SHANGHAI, China, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Huazhu Group Limited (NASDAQ:HTHT) (“Huazhu” or the
“Company”), a leading and fast-growing multi-brand hotel group in China, today reiterated its corporate policy and commitment of
ensuring the safety and privacy of customer information.
On August 28, 2018, the Company became aware of media reports that certain personal information of Huazhu
customers had emerged in an online post. Huazhu took immediate actions to minimize the potential risks its customers may be exposed
to. On the same day, the Company reported the incident to the Shanghai police and has been cooperating with the police’s
investigation. In addition, the Company made a public announcement to clarify certain facts, initiated an internal investigation
and hired a number of professional data security companies to identify the source of the alleged information leak.
As part of standard police protocol, the Company is required not to disclose additional information on the
incident pending the police investigation. Based on currently available information, Huazhu does not expect this incident to have a
material impact on its business operation.
About Huazhu Group Limited
Huazhu Group Limited is a leading hotel operator and franchisor in China. As of June 30, 2018, the Company had
3,903 hotels or 393,417 rooms in operation. With a primary focus on economy and midscale hotel segments, Huazhu’s brands include Hi
Inn, HanTing Hotel, Elan Hotel, HanTing Premium Hotel, JI Hotel, Starway Hotel, Joya Hotel, Crystal Orange Hotel, Orange Hotel
Select, Orange Hotel and Manxin Hotel. The Company also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and
co-development rights for Grand Mercure and Novotel, in Pan-China region.
The Company’s business includes leased and owned, manachised and franchised models. Under the lease and
ownership model, the Company directly operates hotels typically located on leased or owned properties. Under the manachise model,
the Company manages manachised hotels through the on-site hotel managers it appoints and collects fees from franchisees. Under the
franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from
franchisees but does not appoint on-site hotel managers. The Company applies a consistent standard and platform across all of its
hotels. As of June 30, 2018, Huazhu Group operates 22 percent of its hotel rooms under lease and ownership model, 78 percent under
manachise and franchise models.
For more information, please visit the Company’s website: http://ir.huazhu.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The information in
this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the
Company’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical
fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,”
“expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project,” or “continue,” the
negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of
future events or results. Any or all of the Company’s forward-looking statements may turn out to be wrong. They can be affected by
inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially
different from those expressed or implied in the forward-looking statements. In evaluating these statements, readers should
consider various factors, including the anticipated growth strategies of the Company, the future results of operations and
financial condition of the Company, the economic conditions of China, the regulatory environment in China, the Company’s ability to
attract customers and leverage its brands, trends and competition in the lodging industry, the expected growth of the lodging
market in China and other factors and risks outlined in the Company's filings with the Securities and Exchange Commission,
including its annual report on Form 20-F and other filings. These factors may cause the Company's actual results to differ
materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the
Company to predict all factors that may cause actual results to differ materially from those contained in any forward-looking
statements. Any projections in this release are based on limited information currently available to the Company, which is subject
to change. This release also contains statements or projections that are based upon information available to the public, as well as
other information from sources which the Company believes to be reliable, but it is not guaranteed by the Company to be accurate,
nor does the Company purport it to be complete. The Company disclaims any obligation to publicly update any forward-looking
statements to reflect events or circumstances after the date of this document, except as required by applicable law.
Contact Information
Investor Relations
Tel: 86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com
