China Lodging Group, Limited Announces Results of 2018 Annual General Meeting
May 21 2018 - 3:30AM
China Lodging Group, Limited (NASDAQ:HTHT) (the “Company”), a
leading and fast-growing multi-brand hotel group in China, today
announced that its 2018 annual general meeting of shareholders was
held on May 21, 2018. During the meeting, the following proposals
submitted for shareholders’ approval were approved:
- The special resolution as set out in the Notice of Annual
General Meeting regarding the change of the name of the Company
from “China Lodging Group, Limited” to “Huazhu Group Limited”;
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding the ratification of the appointment of
Ms. Xiaofan Wang as a director of the Company;
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding the extension of the term of the
Company’s Amended and Restated 2009 Share Incentive Plan (the
“2009 Plan”) for another ten (10) years and
amending the relevant provisions of the 2009 Plan;
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding the appointment of Deloitte Touche
Tohmatsu Certified Public Accountants LLP as auditor of the Company
and authorizing the directors of the Company to determine the
remuneration of the auditor; and
- The ordinary resolution as set out in the Notice of Annual
General Meeting regarding authorizing each of the directors or
officer of the Company or Conyers Trust Company (Cayman) Limited to
take any and all action that might be necessary to effect the
foregoing resolutions as such director, in his or her absolute
discretion, thinks fit.
About China Lodging Group,
LimitedChina Lodging Group, Limited is a leading hotel
operator and franchisor in China. As of March 31, 2018, the Company
had 3,817 hotels or 384,959 rooms in operation. With a primary
focus on economy and midscale hotel segments, China Lodging Group’s
brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing Premium
Hotel, JI Hotel, Starway Hotel, Joya Hotel, Crystal Orange Hotel,
Orange Hotel Select, Orange Hotel and Manxin Hotel. 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 and
owned, manachised and franchised models. Under the lease and
ownership model, the Company directly operates hotels typically
located on leased or owned 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 March 31, 2018, China Lodging Group operates 22
percent of its hotel rooms under lease and ownership model, 78
percent under manachise and franchise models.
For more information, please visit the Company’s
website: http://ir.huazhu.com.
Contact InformationInvestor RelationsTel:
+86 (21) 6195 9561Email:
ir@huazhu.comhttp://ir.huazhu.com
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