Core Viewpoint - The practice of "brushing orders" has become a survival strategy for many small and medium-sized hotels and homestays, driven by the pressures of platform dominance and the need for visibility in a competitive market [1][12][17] Group 1: Brushing Orders as a Strategy - "Brushing orders," referred to as "supplementing orders" by some hotel owners, aims to increase visibility and attract real customers by manipulating platform algorithms [1][3] - The timing of brushing orders is crucial; hotel owners must strategically choose when to supplement orders based on sales performance and inventory levels [3][4] - For a hotel with around 40 rooms, brushing a few orders can significantly impact occupancy rates, potentially accounting for 25% of total room bookings [6] Group 2: Risks and Limitations - Brushing orders is considered a form of false orders and is legally questionable, as highlighted by regulations from the State Administration for Market Regulation [6][7] - Not all hotels can afford to engage in brushing; franchise hotels and state-owned properties face additional constraints that limit their flexibility [7][8] - The practice can lead to a cycle of dependency on platform ratings and traffic, creating anxiety for hotel owners who may feel trapped by the system [8][12] Group 3: Market Conditions and Challenges - The current market environment is challenging, with many hotels experiencing declining occupancy and pricing pressures, leading to a reliance on platforms for business [10][14] - Some hotel owners express frustration with the platform's practices, feeling that they are incentivized to brush orders while facing penalties if caught [7][11] - The industry is witnessing a trend where hotel owners are looking for guidance on brushing orders, indicating a lack of viable alternatives [11][12] Group 4: Potential Changes in Platform Policies - Recent updates to platform review policies may provide some relief for small hotels, allowing those with ratings of 4.7 and above to gain visibility, though the underlying platform dynamics remain unchanged [16][17] - The ongoing uncertainty in the industry has led many hotel owners to adopt a conservative approach, focusing on cost-cutting and preparing for a prolonged downturn [17]

关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 召开的日期时间：2025 年 9 月 19 日 14 点 30 分 证券代码：600258 证券简称：首旅酒店 编号：临 2025-039 北京首旅酒店（集团）股份有限公司 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七)涉及公开征集股东投票权 无 二、 会议审议事项 召开地点：北京市朝阳区雅宝路 10 号凯威大厦三层 301 会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 19 日 至2025 年 9 月 19 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通 ...

Summary of Key Points Core Viewpoint - Beijing Shoulv Hotel Group Co., Ltd. has reported on the management and usage of raised funds for the first half of 2025, highlighting compliance with regulatory requirements and detailing the allocation of funds for hotel expansion and upgrades. Fundraising Overview - The company was approved to issue 134,348,410 shares at a price of RMB 22.33 per share, raising a total of RMB 2,994,275,995.30, with net proceeds of RMB 2,990,790,514.72 after deducting issuance costs [1][2] - As of June 30, 2025, the company has utilized RMB 1,619,257,322.74 for hotel expansion and upgrades, and RMB 900,000,000.00 for repaying bank loans, totaling RMB 2,519,257,322.74 in usage, leaving a balance of RMB 471,533,191.98 [1][2] Fund Management - The company has established a dedicated fund management system, ensuring that raised funds are stored and managed in specialized accounts [1][2] - As of June 30, 2025, the balance in the fundraising special account was RMB 44,641,805.17, including interest income [1][2] Investment Projects - The company has approved the use of RMB 153,479,401.99 to replace self-raised funds previously invested in hotel expansion and upgrades [2][3] - There were no instances of using idle funds to temporarily supplement working capital as of June 30, 2025 [2][3] Cash Management - The company has utilized idle funds for cash management, investing a total of RMB 8,550,000,000.00 in financial products, with RMB 8,000,000,000.00 redeemed upon maturity [3][6] - As of June 30, 2025, the company has not recovered the principal of RMB 55,000,000.00 from the financial products purchased with idle funds [3][6] Compliance and Reporting - The company has adhered to regulatory requirements and internal management protocols, ensuring accurate and timely disclosure of fundraising usage and management [2][3][6] - There have been no violations in the management and usage of raised funds as of June 30, 2025 [2][3][6]

证券代码：600258 证券简称：首旅酒店 编号：临 2025-040 北京首旅酒店（集团）股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要提示： ●会议召开时间：2025 年 9 月 16 日(星期二) 下午 16:00-17:00 ●会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 本次投资者说明会以网络互动形式召开，公司将针对 2025 年上半年度的经 营状况、财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 三、参加人员 公司董事、总经理孙坚先生；公司独立董事李燕女士；公司独立董事伏军先 生；公司独立董事沈杰先生；公司独立董事张焕杰先生；公司副总经理兼财务总 监李向荣女士；公司副总经理、董事会秘书段中鹏先生。 四、投资者参加方式 网登陆上证路演中心 http://roadshow ...

