SHANGHAI, June 22, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, on Tuesday June 25, 2024. GreenTree's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on June 25, 2024 (8:00 PM Beijing/Hong Kong Time on June 25, 2024).Dial-in numbers for the live conference call are as ...

Group 1 - Global Hemp Group Inc. has been reinstated for trading effective immediately [1][3] - The company has rectified the situation that led to its suspension [3]

SHANGHAI, April 30, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2024 U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.998.com/ as well as the SEC's website at http://www.sec ...

Table of Contents American depositary shares, each representing one Class A ordinary share Class A ordinary shares, par value US$0.50 per share * GHG New York Stock Exchange, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION ...

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Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2023 Financial Results SHANGHAI, March 26, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the fourth quarter and fiscal year of 2023. As Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China, were all under the c ...

GreenTree Hospitality Group Ltd. (NYSE:GHG) Q4 2023 Results Conference Call March 25, 2024 9:00 PM ET Company Participants Rene Vanguestaine - IR, Christensen Alex Xu - Chairman and CEO Selina Yang - CFO Megan Huang - VP, Sales and Marketing Conference Call Participants Dan Xu - Morgan Stanley Simon Cheung - Goldman Sachs Operator Hello, ladies and gentlemen. Thank you for standing by for GreenTree's Fourth Quarter and Fiscal Year of 2023 Earnings Conference Call. [Operator Instructions] Please note this ev ...

SHANGHAI, March 18, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, after U.S. markets close on Monday March 25, 2024. GreenTree's management will hold an earnings conference call at 9:00 PM U.S. Eastern Time on March 25, 2024 (9:00 AM Beijing/Hong Kong Time on March 26, 2024). Di ...

Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Third Quarter 2023 Financial Results SHANGHAI, November 22, 2023 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the third quarter of 2023. As Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China, were all under the control of our founder, Alex S. ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2023 were RMB 460.9 million, an increase of 15.3% year-over-year, driven by the recovery in RevPAR and an increase in the number of hotels [8][14] - RevPAR increased by 30.5% year-over-year to RMB 156, reaching 110% of the levels seen in Q3 2019 during July and August [7][8] - Adjusted EBITDA rose significantly by 215% to RMB 173.4 million, with a margin of 37.6% [8][19] - Net income was RMB 117.4 million, reflecting a margin of 25.5% [8] Business Line Data and Key Metrics Changes - Hotel revenues increased by 40.4% year-over-year to RMB 339.1 million, with total revenues from F&M hotels up 20.8% and L&O hotels up 83.1% [14][15] - Average Daily Sales (ADS) for restaurants increased by 7.4% to RMB 6,548, despite the closure of 85 restaurants over the past year [8][20] - The number of individual memberships in the hotel segment grew to 88 million, up from 77 million a year ago [13] Market Data and Key Metrics Changes - The occupancy rate for L&O hotels increased to 79%, while F&M hotels saw an occupancy rate of 81.3% [13] - The company observed a slight decline in RevPAR in early November, attributed to seasonal factors and a potential slowdown in business travel [22][26] Company Strategy and Development Direction - The company is focused on expanding its mid- to upscale hotel segment, with 455 hotels in this category, representing 10.9% of the total portfolio [10] - There is a strategic emphasis on increasing the number of hotels in Tier 3 and lower cities, with 73.7% of hotels in the current pipeline located in these areas [12] - The company aims to improve profitability in its restaurant business by closing unprofitable stores and increasing the proportion of franchise operations [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued recovery of the hotel business, although they noted a slight slowdown in RevPAR post-holidays [26][34] - For 2024, management anticipates ongoing economic recovery but acknowledges uncertainty regarding leisure travel demand [27][34] - The company plans to open 450 to 470 hotels in 2024, representing a 12% to 15% increase from the current year [32] Other Important Information - The company repurchased 554,158 ADS in October 2023 as part of a share repurchase program, indicating confidence in the company's valuation [20][52] - As of September 30, 2023, total cash and cash equivalents were RMB 1,331.4 million, down from RMB 1,440.1 million due to loan repayments and investments [19] Q&A Session Summary Question: RevPAR outlook and November performance - Management noted that RevPAR declined slightly in early November, with a 5% decrease compared to 2019 levels, attributing it to seasonal factors [22][25][26] Question: Hotel opening plans for 2024 - The company plans to sign 650 to 680 hotels and open 450 to 470 hotels in 2024, indicating a strong growth trajectory [32][33] Question: Sustainability of leisure travel demand - Management expressed cautious optimism about leisure travel demand, expecting it to remain stable but not as strong as the previous summer [34] Question: Share repurchase rationale - The share repurchase was seen as a strategic move to enhance shareholder value, with management emphasizing the undervaluation of shares [28][52] Question: Cost savings and margin outlook - Management highlighted significant cost savings across both hotel and restaurant segments, with expectations for continued margin improvement [38][40]