SHANGHAI, China, June 24, 2022 (GLOBE NEWSWIRE) — Huazhu Group Limited (NASDAQ: HTHT and HKEX: 1179) (the “Company”), a world-leading resort group, in the present day introduced that the 2022 annual common assembly of the Company (the “AGM”) was held on June 24, 2022. During the AGM, the next proposed resolutions have been duly handed:
- the decision as set out within the discover of the AGM dated May 10, 2022 (the “Notice of AGM”) relating to the ratification of appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2022 and the authorization for the administrators of the Company to find out the remuneration of the auditor;
- the decision as set out within the Notice of AGM, topic to and conditional upon the approval of the Registrar of Companies within the Cayman Islands, relating to the change of the English title of the Company from “Huazhu Group Limited” to “H World Group Limited” and the adoption of “ 華住集團有限公司” as the twin overseas title in Chinese of the Company (the “Change of Name”) with impact from the date of entry of the brand new English title in place of the present English title and the twin overseas title in Chinese of the Company on the register of corporations maintained by the Registrar of Companies within the Cayman Islands;
- the decision as set out within the Notice of AGM relating to the modification of the memorandum and articles of affiliation of the Company to replicate the Change of Name, topic to the Change of Name taking impact; and
- the decision as set out within the Notice of AGM relating to the authorization of every director or officer of the Company or Conyers Trust Company (Cayman) Limited to take any and each motion that is perhaps vital, applicable or fascinating to impact the foregoing resolutions as such director, officer or Conyers Trust Company (Cayman) Limited, in his, her or its absolute discretion, thinks match and to take care of any vital registration and/or submitting for and on behalf of the Company.
About Huazhu Group Limited
Originated in China, Huazhu Group Limited is a world-leading resort group. As of March 31, 2022, Huazhu operated 7,988 motels with 764,859 rooms in operation in 17 nations. Huazhu’s manufacturers embrace 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 within the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song 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 motels usually situated on leased or owned properties. Under the manachise mannequin, Huazhu manages manachised motels by means 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 companies to the franchised motels, and collects charges from franchisees however doesn’t appoint on-site resort managers. Huazhu applies a constant commonplace and platform throughout all of its motels. As of March 31, 2022, Huazhu operates 14 % of its resort rooms beneath lease and possession mannequin, and 86 % beneath manachise and franchise fashions.
For extra data, please go to Huazhu’s web site: https://ir.huazhu.com.
Contact Information
Huazhu Investor Relations
Tel: 86 (21) 6195 9561
Email: [email protected]
https://ir.huazhu.com
