Huazhu Group Limited Announces Results of 2019 Annual General Meeting
December 10 2019 - 4:00AM
Huazhu Group Limited (NASDAQ: HTHT) (the “Company”), a leading and
fast-growing hotel group, today announced that its 2019 annual
general meeting of shareholders was held on December 10, 2019.
During the meeting, the following proposals submitted for
shareholders’ approval were approved:
1. The ordinary resolution as set out in the
Notice of Annual General Meeting regarding the appointment of
Deloitte Touche Tohmatsu Certified Public Accountants LLP. as
auditor of the Company at a fee to be agreed by the Board.2. The
ordinary resolution as set out in the Notice of Annual General
Meeting regarding the re-election of Min (Jenny) Zhang as a
Director of the Board of the Company.3. The ordinary resolution as
set out in the Notice of Annual General Meeting regarding
authorizing each director or officer of the Company to take any and
every action that might be necessary, appropriate or desirable to
effect the foregoing resolutions as such director or officer, in
his or her absolute discretion, thinks fit.
About Huazhu Group
LimitedHuazhu Group Limited is a leading hotel operator
and franchisor. As of September 30, 2019, Huazhu operated 5,151
hotels with 504,414 rooms in operation. Huazhu’s brands include Hi
Inn, Elan Hotel, HanTing Hotel, HanTing Premium Hotel, JI Hotel,
Starway Hotel, Orange Hotel Select, Crystal Orange Hotel, Manxin
Hotels & Resorts, Joya Hotel, and Blossom Hill Hotels &
Resorts. 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 mainly includes leased,
manachised and franchised models. Under the lease model, Huazhu
directly operates hotels typically located on leased properties.
Under the manachise model, Huazhu manages manachised hotels through
the on-site hotel managers Huazhu appoints and 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. In addition, Huazhu has a limited number of hotels in
owned or partially owned properties. Huazhu applies a consistent
standard and platform across all of its hotels. As of September 30,
2019, Huazhu operates 83 percent of its hotel rooms under manachise
and franchise models.
For more information, please visit the Company’s
website: http://ir.huazhu.com.
Contact InformationInvestor RelationsTel:
+86 (21) 6195 9561Email: ir@huazhu.comhttp://ir.huazhu.com
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