SHANGHAI, April 30, 2025 /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, 2024 with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2025 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. ...

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, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For ...

GreenTree Hospitality Group Ltd. (NYSE:GHG) Q4 2024 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Rene Vanguestaine - Investor Relations Alex Xu - Chairman & Chief Executive Officer Selina Yang - Chief Financial Officer Conference Call Participants Bruce Mi - UBS Operator Good day, and welcome to the GreenTree Hospitality Group Limited Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After t ...

Fourth Quarter and Fiscal Year 2024 Results April 24, 2025 1 Disclaimer This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities. Neither this presentation nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Specifically, this presentation does not constitute a "prospectus" within the meaning of the Securities Act of 1933, as ...

Total revenues decreased by 18.2% year over year to RMB304.5 million (US$41.7 million)[1]. Net income was RMB-72.8million (US$-10.0 million)[1] compared to RMB8.6 million for the fourth quarter of 2023. Adjusted net income[2] was RMB77.3 million (US$10.6 million)[1] compared to RMB60.9 million for the fourth quarter of 2023. Cash from operations increased year over year to RMB74.2 million (US$10.2 million)[1].SHANGHAI, April 24, 2025 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree ...

SHANGHAI, April 22, 2025 /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, 2024, on Thursday April 24, 2025. GreenTree's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on April 24, 2025 (8:00 PM Beijing/Hong Kong Time on April 24, 2025). Dial-in numbers for the l ...

Toronto, Ontario--(Newsfile Corp. - Le 16 avril/April 2025) - Effective immediately, Global Hemp Group Inc. is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the British Columbia Securities Commissions. For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca. _________________ ...

Financial Data and Key Metrics Changes - Total revenues decreased by 22.5% year-over-year to RMB 357 million [11] - Net income decreased by 44.4% to RMB 65.2 million, with a margin of 18.3% [11][26] - Adjusted EBITDA decreased by 32.1% to RMB 122.5 million, with a margin of 34.3% [11] Business Line Data and Key Metrics Changes - Hotel revenues decreased by 15.4% to RMB 286.9 million, primarily due to a 13.6% decrease in RevPAR [11][19] - Restaurant business revenues decreased by 42% year-over-year to RMB 70.6 million, mainly due to lower ADS and the closure of L&O stores [24] - The number of restaurants in operation stabilized at 182, with 55.5% of stores now being franchise stores [10] Market Data and Key Metrics Changes - Hotel RevPAR was RMB 135, a decrease of 13.6% year-over-year [11] - Restaurant ADS decreased by 25.6% to RMB 4,891 [11] - Occupancy rates for L&O hotels decreased to 75.9% from 79%, while F&M hotels decreased to 74.6% from 81.3% [12] Company Strategy and Development Direction - The company is focusing on expanding its mid- to upscale segment and increasing its presence in Tier 2 and Tier 3 cities, especially in South China [14][15] - The strategic transformation of the restaurant business has been completed, with a focus on areas with greater foot traffic [17] - The company aims to improve profitability by enhancing the performance of legacy hotels and expanding its pipeline of new hotels [40] Management's Comments on Operating Environment and Future Outlook - Management noted a normalization in the hospitality industry following a surge last year, with expectations for improved performance in Q4 compared to Q3 [35] - The company is optimistic about its 2025 outlook, anticipating better performance driven by new hotel openings and improved RevPAR [40] - Management expressed confidence in maintaining the dividend policy despite the drop in net income, attributing part of the decline to a foreign exchange loss [54] Other Important Information - As of September 30, 2024, total cash and cash equivalents increased to RMB 1,883.9 million from RMB 1,737.2 million as of June 30, 2024 [27] - The company anticipates an 8% decrease in hotel revenue for the full year 2024 compared to 2023 [28] Q&A Session Summary Question: Industry trend and company performance comparison - Management indicated that their portfolio has a higher percentage of legacy hotels, which has resulted in a more severe impact on RevPAR compared to newly opened hotels [34] Question: Expectations for restaurant business in Q4 - Management expressed optimism about continued profitability in the restaurant segment, focusing on selecting new locations to sustain growth [36] Question: Sector supply and demand landscape - Management noted intensified competition in the industry but expects a more normalized environment moving forward, with many new hotels in the pipeline [39] Question: Bargaining power with OTAs - Management acknowledged the growth of OTAs and emphasized the importance of working closely with them to create mutually beneficial arrangements [46] Question: Guizhou project details - Management confirmed collaboration with local government on a project in Guizhou, aiming to reposition and reopen nonperforming assets [48] Question: Future dividend plans - Management reassured that the dividend policy will continue despite the drop in net income, citing confidence in future operating income improvements [54] Question: Liquidity improvement plans - Management discussed ongoing reorganization efforts to boost liquidity, including merging the parent company with GHG [55]

Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Third Quarter of 2024 Financial Results SHANGHAI, November 21, 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 third quarter of 2024. Third Quarter of 2024 Operational Highlights Hotels 1.The conversion of Renminbi ("RMB") into United States dollars ("US$") is based o ...

Total revenues decreased by 22.5% year over year to RMB357.0 million (US$50.9 million)[1]. Income from operations was RMB106.4 million (US$15.2 million)[1] compared to RMB137.8 million for the third quarter of 2023. Net income was RMB65.2 million (US$9.3 million)[1] compared to RMB117.4 million for the third quarter of 2023. Adjusted EBITDA (non-GAAP)[2] decreased 32.1% year over year to RMB122.5million (US$17.5 million)[1]. Core net income (non-GAAP)[3] decreased 26.6% year over year to RMB93.5million (U ...