 145,000 | $23.30 |
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