UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
Commission File Number: 001-34656
H World Group Limited
(Registrant’s name)
No. 1299 Fenghua Road
Jiading District
Shanghai
People’s Republic of China
(86) 21 6195-2011
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
x Form 40-F o
EXPLANATORY NOTE
This report on Form 6-K, including Exhibit 99.1 hereto, is hereby incorporated
by reference into the registrant’s Registration Statement on Form F-3, as amended, initially filed with the U.S. Securities and
Exchange Commission on July 19, 2021 (Registration No. 333-258001), and shall be a part thereof from the date on which this report is
furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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H World Group Limited |
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(Registrant) |
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Date: November 29, 2023 |
By: |
/s/ Qi Ji |
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Name: |
Qi Ji |
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Title: |
Executive Chairman of the Board of Directors |
Exhibit 99.1
H World Group Limited Announces Cash Dividend
SHANGHAI, China, November 29, 2023 (GLOBE NEWSWIRE) -- H World
Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a leading and fast-growing hotel group,
today announced that its board of directors (the “Board”) has approved the declaration and payment of a cash dividend (the
“Cash Dividend”) of US$0.093 per ordinary share, or US$0.93 per American Depositary Share (the “ADS”). The Cash
Dividend is comprised of two tranches, including (i) an ordinary dividend of US$0.062 per ordinary share, or US$0.62 per ADS and
(ii) a special dividend of US$0.031 per ordinary share, or US$0.31 per ADS. The Company considers to declare an ordinary dividend
every year up to 45% of its net income.
Holders of the Company’s ordinary shares or ADSs as of the close
of business on December 21, 2023 will be entitled to receive the Cash Dividend. Dividends to holders of the Company’s ordinary
shares are expected to be distributed on or about January 10, 2024. Citibank, N.A. (“Citi”), depositary bank for the
Company’s ADS program, expects to pay out dividends to ADS holders on or about January 17, 2024. Dividends to be paid to the
Company’s ADS holders through Citi will be subject to the terms of the deposit agreement by and among the Company and Citi, and
the holders and beneficial owners of ADS issued thereunder, including the fees and expenses payable thereunder.
The aggregate amount of the Cash Dividend to be paid is approximately
US$300 million, including (i) an ordinary dividend in the amount of approximately US$200 million; and (ii) a special dividend
in the amount of approximately US$100 million.
As of September 30, 2023, the Company had a total balance of cash
and cash equivalents of RMB5.8 billion (US$790 million) and restricted cash of RMB529 million (US$73 million).
About H World Group Limited
Originated in China, H World Group Limited is a key player in the global
hotel industry. As of September 30, 2023, H World operated 9,157 hotels with 885,756 rooms in operation in 18 countries. H World’s
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. In addition, H World also has the rights as master franchisee for Mercure, Ibis
and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.
H World’s business includes leased and owned, manachised and
franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties.
Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects
fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels,
and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across
all of its hotels. As of September 30, 2023, H World operates 12 percent of its hotel rooms under lease and ownership model, and
88 percent under 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 which involve risks and uncertainties. Such 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
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