GS-01-02 董事会议事规则 北京首旅酒店（集团）股份有限公司 董事会议事规则 为进一步完善公司法人治理结构，更好地规范北京首旅酒店（集团）股份有 限公司（下称"公司"）董事会的召开、议事、决议等事项，确保董事会的工作 效率和科学决策，根据《中华人民共和国公司法》（下称"《公司法》"）《中华人 民共和国证券法》和《北京首旅酒店（集团）股份有限公司章程》 （下称"《公司 章程》"）等制订本议事规则。 第一章 董事会的组成和下设机构 第一条 公司董事会由 11 名董事组成，其中独立董事 4 名。董事会设董事 长 1 人，副董事长 1 人。董事长、副董事长由董事会以全体董事的过半数选举产 生。 第二条 董事会下设战略委员会、审计委员会、提名委员会以及薪酬与考核 委员会共四个专门委员会。各专门委员会的职责和工作程序等按照《上市公司治 理准则》和各专门委员会的实施细则执行。 专门委员会成员全部由董事组成，其中审计委员会、提名委员会、薪酬与考 核委员会中独立董事应当过半数并担任召集人，审计委员会中至少应有一名独立 董事是会计专业人士。 第三条 各专门委员会可以聘请中介机构提供专业意见，有关费用由公司承 担。 第四条 ...

股票代码：600258 股票简称：首旅酒店 编号：临 2025-035 北京首旅酒店（集团）股份有限公司 第九届董事会第十一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 北京首旅酒店（集团）股份有限公司（以下简称"公司"或"首旅酒店"） 第九届董事会第十一次会议于 2025 年 8 月 27 日（星期三）上午 9：30 以通讯方 式召开。本次会议的通知已于 8 月 17 日以邮件方式送达公司各位董事、监事和 公司高管人员。本次会议应到董事 11 名，11 名董事亲自出席会议。符合《公司 法》和《公司章程》的有关规定。会议提出并经过表决通过以下议案： 一、以赞成 11 票，占全体董事表决票数的 100%；回避 0 票；反对 0 票；弃 权 0 票的表决结果通过了《公司 2025 年半年度报告全文及摘要》。 《公司 2025 年半年度报告》已经 2025 年 8 月 20 日下午 16 时召开的董事会 审计委员会会议事前审核通过，同意提交公司董事会审议。 公司 2025 年半年度报告全文刊登在上交所网站 http ...

Core Viewpoint - The Guangzhou Kaixuan Huameida Hotel has officially opened its "Sky Rose Garden" on August 29, coinciding with the Qixi Festival, aiming to create a romantic and immersive experience for guests [2][3][6]. Group 1: Hotel Overview - The Kaixuan Huameida Hotel was established in 1991 and was rated a four-star foreign-related hotel by the National Tourism Administration in 1994 [7]. - Located in the Zhujiang New Town business district, the hotel offers convenient transportation and beautiful surroundings, with views of the Guangzhou landmark "Little Waist" [8]. - The hotel caters to mid-to-high-end consumers, featuring over 370 well-equipped rooms and various multifunctional conference halls for large meetings and training sessions [9][10]. Group 2: Sky Rose Garden Features - The newly opened Sky Rose Garden on the fourth floor covers an area of 500 square meters, providing a venue for weddings, team-building activities, private dining, and entertainment events [11][16][18]. - The garden offers panoramic views of the "Little Waist," Zhujiang River, and Zhujiang New Town, positioning itself as a new attraction in Guangzhou [12][19]. Group 3: Collaboration with Guangdong Sanbao - Guangdong Sanbao, a series of products representing traditional culture, made its debut at the Sky Rose Garden opening, allowing guests to experience and learn about local specialties like Xinhui Chenpi, Chunsanren, and Huazhou Juhong [21][24][39]. - The collaboration aims to promote Guangdong's rich cultural heritage and enhance the hotel’s offerings, attracting more young visitors [33][41]. Group 4: Upcoming Promotions - As the Mid-Autumn Festival approaches, the hotel is promoting mooncake gift boxes and sets, focusing on low-oil, low-fat, and low-sugar health flavors [28][32]. - The Guangdong Sanbao classic gift box will be paired with the hotel’s mooncake offerings, available for purchase across various hotel channels [29][30].

