H World Group Limited Announces the Change of Officers

Core Viewpoint - H World Group Limited announced a leadership change, with Ms. Jihong He stepping down as CFO to become the Chief Strategy Officer, while Mr. Jun Zou has been appointed as the new CFO effective January 2, 2024 [1][3]. Company Overview - H World Group Limited is a significant player in the global hotel industry, operating 9,157 hotels with 885,756 rooms across 18 countries as of September 30, 2023 [4]. - The company's hotel brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, and several others, along with master franchise rights for Mercure, Ibis, and Ibis Styles in the pan-China region [4]. Business Model - H World employs a mix of leased and owned, manachised, and franchised hotel models. As of September 30, 2023, 12% of hotel rooms are operated under lease and ownership, while 88% are under manachise and franchise models [5]. - The company maintains a consistent standard and platform across all its hotels, ensuring quality and service uniformity [5]. Leadership Experience - Mr. Jun Zou, the new CFO, brings over 30 years of experience in financial management and capital markets, having held CFO positions at various companies including Huawei Technologies and Shenzhen Qiqitong Technology [2]. - The CEO of H World, Mr. Hui Jin, expressed confidence in Mr. Zou's capabilities and leadership, highlighting his contributions since joining the company [3].