SHANGHAI, Jan. 2, 2019 /PRNewswire/ -- GreenTree
Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company",
"we", "us" and "our"), a leading franchised hotel operator in
China, today announced that the
term of Ms. Jasmine Xin Yue
Geffner's employment contract, as Chief Financial Officer of
the Company, expired on December 31,
2018. Dr. Yiping Yang,
formerly the Vice President of Operations of the Company, has been
appointed as the new Chief Financial Officer of the Company.
"I would like to thank Jasmine for her invaluable service and
contribution to the Company, including her devoted effort to the
successful completion of our initial public offering and listing on
the NYSE in March 2018," commented
Mr. Alex Xu, Chairman and Chief
Executive Officer of GreenTree. "I wish her the very best of
success in her future endeavors."
Dr. Yang began her career at the Company in 2016 as an Executive
Assistant to the Chairman. She was quickly promoted to Vice
President of Sales and Marketing with responsibility over sales
channels, reservation and customer services, public relations. From
February 2017 until late 2018, Dr.
Yang was our Vice President of Operations. In addition, prior to
the Company's IPO, Dr. Yang had served on the Board of Directors of
the Company. Dr. Yang earned her Ph.D. degree in mathematical
finance from The Chinese University of Hong Kong, a top university in the
world.
About GreenTree Hospitality Group Ltd.
GreenTree Hospitality Group Ltd. ("GreenTree" or the "Company")
(NYSE: GHG) is a leading franchised hotel operator in China. As of December
31, 2017, GreenTree had the highest proportion of
franchised-and-managed hotels among the top four economy to
mid-scale hotel networks in China.
In 2017, GreenTree was the fourth largest economy to mid-scale
hotel group in China in terms of
number of hotel rooms according to the China Hospitality
Association. The Company 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, the consistent quality of
its services, its signature hotel designs, broad geographic
coverage and convenient locations. GreenTree has positioned its
brands to appeal to value- and quality-conscious business and
leisure travelers.
For more information on GreenTree, please visit
http://ir.998.com
Safe Harbor Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. In some cases, these
forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to," "confident," "future," or other similar expressions.
GreenTree may also make written or oral forward-looking statements
in its reports filed with or furnished to the U.S. Securities and
Exchange Commission, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Any
statements that are not historical facts, including statements
about or based on GreenTree's current beliefs, expectations,
assumptions, estimates and projections about us and our industry,
are forward-looking statements that involve known and unknown
factors, risks and uncertainties that may cause our actual results,
performance or achievements to be materially different from those
expressed or implied by the forward-looking statements. Such
factors and risks include, but not limited to the following:
GreenTree's goals and growth strategies; its future business
development, financial condition and results of operations; trends
in the hospitality industry in China and globally; competition in our
industry; fluctuations in general economic and business conditions
in China and other regions where
we operate; the regulatory environment in which we and our
franchisees operate; and assumptions underlying or related to any
of the foregoing. You should not place undue reliance on these
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided, including the forward-looking statements
made, in this press release are current as of the date of the press
release. Except as required by law, GreenTree undertakes no
obligation to update any such information or forward-looking
statements to reflect events or circumstances after the date on
which the information is provided or statements are made, or to
reflect the occurrence of unanticipated events.
For more information, please contact:
GreenTree
Ms. Selina
Yang
Phone: +86-21-3617-4886 ext. 7999
E-mail: ir@998.com
Mr. Nicky Zheng
Phone: +86-21-3617-4886 ext. 6708
E-mail: ir@998.com
Christensen
In Shanghai
Ms. Constance Zhang
Phone: +86-138-1645-1798
E-mail: czhang@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
E-mail: lbergkamp@christensenir.com
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SOURCE GreenTree Hospitality Group Ltd.