H World Group Limited Announces Voting Results of 2024 Annual General Meeting

Company Overview - H World Group Limited is a significant player in the global hotel industry, operating 9,817 hotels with 955,657 rooms across 18 countries as of March 31, 2024 [2] - The company'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, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon, and Song Hotels [2] - H World holds master franchise rights for Mercure, Ibis, and Ibis Styles, along with co-development rights for Grand Mercure and Novotel in the pan-China region [2] Business Model - H World's business encompasses leased and owned, manachised, and franchised models [3] - As of March 31, 2024, 11% of hotel rooms are operated under the lease and ownership model, while 89% are under the manachise and franchise model [3] - The company maintains a consistent standard and platform across all its hotels [3] Recent Developments - The 2024 annual general meeting was held on June 27, 2024, where several resolutions were passed, including the appointment of Deloitte Touche Tohmatsu as auditor for 2024 and amendments to the 2023 share incentive plan [1] - The AGM authorized directors and officers to take necessary actions to implement the resolutions [1]