H World Group Limited Announces the Change of Chief Financial Officer
December 02 2022 - 7:15AM
H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or
the “Company”), a key player in the global hotel industry, today
announced that Ms. Hui Chen will step down as the chief financial
officer of the Company, effective immediately. Ms. Jihong He, the
Company’s chief executive officer for international business, has
been appointed as the chief financial officer of the Company,
effective immediately.
Ms. He joined the Company in October 2021. Prior to joining the
Company, Ms. He was the Chief Corporate Strategy Officer and CEO of
Data Center of CapitaLand (SGX: C31) from July 2019 to August 2021.
Prior to that, she worked with Temasek, including serving as a
director and a managing director, successively, of Temasek
International from July 2013 to March 2018, and as the chief
strategy officer and chief investment officer of
Ascendas-Singbridge, a Temasek portfolio company, from June 2015
and June 2019. Prior to that, she worked for Roland Berger Strategy
Consultants (“Roland Berger”), with the latest position as a
principal and a member of the Asia Leadership Team. Before joining
Roland Berger, Ms. He worked as a senior manager in global
investments & terminal operations at Fraport AG from January
2002 to August 2005. She started her career as a product manager of
the global marketing chemicals division at BASF SE in Germany in
1997. Ms. He obtained her MBA degree from the University of British
Columbia in Canada.
Mr. Hui Jin, the Company’s chief executive officer, commented,
“Ms. He has rich experience in international business operations. I
have full confidence in her, and believe that, with her experience
and expertise, she will be a strong leader for H World in its next
chapter of growth. I would also like to thank Ms. Hui Chen on
behalf of the Company for her strong loyalty and commitment to the
Company and significant contributions to the Company as the chief
financial officer.”
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, 2022, H World
operated 8,402 hotels with 797,489 rooms in operation in 17
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, 2022, H World operated 13 percent of its hotel rooms
under the lease and ownership model, and 87 percent under manachise
and franchise models.
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,
including the management’s quote, 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 InformationInvestor RelationsTel: 86 (21) 6195
9561Email: ir@hworld.comhttp://ir.hworld.com
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