Huazhu Group Limited (NASDAQ: HTHT and HKEX: 1179) (“Huazhu” or the
“Company”), a world-leading hotel group, today announced that Mr.
Qi Ji will step down as chief executive officer of the Company for
personal reasons, effective October 1, 2021. Mr. Ji will continue
to serve as the chairman of the board of directors of the Company
(the “Board”).
Mr. Hui Jin, currently the president of the Company, will
succeed Mr. Ji as chief executive officer of the Company, effective
October 1, 2021. Mr. Jin joined the Company in 2005 and has
successively served as the Company’s director of the Development
Department, vice president, executive vice president and president,
respectively. Prior to joining Huazhu, Mr. Jin worked at Shanghai
Home Inns Hotels Management Limited as regional development manager
from March 2004 to December 2004. Mr. Jin received his executive
master’s degree from China Europe International Business School in
August 2014, and his bachelor of science degree in psychology from
the East China Normal University in July 2000.
Ms. Xinxin Liu, currently the chief digital officer of the
Company, will be appointed as the president of the Company. Ms. Liu
joined the Company in 2012 and has successively served as the
Company’s chief information officer and chief digital officer,
respectively. She was the founder and chief executive officer of
H-World Information and Technology Co., Ltd., an IT company
incubated by the Company in November 2013. Prior to joining Huazhu,
Ms. Liu worked at Alcatel-Lucent Shanghai Bell from July 1999 to
September 2012. Ms. Liu received her master of business
administration degree from Fudan University in January 2008, and
her bachelor’s degree in economic information management from
Beijing Technology and Business University (formerly known as
Beijing Business Academy) in June 1999.
Commenting on Mr. Jin and Ms. Liu’s appointments, Mr. Ji said,
“Hui is the first employee of the Company and has been with the
Company since 2005. He has shown strong loyalty and commitment to
the Company and has made significant contributions to the Company’s
hotel network expansion over the last sixteen years. His
dedications and contributions have led us to successfully grow into
one of the largest hotel groups in the world. Xinxin has been
playing an instrumental role in the Company’s digitalization and
technology development since 2012. With her efforts and expertise,
Huazhu has built industry-leading technology capability, which has
become one of our key competitive edges. After their years of hard
work, I have full confidence in them, and believe that they will be
a strong leadership team for Huazhu in its next chapter of
growth.”
Speaking about their new appointments, Mr. Hui Jin said, “It is
a great honor to continue my career at Huazhu as its chief
executive officer. I will work closely with the Board and the
management team to carry on the momentum and growth, and drive the
company forward.” Ms. Xinxin Liu added, “I am very honored to
continue my career at Huazhu as president. I will continually
utilize my expertise to further strengthen Huazhu’s technology and
operation capability to support its long-term growth strategies. I
will work closely with Mr. Hui Jin and the management team to lead
Huazhu to achieve its next stage of growth.”
About Huazhu Group Limited
Originated in China, Huazhu Group Limited is a world-leading
hotel group. As of June 30, 2021, Huazhu operated 7,126 hotels with
692,284 rooms in operation in 17 countries. Huazhu’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 and CitiGO Hotel. Upon the
completion of the acquisition of DH on January 2, 2020, Huazhu
added five brands to its portfolio, including Steigenberger Hotels
& Resorts, MAXX, Jaz in the City, IntercityHotel and Zleep
Hotels. In addition, Huazhu 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.
Huazhu’s business includes leased and owned, manachised and
franchised models. Under the lease and ownership model, Huazhu
directly operates hotels typically located on leased or owned
properties. Under the manachise model, Huazhu manages manachised
hotels through the on-site hotel managers that Huazhu appoints, and
Huazhu collects fees from franchisees. Under the franchise model,
Huazhu provides training, reservations and support services to the
franchised hotels, and collects fees from franchisees but does not
appoint on-site hotel managers. Huazhu applies a consistent
standard and platform across all of its hotels. As of June 30,
2021, Huazhu operates 15 percent of its hotel rooms under lease and
ownership model, and 85 percent under manachise and franchise
models.
For more information, please visit Huazhu’s website:
http://ir.huazhu.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.
Huazhu 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
Huazhu Investor Relations
Tel: 86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com
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