Hillhouse Investment Management’s ZTO Express ZTO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-11,386,920	Closed	-$159M	–	63
2017 Q2	$159M	Buy	+11,386,920	New	+$159M	2.45%	10
2017 Q1	–	Sell	-1,000,462	Closed	-$12.1M	–	54
2016 Q4	$12.1M	Buy	+1,000,462	New	+$12.1M	0.27%	19