June 15，Jinjiang Hotel announced，The company at 15:00 on June 15, 2022 (Wednesday)—16:30 held at the Shanghai Stock Exchange Road Show Center “2021 and 2022 first quarter performance briefing”，Mr. Zhang Xiaoqiang, Chairman of the Company，CEO Ms. Shen Li，Vice President、Ms. Hu Miao, secretary of the board of directors, and Mr. Xie Rongxing, independent director, responded to investor inquiries and concerns。

As understood，The overall average RevPAR in China in the first quarter of 2022 recovered to 72 in the same period in 2019.188bet app 62%；The overall average RevPAR in China in April was 54 compared with the same period in 2019.35%；The recovery of hotel operations in various parts of the country is directly related to the local and surrounding epidemic situation，From mid-May，The overall average RevPAR in China has recovered to about 65%-70% of the same period in 2019。The overall overseas average RevPAR in the first quarter of 2022 recovered to 79 in the same period in 2019.77%；The overall average RevPAR outside China in April recovered to 88 in the same period in 2019.52%。

Company representation，The company will strengthen management by strengthening management、Control costs、Reducing costs and other measures to reduce the impact of the epidemic，Seize the opportunity for industry recovery and growth after the epidemic stabilizes and continue high-quality development。At the same time，After the privatization of Jinjiang Capital，Jinjiang International Group will directly hold the domestic hotel assets held by Jinjiang Capital、Full-service hotel operation 188bet online sports betting and management business，And directly controls three listed companies，Jinjiang Hotel respectively、Jinjiang Online and Jinjiang Travel，The main business of Jin Jiang Hotel is“Limited service hotel operation and management business”and“Food and Catering Business”。

Hotel operation 188bet online sports betting and management business，Companies under Jin Jiang International Group (except Jin Jiang Hotel and its subsidiaries)，Mainly engaged in full-service hotel operations。Jinjiang International Group acquired Radisson Hotel Group in November 2018，Except for the acquisition of a small amount of limited service hotel business formed by Radisson Hotel Group，There are significant differences in the market positioning of Jin Jiang International Group and Jin Jiang Hotels in the hotel business，There is no horizontal competition。