SINGAPORE and SHANGHAI, Sept. 03, 2024 — H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a key player in the global hotel industry, announced today that Jun Zou will resign as the company’s chief financial officer, effective September 4, 2024. The resignation is due to personal reasons. Hui Chen, the company’s chief compliance officer, has been appointed as the new chief financial officer, also effective September 4, 2024.
Chen brings extensive financial management experience in China’s travel and hotel sectors. She initially joined H World in 2014, serving as the company’s executive vice president of finance from 2014 to early 2016. During this period, she was responsible for internal financial management and then served as chief financial officer. From March 2018 to February 2020, Chen was the chief financial officer of Cjia Group Limited, an H World affiliate primarily engaged in apartment services. In February 2020, she rejoined H World as the chief compliance officer. From May 2021 to December 2022, she served as the company’s chief financial officer, and since December 2022, she has held the position of chief compliance officer. Prior to her roles at H World, she held positions as chief financial officer of Home Inns Group and finance director of Trip.com. Chen holds a master’s degree in management from Shanghai Jiaotong University.
About H World Group Limited
H World Group Limited, originating in China, is a key player in the global hotel industry. As of June 30, 2024, H World operated 10,286 hotels with 1,001,865 rooms in operation across 18 countries. Its 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, and Song Hotels. H World also holds master franchise rights for Mercure, Ibis, and Ibis Styles and co-development rights for Grand Mercure and Novotel in the pan-China region.
H World operates under various models, including leased and owned, manachised, and franchised. Under the lease and ownership model, H World directly operates hotels located on leased or owned properties. In the manachise model, H World manages hotels through appointed on-site managers, collecting fees from franchisees. The franchise model involves providing training, reservations, and support services to franchised hotels, with H World collecting fees but not appointing on-site hotel managers. Across all its hotels, H World applies a consistent standard and platform. As of June 30, 2024, 10 percent of its hotel rooms were operated under the lease and ownership model, while 90 percent were under the manachise and franchise model.
For more information, please visit H World’s website: https://ir.hworld.com.
Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
The information in this release contains forward-looking statements that involve risks and uncertainties. These factors and risks include our anticipated growth strategies; our future results of operations and financial condition; economic conditions; the regulatory environment; our ability to attract and retain customers and leverage our brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. 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, unless required by applicable law.
Contact Information
Investor Relations
Tel: 86 (21) 6195 9561
Email: ir@hworld.com
https://ir.hworld.com