SHANGHAI,
April 29, 2022
/PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG)
("GreenTree" or the "Company"), a leading hospitality management
group in China, today announced
that it will report its unaudited financial results for the quarter
ended December 31, 2021, after U.S.
markets close on Wednesday, May 11,
2022. GreenTree's management will hold an earnings
conference call at 9:00 PM U.S.
Eastern Time on May 11, 2022
(9:00 AM Beijing/Hong Kong Time on
May 12, 2022).
Dial-in numbers for the live conference call are as follows:
International
1-412-902-4272
Mainland China
4001-201-203
US
1-888-346-8982
Hong Kong
800-905-945 or 852-3018-4992
Singapore
800-120-6157
Participants should ask to join the GreenTree call.
A telephone replay of the conference call will be available
after the conclusion of the live conference call until May 18, 2022.
Dial-in numbers for the replay are as follows:
International Dial-in
1-412-317-0088
U.S. Toll
Free
1-877-344-7529
Canada Toll
Free
855-669-9658
Passcode:
5870528
A live and archived webcast of the conference call will be
available on the Company's investor relations website at
http://ir.998.com.
Additionally, the board of directors of
the Company (the "Board") recently received a non-binding proposal
from the controlling shareholder of the Company, GreenTree
Inns Hotel Management Group, Inc., or GTI, to sell GTI's existing
restaurant business, which includes two fast food restaurant chains
operated in China under the brand
names of "Daniang Dumpling" and
"Bellagio (Lu Gang
Xiao Zhen)", to the Company (the "Proposed
Transaction"). The Company had formed a special committee (the
"Special Committee") of the Board, comprised solely of independent
and disinterested directors, to consider the Proposed Transaction.
The Special Committee has retained Kroll LLC as its financial
advisor and Simpson Thacher & Bartlett LLP as its U.S. legal
counsel, and is in the process of assessing the Proposed
Transaction.
The Board cautions the Company's shareholders and others
considering trading the Company's securities that no decisions have
been made with respect to the Proposed Transaction. There can be no
assurance that any definitive agreement will be executed relating
to the Proposed Transaction, or that the Proposed Transaction or
any other similar transaction will be approved or consummated. The
Company does not undertake any obligation to provide any updates
with respect to any transaction, except as required under
applicable law.
About GreenTree Hospitality Group Ltd.
GreenTree Hospitality Group Ltd. ("GreenTree" or the "Company")
(NYSE: GHG) is a leading hospitality management group in
China. As of September 30, 2021, GreenTree had a total number
of 4,626 hotels. In 2020, HOTELS magazine ranked GreenTree Top 12
Ranking among 225 largest global hotel groups in terms of number of
hotels in its annual HOTELS' 225. GreenTree was also the fourth
largest hospitality company in China in 2020 based on the statistics issued
by the China Hospitality Association.
GreenTree has built a strong suite of brands including its
flagship "GreenTree Inns" brand as a result of its long-standing
dedication to the hospitality industry in China and consistent quality of its services,
signature hotel designs, broad geographic coverage and convenient
locations. GreenTree has further expanded its brand portfolio into
mid-to-up-scale and luxury segments through a series of strategic
investments. By offering diverse brands, through its strong
membership base, expansive booking network, superior system
management with moderate charges, and fully supported by its
operating departments including Decoration, Engineering,
Purchasing, Operation, IT and Finance, GreenTree aims to keep
closer relationships with all of its clients and partners by
providing a brand portfolio that features comfort, style and
value.
For more information on GreenTree, please visit
http://ir.998.com
GreenTree
Ms. Selina Yang
Phone: +86-21-3617-4886 ext. 7015
E-mail: ir@998.com
Mr. Nicky Zheng
Phone: +86-21-3617-4886 ext. 6708
E-mail: ir@998.com
Christensen
In Shanghai
Mr. Jerry Xu
Phone: +86-138-1680-0706
E-mail: jxu@christensenir.com
In Hong Kong
Ms. Karen Hui
Phone: +852-9266-4140
E-mail: khui@christensenIR.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE GreenTree Hospitality Group Ltd.