SHANGHAI, China, December 2, 2022 (GLOBE NEWSWIRE) — H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”) is today a leading player in the global hotel industry. is. announced that Mr. Hui Chen will resign as Chief Financial Officer of the Company with immediate effect. Jihong Hae, Chief Executive Officer of our International Operations, has been appointed as our Chief Financial Officer with immediate effect.
Mr. He joined the Company in October 2021. Prior to joining the Company, from July 2019 to August 2021, he was Chief Strategic Officer and CEO of Data Centers at CapitaLand (SGX: C31). From July 2013 he was a Director and Managing Director of Temasek International until March 2018. He was Director of Ascendas-Singbridge, a portfolio company of Temasek until June 2015 and he was appointed Director of Ascendas-Singbridge. He served as Chief Strategy Officer and Chief Investment Officer. 2019. Prior to that, he worked for Roland Berger Strategy Consultants (“Roland Berger”), his most recent position being Asia.He was a Leadership Team Principal and Member. Prior to joining Roland Berger, from January 2002 until August 2005 he was Senior Manager of Global Investments and Terminal Operations at Fraport AG. .He is British in Canada He has his MBA from Columbia University.
Hui Jin, CEO of the company, commented: He has extensive experience in international business operations. I have full confidence in her and believe that her experience and her expertise will make her a strong leader in her next phase of H World’s growth. I would also like to thank Ms. Hui Cheng on behalf of the Company for her strong loyalty and commitment to the Company and for her significant contributions to the Company as her Chief Financial Officer. I would like to represent “
About H World Group Limited
Originating from China, H World Group Limited is a major player in the global hotel industry. As of September 30, 2022, H World operates 8,402 hotels and 797,489 rooms in 17 countries. H World brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon, Song Hotels. In addition, Hworld has rights as a master franchisee of Mercure, Ibis and Ibis Styles, and co-development rights of Grand Mercure and Novotel throughout China.
H World’s business includes leasing, ownership, ownership and franchise models. Under the lease-and-own model, H World typically directly operates hotels located in leased or owned properties. Under the Manachees model, H World manages the Manachees Hotels through on-site hotel managers appointed by H World, and H World collects fees from the franchisees. Under the franchise model, H World provides training, reservations and support services to franchised hotels and collects fees from franchisees, but does not appoint an on-site hotel manager. H World applies consistent standards and platforms across all hotels. As of September 30, 2022, H World operates 13% of its hotel rooms under lease and ownership models and 87% under manachis and franchise models.
For more information, please visit the H World website (https://ir.hworld.com).
Declaration of Safe Harbor Under the Private Securities Litigation Reform Act of 1995: Information in this release, including management quotes, contains forward-looking statements that involve risks and uncertainties. Such factors and risks include anticipated growth strategies. our future operating results and financial condition; economic conditions; regulatory environment; ability to attract and retain customers and leverage the brand. Trends and competition in the lodging industry. Expected growth in demand for accommodation. and other factors and risks detailed in filings with the U.S. Securities and Exchange Commission. Statements contained herein that are not statements of historical fact may be considered forward-looking statements and may be considered forward-looking statements, including those that “may,” “should,” “will,” “expect.” , “plan”, “intend”, “expect”, “believe”, “estimate”, “predict”, “may”, “predict”, “predict”, or “ continue”, the negative form of these terms or other equivalent terms. Readers should not rely on forward-looking statements as predictions of future events or results.
H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
contact address
PR for investors
Phone: 86 (21) 6195 9561
Email: ir@hworld.com
http://ir.hworld.com
