January 13, 2022 Beijing time，Green Hotel Group (NYSE:GHG, China's leading hotel management group company，hereinafter referred to as“Green Hotel”，“Green”or“Company”) announced the unaudited third quarter financial report as of September 30, 2021。182 new hotels opened in the third quarter，162 new stores opened compared to last year，Earnings recovered above the industry average for seven consecutive quarters.

In the third quarter of 2021, the company’s revenue was3.10100 million yuan (approximately 4,USD 8.18 million)，16 year-on-year increase.3%。Operating profit is 5,4.88 million 188bet Online Sports Betting and Casino yuan (approximately 8.52 million US dollars)，Decreased by 45% year-on-year.6%。In accordance with non-GAAP，The adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) attributable to Green Hotel is73.72 millionYuan RMB (approximately 1,144million US dollars), a year-on-year decrease of 33.5%.

Late July 2021,Affected by the new crown epidemic in some areas，Resulting in the hotel industry and Green Hotel’s operating data recovery speed being slowed down，But as the epidemic is effectively controlled，In early September, Green’s average daily room revenue returned to the level of the same period in 2019。Although after the outbreak related to tour groups in October，The epidemic continues to this day and the market is changing again，Green operation data recovery speed is affected again。But with a stable customer base and good risk resistance，Green’s operating data gradually recovered amid fluctuations。Compare STR 188bet app download disclosure data，The recovery speed of Green's hotels is higher than the average recovery speed of the hotel industry。

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During the epidemic，Hotel owners have suffered great pressure and losses，Hotel investors pay more attention to return on investment and hotel operating income。The Green Hotel also demonstrated a more flexible ability to withstand stress during this epidemic。Green has been committed to continuously polishing brand design standards，Optimize decoration design costs，At the same time, further improve the efficiency of the hotel operation and management system，Assist hotel investors to achieve“Reducing costs and increasing efficiency”，Strive to maximize property value and operating value，Let the vast majority of franchisees have sufficient risk resistance to survive the new crown test。