Shanghai Jin Jiang International Hotels Development Co Ltd A

A subsidiary of Jin Jiang Hotels has signed a three-year strategic memorandum of understanding with Trip.com Travel Singapore Pte. Ltd. to deepen engagement across the ten ASEAN nations. The collaboration introduces a unified fixed commission structure for participating properties, replacing volatile floating models to enhance transparency and cost predictability for franchisees. The partnership will combine Jin Jiang's offline hospitality portfolio with Trip.com's online global traffic to create a seamless tourism and accommodation ecosystem, addressing overseas customer acquisition challenges and boosting occupancy rates. Jin Jiang has also deployed dedicated development and operations teams in Malaysia, Indonesia, and Vietnam to support localized growth and upcoming property openings across Southeast Asia.

Jin Jiang Hotels plans to transfer its entire direct and indirect 100% stake in Shanghai Jin Jiang International Food and Catering Management Company to its related party, Shanghai Jin Jiang City Services Company, for 24.67 million yuan. Jin Jiang City Services is wholly owned by Jin Jiang International Holdings Company, the indirect controlling shareholder of Jin Jiang Hotels, making this a related-party transaction. The company expects the deal to generate a pre-tax gain of about 13 million yuan. After completion, it will no longer hold any equity in Jin Jiang Food, and Jin Jiang Food will no longer be included in the consolidated financial statements. In the first quarter of 2026, Jin Jiang Hotels reported revenue of 3.121 billion yuan and net profit attributable to the parent of 137 million yuan.