7月末向公众提供住宿服务的酒店业场所共147间，同比增加3间，可提供客房数目增加1.0%至4.5万间。 7月客房平均入住率同比上升1.9个百分点至91.0%，其中五星级(94.2%)及四星级(86.4%)酒店的入住率分 别增加2.3和及2.6个百分点，三星级酒店的入住率(86.3%)则下跌0.2个百分点。 今年首七个月酒店业场所的客房平均入住率同比上升4.7个百分点至89.4%。住客同比减少0.3%至848.6 万人次，平均留宿时间则维持在1.7晚。另一方面，首七个月的随团入境旅客总数同比下降4.5%至111.2 万人次，国际团客则增加12.6%至13.2万人次。 7月酒店业场所住客同比上升4.0%至128.3万人次；中国内地住客(95.8万人次)上升3.9%，国际住客(8.2万 人次)增加7.3%，当中韩国(2.5万人次)、泰国(0.6万人次)、美国(0.5万人次)及印尼(0.4万人次)住客分别 增加5.5%、41.7%、16.1%及3.4%，而日本(0.6万人次)、印度(0.4万人次)及马来西亚(0.4万人次)住客则 分别减少3.1%、7.9%及2.9%。7月住客平均留宿时间维持在1.6晚。 今年7月的随 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for Jin Jiang Hotels and nine other companies, focusing on compliance with regulations regarding overseas listings and data protection measures [1][2]. Group 1: Regulatory Requirements - The CSRC has requested Jin Jiang Hotels to clarify whether its subsidiaries fall under the prohibitions outlined in Article 8 of the "Interim Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises" [1]. - The company is required to provide a legal opinion regarding its compliance with the relevant regulations concerning its capital structure and the ownership of shares [1]. - Jin Jiang Hotels must detail the operations of its digital platforms, including user data collection and storage practices, and measures for personal information protection before and after the listing [1]. Group 2: Business Operations and Growth - As of December 31, 2024, Jin Jiang Hotels has opened 13,416 hotels with a total of 1,290,988 guest rooms, making it the largest hotel group in China and the second largest globally based on the number of rooms [3]. - The company operates hotels through two business models: owned and leased hotels, and franchised and managed hotels, which has allowed it to effectively expand its hotel network [3]. - The number of guest rooms in franchised and managed hotels has increased from 1,025,618 on December 31, 2022, to 1,214,788 by December 31, 2024, representing a compound annual growth rate of 8.8% [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested additional documentation from Jin Jiang Hotels (600754) and nine other companies regarding their overseas listing applications, particularly focusing on the company's tobacco retail license and data protection measures [1][2]. Group 1: Regulatory Requirements - CSRC has asked Jin Jiang Hotels to clarify whether its subsidiaries fall under the prohibitions outlined in Article 8 of the "Interim Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises" [2]. - The company is required to provide information on its shareholding structure in accordance with the "Guidance on Regulatory Rules for Overseas Issuance and Listing - No. 2" [2]. - Jin Jiang Hotels must detail the development and operation of its digital platforms, including user data collection and storage practices, and measures for personal information protection [2]. Group 2: Business Operations and Growth - As of December 31, 2024, Jin Jiang Hotels has opened 13,416 hotels with a total of 1,290,988 guest rooms, making it the largest hotel group in China and the second largest globally based on room count [3]. - The company operates hotels through two business models: owned and leased hotels, and franchised and managed hotels, effectively expanding its network through a light asset model [3]. - The number of franchised and managed hotel rooms increased from 1,025,618 on December 31, 2022, to 1,214,788 by December 31, 2024, representing a compound annual growth rate of 8.8% [3].