China Lodging Group, Limited Announces Results of 2016 Annual General Meeting
December 14 2016 - 2:00AM
China Lodging Group, Limited (NASDAQ:HTHT) (the “Company”), a
leading and fast-growing multi-brand hotel group in China, today
announced that its 2016 annual general meeting of shareholders was
held on December 14, 2016. During the meeting, the following
proposals submitted for shareholders’ approval were approved:
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding the proposed re-election of Mr. Sebastien
Bazin as a director of the Company;
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding the proposed re-election of Mr. Shangzhi
Zhang as a director of the Company;
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding the appointment of Deloitte Touche
Tohmatsu CPA Ltd. as auditor of the Company.
About China Lodging Group,
LimitedChina Lodging Group, Limited is a leading hotel
operator and franchisor in China under 12 brand names. As of
September 30, 2016, the Company had 3,198 hotels or 322,785 rooms
in operation in 365 cities. With a primary focus on economy and
midscale hotel segments, China Lodging Group’s brands include Hi
Inn, HanTing Hotel, Elan Hotel, JI Hotel, Starway Hotel, Joya
Hotel, and Manxin Hotels & Resorts. The Company also has the
rights as master franchisee for Mercure, Ibis and Ibis Styles, and
co-development rights for Grand Mercure and Novotel, in Pan-China
region.
The Company’s business includes leased,
manachised and franchised models. Under the lease model, the
Company directly operates hotels typically located on leased
properties. Under the manachise model, the Company manages
manachised hotels through the on-site hotel managers it appoints
and collects fees from franchisees. Under the franchise model, the
Company provides training, reservation and support services to the
franchised hotels and collects fees from franchisees but does not
appoint on-site hotel managers. The Company applies a consistent
standard and platform across all of its hotels. As of September 30,
2016, China Lodging Group operates 24 percent of its hotel rooms
under lease model, 76 percent under manachise and franchise models.
For more information, please visit the Company’s website:
http://ir.huazhu.com.
Contact Information
Investor Relations
Tel: +86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com
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