GreenTree Hospitality Group Ltd. Announces Cash Dividend

Core Viewpoint - GreenTree Hospitality Group Ltd. has announced a cash dividend of US$0.10 per ordinary share, totaling approximately US$10 million, as part of its commitment to delivering value to shareholders [1][2][3]. Company Overview - GreenTree Hospitality Group Ltd. is a leading hospitality and restaurant management group in China, with 4,272 hotels and 183 restaurants as of June 30, 2024 [4]. - The company was ranked 11th among the 225 largest global hotel groups by HOTELS magazine in 2023 and is the fourth largest hospitality company in China according to the China Hospitality Association [4]. - In 2023, GreenTree completed acquisitions of Da Niang Dumplings and Bellagio, enhancing its restaurant portfolio [4]. Financial Actions - The board of directors has approved a cash dividend of US$0.10 per ordinary share, with payments expected to be made around October 16, 2024, for ordinary shares and October 23, 2024, for American Depositary Shares (ADS) [1][2]. - The company will continue its planned share buyback program, reinforcing its commitment to sustainable profitable growth [3].