SHANGHAI, China, March 03, 2022 (GLOBE NEWSWIRE) — Huazhu Group Limited (NASDAQ: HTHT and HKEX: 1179) (“Huazhu” or the “Company”), a world-leading resort group, at the moment introduced that its board of administrators has declared a money dividend of US$0.021 per abnormal share, or US$0.21 per American Depositary Share (“ADS”). Holders of the Company’s abnormal shares or ADS as of the shut of business on March 24, 2022 will probably be entitled to obtain the money dividend. Dividends to holders of the Company’s abnormal shares are anticipated to be distributed on or about April 14, 2022. Citibank, N.A., depositary financial institution for the Company’s ADS program (the “ADS Depositary”), expects to pay out dividends to ADS holders on or about April 21, 2022. Dividends to be paid to the Company’s ADS holders by way of the ADS Depositary will probably be topic to the phrases of the deposit settlement by and among the many Company and the ADS Depositary, and the holders and useful homeowners of ADS issued thereunder, together with the charges and bills payable thereunder.
The complete amount of money to be distributed for the particular dividend is anticipated to be roughly US$68 million.
As of September 30, 2021, the Company had money and money equivalents of RMB5.4 billion (US$836 million) and restricted money of RMB26 million (US$4 million).
About Huazhu Group Limited
Originated in China, Huazhu Group Limited is a world-leading resort group. As of December 31, 2021, Huazhu operated 7,830 lodges with 753,216 rooms in operation in 17 nations. Huazhu’s manufacturers embody 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 and CitiGO Hotel. Upon the completion of the acquisition of DH on January 2, 2020, Huazhu added 5 manufacturers to its portfolio, together with Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz within the City, IntercityHotel and Zleep Hotels. In addition, Huazhu additionally has the rights as grasp franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, within the pan-China area.
Huazhu’s business consists of leased and owned, manachised and franchised fashions. Under the lease and possession mannequin, Huazhu straight operates lodges sometimes positioned on leased or owned properties. Under the manachise mannequin, Huazhu manages manachised lodges by way of the on-site resort managers that Huazhu appoints, and Huazhu collects charges from franchisees. Under the franchise mannequin, Huazhu gives coaching, reservations and help providers to the franchised lodges, and collects charges from franchisees however doesn’t appoint on-site resort managers. Huazhu applies a constant customary and platform throughout all of its lodges. As of December 31, 2021, Huazhu operates 14 % of its resort rooms below lease and possession mannequin, and 86 % below manachise and franchise fashions.
For extra info, please go to Huazhu’s web site: http://ir.huazhu.com.
Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
The info on this launch accommodates forward-looking statements which contain dangers and uncertainties. Such elements and dangers embody our anticipated development methods; our future outcomes of operations and monetary situation; financial situations; the regulatory atmosphere; our skill to draw and retain clients and leverage our manufacturers; traits and competitors within the lodging business; the anticipated development of demand for lodging; and different elements and dangers detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that aren’t statements of historic reality could also be deemed to be forward-looking statements, which can be recognized by terminology akin to “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the damaging of such phrases or different comparable terminology. Readers shouldn’t depend on forward-looking statements as predictions of future occasions or outcomes.
Huazhu undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, until required by relevant legislation.
Contact Information
Huazhu Investor Relations
Tel: 86 (21) 6195 9561
Email: [email protected]
http://ir.huazhu.com
